PTC posted fiscal Q3 earnings per share of $1.03, down 12%, as revenue fell 7% to $600 million.
Operating cash flow rose 7% to $261 million, while free cash flow increased 3% to $249 million.
Operating margin narrowed 4.8 percentage points to 28%, while non-GAAP operating margin slipped 2.9 percentage points to 41%.
ARR excluding divested businesses climbed 7% to $2.41 billion, with CEO Neil Barua citing rising customer focus on its Intelligent Product Lifecycle vision.
PTC raised FY2026 guidance for ARR, revenue and earnings per share, while reaffirming cash flow targets.
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