Filing Flows › PTC (PTC) › Q3 FY26
PTC (PTC) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 31, 2026
PTC (PTC) reported revenue of $600M for the third quarter fiscal 2026 (Q3 FY26), -7% from a year earlier and -23% from the quarter before. Operating margin was 27.7%, net earnings $119M (19.8% of revenue).
PTC, Q3 FY26: revenue $600M (-7% year over year), operating margin 27.7%, net earnings $119M, operating cash flow $261M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $600M | -23% | -7% |
| Gross profit | $490M | -26% | -8% |
| Operating profit | $167M | -44% | -21% |
| Net earnings | $119M | -80% | -16% |
| Operating cash flow | $261M | -19% | +7% |
| Free cash flow | $249M | — | +3% |
What changed
Revenue was $600.0M in Q3 FY26, down 7% year over year and down 23% from the previous quarter. Product Lifecycle Management was the largest line at 59% of revenue. Product Lifecycle Management lost $46.8M year over year (down 12%), 107% of the total change.
Gross margin was 81.7%, down 1.2 points from Q3 FY25. Operating profit was $166.5M, a 27.7% margin (down 4.8 points year over year). Operating expenses fell 0% while revenue fell 7%. The fastest-growing cost line was General & admin (+11%). Net earnings were $118.8M, down 16% year over year. The effective tax rate was 22.1%.
Operating cash flow was $260.6M (up 7% year over year), 219% of net earnings. Non-cash charges added back $24.2M of depreciation and amortization and $59.4M of share-based compensation. Working capital and other items added $58.3M. After capital expenditures ($11.3M), free cash flow as the company reports it was $249.3M.
Questions
What was PTC's revenue in the third quarter fiscal 2026?
PTC (PTC) reported revenue of $600M for the third quarter fiscal 2026 (Q3 FY26), -7% from a year earlier and -23% from the quarter before.
Was PTC profitable in the third quarter fiscal 2026?
Operating profit was $167M (27.7% of revenue) and net earnings $119M.
Source: PTC 10-Q on SEC EDGAR.