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PTC (PTC) R&D spending by quarter

PTC's R&D spending was $120M in Q4 FY26 (fourth quarter fiscal 2026), +4% from Q3 FY26. Over the last 7 quarters it ranged from $111M (Q2 FY25) to $124M (Q2 FY26).

PTC R&D spending by quarterPTC R&D spending by quarter$111MQ2 FY25$117MQ3 FY25$115MQ4 FY25$120MQ1 FY26$124MQ2 FY26$116MQ3 FY26$120MQ4 FY26
QuarterR&D spendingQ/QY/Y
Q4 FY26$120M+4%+5%
Q3 FY26$116M-7%-0.8%
Q2 FY26$124M+3%+12%
Q1 FY26$120M+5%—
Q4 FY25$115M-2%—
Q3 FY25$117M+5%—
Q2 FY25$111M——

Q4 FY26 at a glance

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.

Questions

What is PTC's R&D spending?

PTC's R&D spending was $120M in Q4 FY26 (fourth quarter fiscal 2026), +4% from Q3 FY26.

How has PTC's R&D spending changed?

Over the last 7 quarters it ranged from $111M (Q2 FY25) to $124M (Q2 FY26).

Q4 FY26 results → · How PTC makes money →