PTC (PTC) Q3 FY26 earnings call

PTC delivered a strong Q3 FY26, marked by robust net new ARR and constant currency ARR growth exceeding expectations. The company raised its full-year ARR and share repurchase guidance, reflecting improved go-to-market execution and pipeline visibility. While AI innovation is gaining traction, a large contract's shortened duration impacted Q3 revenue, and divestiture-related outflows will affect Q4 free cash flow.