PTC's Q4 2025 earnings beat expectations, with strong revenue growth and upgraded 2026 guidance, driven by focus on PLM and IoT.

PTC reported strong Q4 2025 results with adjusted EPS of $3.47, well above expectations, and revenue of $893.8 million, up 42.7% year-over-year. The company raised its full-year 2026 EPS guidance to $6.49–$8.95 and projected Q1 2026 EPS of $1.26–$1.82, slightly below estimates, with revenue of $600M–$660M. Annual recurring revenue reached $2.48 billion, up 9.9% annually, while operating margin expanded to 48.5%. The company cited strategic divestitures to focus on core PLM and IoT solutions.