Filing Flows › PTC (PTC) › Q4 FY26
PTC (PTC) Q4 FY26 earnings results (fourth quarter fiscal 2026)
8-K filed Nov 4, 2026
PTC (PTC) reported revenue of $673M for the fourth quarter fiscal 2026 (Q4 FY26), -25% from a year earlier and +12% from the quarter before. Operating margin was 31.6%, net earnings $157M (23.4% of revenue).
PTC, Q4 FY26: revenue $673M (-25% year over year), operating margin 31.6%, net earnings $157M, operating cash flow $47.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $673M | +12% | -25% |
| Gross profit | $557M | +14% | -28% |
| Operating profit | $213M | +28% | -51% |
| Net earnings | $157M | +32% | -55% |
| Operating cash flow | $47.3M | -82% | -55% |
| Free cash flow | $37.7M | — | -63% |
What changed
Revenue was $673.3M in Q4 FY26, down 25% year over year and up 12% from the previous quarter. Recurring revenue was the largest line at 96% of revenue. Recurring revenue lost $215.8M year over year (down 25%), 98% of the total change.
Gross margin was 82.8%, down 4.1 points from Q4 FY25. Operating profit was $212.6M, a 31.6% margin (down 16.9 points year over year). Operating expenses grew 0% against a revenue fall of 25%. Net earnings were $157.3M, down 55% year over year. The effective tax rate was 19.4%.
Operating cash flow was $47.3M (down 55% year over year), 30% of net earnings. Non-cash charges added back $24.4M of depreciation and amortization and $66.2M of share-based compensation. Working capital and other items used $200.6M. After capital expenditures ($9.7M), free cash flow as the company reports it was $37.7M.
Questions
What was PTC's revenue in the fourth quarter fiscal 2026?
PTC (PTC) reported revenue of $673M for the fourth quarter fiscal 2026 (Q4 FY26), -25% from a year earlier and +12% from the quarter before.
Was PTC profitable in the fourth quarter fiscal 2026?
Operating profit was $213M (31.6% of revenue) and net earnings $157M.
Source: PTC 8-K on SEC EDGAR.