Source

File: wp-includes/theme.php

function validate_theme_requirements( $stylesheet ) {
	$theme = wp_get_theme( $stylesheet );

	$requirements = array(
		'requires'     => ! empty( $theme->get( 'RequiresWP' ) ) ? $theme->get( 'RequiresWP' ) : '',
		'requires_php' => ! empty( $theme->get( 'RequiresPHP' ) ) ? $theme->get( 'RequiresPHP' ) : '',
	);

	$readme_file = $theme->theme_root . '/' . $stylesheet . '/readme.txt';

	if ( file_exists( $readme_file ) ) {
		$readme_headers = get_file_data(
			$readme_file,
			array(
				'requires'     => 'Requires at least',
				'requires_php' => 'Requires PHP',
			),
			'theme'
		);

		$requirements = array_merge( $readme_headers, $requirements );
	}

	$compatible_wp  = is_wp_version_compatible( $requirements['requires'] );
	$compatible_php = is_php_version_compatible( $requirements['requires_php'] );

	if ( ! $compatible_wp && ! $compatible_php ) {
		return new WP_Error(
			'theme_wp_php_incompatible',
			sprintf(
				/* translators: %s: Theme name. */
				_x( '<strong>Error:</strong> Current WordPress and PHP versions do not meet minimum requirements for %s.', 'theme' ),
				$theme->display( 'Name' )
			)
		);
	} elseif ( ! $compatible_php ) {
		return new WP_Error(
			'theme_php_incompatible',
			sprintf(
				/* translators: %s: Theme name. */
				_x( '<strong>Error:</strong> Current PHP version does not meet minimum requirements for %s.', 'theme' ),
				$theme->display( 'Name' )
			)
		);
	} elseif ( ! $compatible_wp ) {
		return new WP_Error(
			'theme_wp_incompatible',
			sprintf(
				/* translators: %s: Theme name. */
				_x( '<strong>Error:</strong> Current WordPress version does not meet minimum requirements for %s.', 'theme' ),
				$theme->display( 'Name' )
			)
		);
	}

	return true;
}