PTC Inc. (PTC) official guidance

| Constant currency ARR excluding divested businesses (FY’26 Plan FX rates)1 | 7.5% to 9.5% growth | 9% to 9.5% growth | 9% to 9.5% | 9% to 9.5% growth |

In fiscal 2026, for constant currency ARR, excluding Kepware and ThingWorx, we continue to expect growth of approximately 7.5%-9.5%.

| Constant currency ARR excluding divested businesses (FY’26 Plan FX rates)1 | 7.5% to 9.5% growth | 7.5% to 9.5% growth | 7.5% to 9.5% | 8% to 9% growth |

In fiscal 2026, for constant currency ARR, excluding Kepware and ThingWorx, we continue to expect growth of approximately 7.5%-9.5%.

| Constant currency ARR excluding Kepware and ThingWorx (FY’26 Plan FX rates1) | 7.5% to 9.5% growth | 7.5% to 9.5% growth | 7.5% to 9.5% | 8% to 8.5% growth |

For constant currency ARR, excluding Kepware and ThingWorx, we expect growth of approximately 7.5% to approximately 9.5% in fiscal '26.

| Constant currency ARR excluding Kepware and ThingWorx for the full year (FY’26 Plan FX rates1) | $2,319 | 7.5% to 9.5% growth | 7.5% to 9.5% | 8.5% to 9% growth |

In total, we expect to repurchase approximately $1.625 billion of our shares in FY’26 and expect a decrease in fully diluted shares to approximately 116 million shares for FY'26, compared to 121 million shares in FY’25.

| Non-GAAP earnings per share2 | $6.65 to $8.90 | $7.87 to $8.42 | (1)% to 6%4 | $1.63 to $2.21 |

To reflect the upside we saw in Q2 and also factor in recent currency moves, we are raising our fiscal 2026 revenue guidance to $2.580 billion-$2.820 billion, and we are raising our non-GAAP EPS guidance range to $6.65-$8.90.

| Non-GAAP earnings per share2 | $6.36 to $8.84 | $6.65 to $8.90 | (16)% to 12%4 | $1.24 to $1.78 |

We are raising our fiscal 2026 guidance range for revenue to $2.675 billion-$2.940 billion, and raising our non-GAAP EPS guidance range to $6.69-$9.15, in alignment with our Q1 2026 results coming in above the high end of our guidance range.

| Non-GAAP earnings per share2 | $6.49 to $8.95 | $6.69 to $9.15 | -16% to 15% | $1.93 to $2.54 |

| Non-GAAP earnings per share | $8.00 | $6.49 to $8.953 | (19%) to 12%3 | $1.26 to $1.823 |

| Free cash flow2 | ~$850 | ~$850 | ~(1)%4 | ~$15 |

We expect to generate $850 million in free cash flow in fiscal 2026.

| Free cash flow2 | ~$850 | ~$850 | ~(1)%4 | $240 to $245 |

Our business, as currently constituted, remains on track to deliver approximately $1 billion of free cash flow in fiscal 2026.

| Free cash flow2 | ~$1,000 | ~$1,0003, 5 | ~17% | $310 to $3153 |

We are also well on track to deliver $1 billion of free cash flow in fiscal '26, including Kepware and ThingWorx.

| Free cash flow | $8572 | ~$1,0003 | ~17%3 | $265 to $2703 |

| Free cash flow2 | ~$850 | ~$850 | ~(1)%4 | ~$15 |

Based on this and our expected cash outflows we expect approximately 55% to 60% of our free cash flow to be generated in the first half of the year and for fiscal Q4 to be our lowest cash flow generation quarter.

At the midpoint, our guidance is for $195 million of net new ARR.

| Revenue | $2,580 to $2,820 | $2,690 to $2,750 | (2)% to 0%4 | $630 to $690 |

To reflect the upside we saw in Q2 and also factor in recent currency moves, we are raising our fiscal 2026 revenue guidance to $2.580 billion-$2.820 billion, and we are raising our non-GAAP EPS guidance range to $6.65-$8.90.

| Revenue | $2,540 to $2,805 | $2,580 to $2,820 | (6)% to 3%4 | $580 to $640 |

We are raising our fiscal 2026 guidance range for revenue to $2.675 billion-$2.940 billion, and raising our non-GAAP EPS guidance range to $6.69-$9.15, in alignment with our Q1 2026 results coming in above the high end of our guidance range.

| Revenue2 | $2,650 to $2,915 | $2,675 to $2,940 | -2% to 7% | $710 to $770 |

| Revenue | $2,739 | $2,650 to $2,9153 | (3%) to 6%3 | $600 to $6603 |

In total, we expect to repurchase approximately $1.625 billion of our shares in FY’26 and expect a decrease in fully diluted shares to approximately 116 million shares for FY'26, compared to 121 million shares in FY’25.

For the full year, we expect to repurchase approximately $1.225 billion-$1.325 billion of our common stock.

In total, we expect to repurchase approximately $1.225 billion to $1.325 billion of our shares in FY’26.

Adding this to our original fiscal 2026 plan means that we will buy back approximately $1.1 billion-$1.3 billion of our common stock this year.

In total, we expect to repurchase approximately $1.115 billion to $1.315 billion of our shares in FY’26.

approximately $35 million related to acquisition and transaction-related charges.

approximately $80 million related to amortization of acquired intangible assets, and

approximately $80 million of intangible asset amortization expense.

| Capital expenditures | ~$30 | ~$15 |

Capital expenditures are expected to be approximately $30 million, with approximately $20 million of capital expenditures in FY’26 that are not expected to recur in future years, related to moving a major R&D center to a new office.

Capital expenditures are expected to be approximately $30 million, with approximately $20 million of one-time capital expenditures in FY’26 related to moving a major R&D center to a new office.

Cash interest payments are expected to be approximately $50 million to $70 million.

Cash interest payments are expected to be approximately $50 million to $70 million.

Cash interest payments are expected to be approximately $50 million to $70 million.

Cash tax payments are expected to be approximately $240 million to $260 million, of which approximately $110 million is related to the Kepware and ThingWorx divestiture and not expected to recur in future years.

Cash tax payments are expected to be approximately $130 million to $150 million.

Cash tax payments are expected to be approximately $130 million to $150 million.

| Earnings per share | $6.94 to $9.66 | $7.21 to $9.70 | 19% to 60%4 | $0.68 to $1.25 |

| Earnings per share2 | $4.37 to $6.87 | $4.42 to $6.934 | -27% to 14% | $1.25 to $1.874 |

| Earnings per share | $6.14 | $4.37 to $6.873 | (29%) to 12%3 | $0.73 to $1.313 |