PTC reports Q4 and FY 2026 results

Item 2.02 Results of Operations and Financial Condition.

On November 4, 2026, PTC Inc. announced results for its fourth quarter and fiscal year ended September 30, 2026. A copy of the press release is furnished herewith as Exhibit 99.1.¹

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits .

99.1 PTC Inc. Press Release dated November 4, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

PTC Inc.

Date:

04 November 2026

By:

/s/ Jennifer DiRico

Jennifer DiRico

Executive Vice President, Chief Financial Officer

Ex 99.1

PTC Announces Fourth fiscal Quarter and Full Fiscal YEar 2026 Results

Strategic focus on Intelligent Product Lifecycle vision

BOSTON, MA, November 4, 2026 - PTC (NASDAQ: PTC) today reported financial results for its fourth fiscal quarter and full fiscal year ended September 30, 2026.

Fourth Fiscal Quarter and Full Fiscal Year 2026 Key Operating and Financial Metrics 1

$ in millions, except per share amounts

YoY Change

As reported ARR excluding divested businesses 2

$2,508

$2,320

8%

Constant currency ARR excluding divested businesses (FY'26 Plan FX rates 3 )

$2,545

$2,320

9.7%

Operating cash flow

$47 5

$104

(55%)

Free cash flow

$38 5

$100

(63%)

Revenue 4

$673

$894

(25%) 6

Operating margin 4

32%

49%

(1,690 bps)

Non-GAAP operating margin 4

46%

59%

(1,320 bps)

Earnings per share 4

$1.44

$2.88

(50%)

Non-GAAP earnings per share 4

$2.03

$3.41

(40%)

1 The definitions of our operating and non-GAAP financial measures and reconciliations of non-GAAP financial measures to comparable GAAP measures are included below and in the reconciliation tables at the end of this press release.

2 As reported ARR excluding divested businesses excludes Kepware and ThingWorx ARR from Q4'25 to facilitate period-to-period comparisons following the divestiture of those businesses in Q2'26. ARR increased 1% year over year on an as reported basis in Q4'26.

3 On a constant currency basis, using our FY'26 Plan foreign exchange rates (rates as of September 30, 2025) for all periods. Constant currency ARR excluding divested businesses excludes Kepware and ThingWorx ARR from Q4'25.

4 Revenue and, as a result, operating margin and earnings per share are impacted under ASC 606.

5 Q4'26 cash flow included approximately $24 million of divestiture-related costs and approximately $75 million of divestiture-related cash taxes, all of which are not expected to recur in future years. Also, Q4'26 free cash flow included approximately $5 million of capital expenditures, which are not expected to recur in future years, related to moving a major R&D center to a new office .

6 In Q4'26, revenue declined 24% year over year on a constant currency basis .

$ in millions, except per share amounts

FY'26

FY'25

YoY Change

Operating cash flow³

4%³

Free cash flow³

2%³

Revenue 1

$2,733

$2,739

(0%) 4

Operating margin 1

33%

36%

(310 bps)

Non-GAAP operating margin 1

47%

48%

(80 bps)

Earnings per share 1⁴

$8.93⁴

$6.08⁴

47%⁴

Non-GAAP earnings per share 1

$8.24

$7.94

4%

1 Revenue and, as a result, operating margin and earnings per share are impacted under ASC 606.

2 FY'26 cash flow included approximately $48 million of divestiture-related costs and approximately $83 million of divestiture-related cash taxes, partially offset by approximately $70 million of divestiture-related net free cash flow contribution, all of which are not expected to recur in future years. Also, FY'26 free cash flow included approximately $14 million of capital expenditures, which are not expected to recur in future years, related to moving a major R&D center to a new office.

3 FY'25 cash flow absorbed approximately $20 million of outflows related to our go-to-market realignment.

4 In FY'26, revenue declined 2% year over year on a constant currency basis .

As previously announced on October 5 th , 2026, PTC entered into a definitive agreement to be acquired by Schneider Electric.^{2 2}In light of the pending transaction, PTC is suspending quarterly earnings conference calls and is no longer providing quarterly or annual guidance.²

1

Important Information About Our Operating and Non-GAAP Financial Measures

Non-GAAP Financial Measures

We provide supplemental non-GAAP financial measures to our financial results. We use these non-GAAP financial measures, and we believe that they assist our investors, to make period-to-period comparisons of our operating performance because they provide a view of our operating results without items that are not, in our view, indicative of our operating results. These non-GAAP financial measures should not be construed as an alternative to GAAP results as the items excluded from the non-GAAP financial measures often have a material impact on our operating results, certain of those items are recurring, and others often recur. Management uses, and investors should consider, our non-GAAP financial measures only in conjunction with our GAAP results.

Non-GAAP operating expense, non-GAAP operating margin, non-GAAP gross profit, non-GAAP gross margin, non-GAAP net income and non-GAAP EPS exclude the effect of the following items: stock-based compensation; amortization of acquired intangible assets; acquisition and transaction-related charges included in general and administrative expenses; impairment and other charges (credits), net; non-operating charges (credits), net shown in the reconciliation provided; and income tax adjustments. Additional information about the items we exclude from our non-GAAP financial measures and the reasons we exclude them can be found in "Non-GAAP Financial Measures" in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025.

Free Cash Flow: We provide information on free cash flow to enable investors to assess our ability to generate cash without incurring additional external financings and to evaluate our performance against our announced long-term goals and intent to return excess cash to shareholders via stock repurchases. Free cash flow is ca