BOSTON – November 04, 2026 -- PTC (NASDAQ: PTC) has stopped providing quarterly and annual guidance and suspended its quarterly earnings conference calls after agreeing to be acquired by Schneider Electric, the company said as it reported results for the fourth fiscal quarter and full fiscal year ended September 30, 2026.
PTC ends investor guidance after October 5 acquisition agreement
PTC entered into a definitive agreement with Schneider Electric on October 5, 2026. The company cited the proposed transaction as the reason for withdrawing guidance and ending the earnings calls. Investors will no longer get management's forward outlook or live Q&A with each quarterly report.
ARR remains the core operating measure for PTC's subscription business
PTC reports Annual Run Rate (ARR) as its key operating metric. ARR is the annualized value of active subscription software, SaaS, hosting and support contracts at period end. A contract counts only once its term has started, and future committed increases are excluded. ARR also makes no assumptions about renewals or non-renewals.
PTC calculates ARR by dividing total active contract value by contract duration in days, then multiplying by 365. The company invoices customers annually, so ARR tracks annual billings and is unaffected by ASC 606 revenue timing, particularly for on-premises license subscriptions. PTC says ARR should be viewed separately from recognized and unearned revenue.
Non-GAAP reporting excludes stock compensation and acquisition charges
PTC's non-GAAP operating expense, operating margin, gross profit, gross margin, net income and EPS exclude stock-based compensation, amortization of acquired intangibles, and acquisition and transaction-related charges in general and administrative expenses. They also exclude impairment and other charges, non-operating charges and income tax adjustments. The company defines free cash flow as cash from operations net of capital expenditures, and it presents constant-currency figures using the September 30, 2025 exchange rate.