PTC reported fiscal fourth-quarter results exceeding analyst estimates for both top and bottom lines, highlighted by steady growth in recurring revenue. Following the October 2026 agreement to be acquired by Schneider Electric for $205 per share, the company has suspended its earnings calls and forward-looking guidance.
Key Highlights
- Constant currency Annual Recurring Revenue (ARR) grew 9.7% year-over-year to $2.55 billion, excluding divested businesses.
- Non-GAAP earnings per share of $2.03 beat the $1.97 estimate, despite a year-over-year contraction in non-GAAP operating margins to 46%.
- Free cash flow of $385 million was significantly impacted by $99 million in non-recurring divestiture-related costs and cash taxes.