Slide 1: Q3'26 Financial Results
Q3’26 FINANCIAL RESULTS Neil Barua CEO Jennifer DiRico CFO July 29, 2026
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation includes forward looking statements regarding PTC’s future financial performance, strategic outlook and expectations, anticipated future operations, expected effects of strategic investments and initiatives, and share repurchase expectations. Because such
Slide 3: Transforming the Enterprise with the Intelligent Product Lifecycle
TRANSFORMING THE ENTERPRISE WITH THE INTELLIGENT PRODUCT LIFECYCLE SERVICE Powered by Product Data Connected Accelerated through Openness by SaaS Fueled by AI DESIGN 3
Slide 4: Solid ARR and Cash Flow Results
SOLID ARR AND CASH FLOW RESULTS ARR CASH FLOW 1 As reported ARR excluding divested businesses excludes Kepware and ThingWorx ARR from Q3’25 to facilitate period-to-period comparisons following the divestiture of those businesses in Q2’26. 2 On a constant currency basis, using our FY’26 Plan foreign
Slide 5: FY'26 and Q4'26 Guidance
FY’26 AND Q4’26 GUIDANCE FY’26 cash flow, revenue, and EPS include Kepware and ThingWorx only until the divestiture on March 13, 2026 Over the mid-term, we expect non-GAAP operating expenses to grow at roughly half the rate of ARR 1 Excludes Kepware and ThingWorx ARR from FY’25 given the divesti
Slide 6: Appendix
ee APPENDIX
Slide 7: FY'26 Guidance Includes the Following Assumptions
APPENDIX: FY’26 GUIDANCE INCLUDES THE FOLLOWING ASSUMPTIONS We provide ARR guidance on a constant currency basis, using our FY’26 Plan foreign exchange rates (rates as of September 30, 2025) for all periods. We expect churn to remain low. Related to free cash flow, we expect three divestiture-relate
Slide 8: FY'26 Illustrative Constant Currency ARR Model
APPENDIX: FY’26 ILLUSTRATIVE CONSTANT CURRENCY ARR MODEL What does PTC need to deliver to achieve our constant currency ARR guidance? Using FX rates as of September 30, 2025 for all periods We expect churn to remain low To hit the midpoint of our guidance range of 9% to 9.5% YoY growth excluding Kep
Slide 9: Q4'26 Illustrative Constant Currency ARR Model
APPENDIX: Q4’26 ILLUSTRATIVE CONSTANT CURRENCY ARR MODEL What does PTC need to deliver to achieve our constant currency ARR guidance? Using FX rates as of September 30, 2025 for all periods We expect churn to remain low To hit our guidance range of 9% to 9.5% YoY growth excluding Kepware and ThingWo
Slide 10: ARR by Product Group and Geographic Region Excluding Kepware and ThingWorx
APPENDIX: ARR BY PRODUCT GROUP AND GEOGRAPHIC REGION EXCLUDING KEPWARE AND THINGWORX CAD: Product data authoring software PLM: Product data management and process orchestration software $1,003 $986 $1,445 +8% +8% $1,426 +10% $ in millions +6% +10% +8% $934 $928 $1,321 $1,316 As Constant Reported Cur
Slide 11: Balance Sheet and Share Repurchases
APPENDIX: BALANCE SHEET AND SHARE REPURCHASES Balance sheet Debt/EBITDA ratio at the end of Q3’26 was 1.0x In Q3’26, we used ~$500 million of cash for share repurchases. In total during the quarter, we repurchased $525 million worth of shares in the open market, of which $500 million was settled in
Slide 12: FX Impact on ARR
APPENDIX: FX IMPACT ON ARR We report constant currency ARR to help investors understand and assess our business performance excluding FX volatility 1 For comparability purposes, historical constant currency ARR amounts excluding Kepware and ThingWorx reflect immaterial adjustments to previously repo
Slide 13: Competitive Displacement by Windchill and Creo at an Industrial Company
APPENDIX: COMPETITIVE DISPLACEMENT BY WINDCHILL AND CREO AT AN INDUSTRIAL COMPANY Goal This customer is a global leader in building products and industrial capital goods, and is historically a Creo and Windchill customer. This customer made a decision to standardize across one CAD and PLM solution,
Slide 14: Competitive Displacement and PLM Standardization at an Aerospace & Defense Leader
APPENDIX: COMPETITIVE DISPLACEMENT AND PLM STANDARDIZATION AT AN AEROSPACE & DEFENSE LEADER Goal This customer is a global aerospace & defense company undergoing a broader enterprise digital transformation initiative, focused on modernizing engineering and manufacturing operations. To support its lo
Slide 15: Enterprise Transformation Supported by ServiceMax at an Industrial Automation Leader
APPENDIX: ENTERPRISE TRANSFORMATION SUPPORTED BY SERVICEMAX AT AN INDUSTRIAL AUTOMATION LEADER Goal This customer is a global leader in industrial automation and is a long- standing, strategic PTC customer. This customer is seeking to accelerate its service transformation strategy through AI embedde
Slide 16: Standardization on Onshape at a Specialty Automotive Leader
APPENDIX: STANDARDIZATION ON ONSHAPE AT A SPECIALTY AUTOMOTIVE LEADER Goal This customer is a leading manufacturer of specialty vehicles and is focused on driving profitable growth through improved engineering efficiency and accelerated time to market on new product launches. Solution and Impact In
Slide 17: PLM Modernization and Standardization on Windchill+ at a Global Technology Company
APPENDIX: PLM MODERNIZATION AND STANDARDIZATION ON WINDCHILL+ AT A GLOBAL TECHNOLOGY COMPANY Goal This customer is modernizing its product development environment and investing in a scalable digital foundation to improve efficiency, collaboration, and innovation. Solution and Impact The customer sel
Slide 18: Enterprise Transformation Driven by Codebeamer at an Automotive Company
APPENDIX: ENTERPRISE TRANSFORMATION DRIVEN BY CODEBEAMER AT AN AUTOMOTIVE COMPANY Goal This customer is a multinational manufacturer of commercial vehicles and engines. This customer was looking to deploy a foundational platform for its digital transformation, where managing complex processes, requi
Slide 19: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Statements in this document that are not historic facts, including statements about our future operating, financial and growth expectations, and potential stock repurchases are forward-looking statements that involve risks and uncertainties that could cause actual results
Slide 20: Operating Measure
OPERATING MEASURE ARR: ARR (Annual Run Rate) represents the annualized value of our portfolio of active subscription software, SaaS, hosting, and support contracts as of the end of the reporting period. We calculate ARR as follows: We consider a contract to be active when the product or service cont
Slide 21: 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 oper
Slide 22: Reconciliation of Non-GAAP Financial Measures to GAAP
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP Free Cash Flow Diluted Earnings per Share: GAAP vs. Non-GAAP 22