Yes but no feature updates, so for example LTSC 2021 is "stuck" on 21H2 from 2021. But it gets the regular security and bugfix updates, last one was June 9th
See here (Enterprise and IoT Enterprise LTSB/LTSC editions):
Technically it can break some apps if they are hard coded to only work with 22H2. Probably happens with some video games and anti cheat software ("always needs the latest update")
There is a Windows 11 LTSC version which works the same.
They receive updates on time. I've been supporting a few LTSC machines for friends and relatives, haven't ever seen them receive any unnecessary junk through Windows Update. Just bug and vulnerability fixes.
They get only security fixes. So if there is some system component that is buggy under some circumstances it stays that way. Part of native windows development is constant workarounds around old buggy dlls
See here (Enterprise and IoT Enterprise LTSB/LTSC editions):
https://learn.microsoft.com/en-us/windows/release-health/rel...