Positive memories play an important role in the etiology and maintenance of posttraumatic stress disorder (PTSD). Additionally, there are potential clinical benefits of recalling positive memories on affect, cognitions, and behaviors. However, most research/clinical work has focused on the role of traumatic memories in PTSD's symptomatology and treatment. The current study examined positive memory recall difficulties and positive memory phenomenology among 185 trauma-exposed individuals with varying PTSD severity. Participants completed the Life Events Checklist for DSM-5, PTSD Checklist for DSM-5, Autobiographical Memory Test, Memory Experiences Questionnaire – Short Form, Ruminative Thought Style Questionnaire, Difficulties in Emotional Regulation Scale – Brief 16-Item Version, Difficulties in Emotional Regulation Scale – Positive Emotions, the Positive Affect subscale of the Affective Control Scale, and two items from the Pittsburg Sleep Quality Index. Results showed that (1) greater PTSD severity was a marginally significant predictor of fewer recalled positive memories; (2) greater positive emotional dysregulation predicted fewer recalled positive memories controlling for PTSD severity; and (3) increasing PTSD severity predicted more negative valence, less vividness, less coherence, less accessibility, less clear time perspective, fewer sensory details, and greater distancing ratings of the recalled positive memory, controlling for sleep quantity/quality. Such findings add to the PTSD-positive memory literature by informing PTSD theoretical perspectives; enhancing an understanding of if/how positive memories may be incorporated into PTSD treatments; and highlighting potential clinical targets, such as positive emotional regulation skills, when integrating a focus on positive memories into PTSD intervention.