PTC (NASDAQ:PTC) Issues Q3 2026 Earnings Guidance

Key Points

• PTC updated its Q3 2026 guidance to EPS $1.24–$1.78 (consensus $1.60) and revenue $580M–$640M (consensus $620.7M), and set FY 2026 EPS guidance at $6.65–$8.90.
• The company reported a strong Q2 beat—EPS $2.69 vs. $2.06 expected and revenue $774.3M vs. $712.4M—with a ~28.9% net margin and aggressive buybacks (~$625M in Q2; targeting $1.225B–$1.325B for FY26 and a new $2B authorization for FY27–28).
• Shares traded down to $136.76 on heavy volume after the update; analysts maintain a consensus rating of "Moderate Buy" with a $180.54 target, though several firms have trimmed price objectives and insiders have made modest sales.

PTC (NASDAQ:PTC - Get Free Report) updated its third quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 1.240-1.780 for the period, compared to the consensus EPS estimate of 1.600. The company issued revenue guidance of $580.0 million-$640.0 million, compared to the consensus revenue estimate of $620.7 million. PTC also updated its FY 2026 guidance to 6.650-8.900 EPS.

PTC Stock Performance

Shares of NASDAQ:PTC traded down $0.79 during mid-day trading on Wednesday, reaching $136.76. The company had a trading volume of 4,086,573 shares, compared to its average volume of 1,171,277. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The firm has a market cap of $16.27 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 2.40 and a beta of 0.98. The company's 50-day moving average price is $146.69 and its 200-day moving average price is $164.45. PTC has a one year low of $130.89 and a one year high of $219.69.

PTC (NASDAQ:PTC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 EPS for the quarter, topping analysts' consensus estimates of $2.06 by $0.63. The company had revenue of $774.30 million for the quarter, compared to analysts' expectations of $712.40 million. PTC had a net margin of 28.86% and a return on equity of 24.63%. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. As a group, equities research analysts anticipate that PTC will post 6.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PTC shares. BMO Capital Markets reduced their price objective on shares of PTC from $219.00 to $189.00 and set an "outperform" rating for the company in a research note on Thursday, February 5th. Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 price objective on shares of PTC in a research note on Tuesday. Wall Street Zen upgraded shares of PTC from a "hold" rating to a "buy" rating in a research note on Saturday, April 18th. JPMorgan Chase & Co. lowered shares of PTC from a "neutral" rating to an "underweight" rating and reduced their price objective for the company from $205.00 to $162.00 in a research note on Monday, February 2nd. Finally, KeyCorp reduced their price objective on shares of PTC from $210.00 to $195.00 and set an "overweight" rating for the company in a research note on Tuesday, March 17th. Ten analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PTC presently has a consensus rating of "Moderate Buy" and a consensus target price of $180.54.

Insiders Place Their Bets

In other news, Director Corinna Lathan sold 675 shares of the business's stock in a transaction on Monday, March 16th. The shares were sold at an average price of $157.24, for a total transaction of $106,137.00. Following the completion of the transaction, the director directly owned 8,429 shares in the company, valued at $1,325,375.96. The trade was a 7.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Staats Aaron C. Von sold 240 shares of the business's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $161.10, for a total transaction of $38,664.00. Following the transaction, the executive vice president owned 22,221 shares of the company's stock, valued at $3,579,803.10. This trade represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is owned by insiders.

More PTC News

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Strong Q2 results: PTC reported Q2 FY'26 EPS of $2.69 vs. consensus $2.06 and revenue of $774.3M vs. $712.4M expected — a clear beat that signals healthy revenue and margin performance. PR Newswire: Q2 Results
• Positive Sentiment: Profitability & cash flow: Management reported ~14% operating and free cash flow growth, 28.9% net margin and 24.6% ROE — metrics that support valuation and buyback activity. PR Newswire: Q2 Results
• Positive Sentiment: Large buyback program: PTC used ~ $625M for repurchases in Q2, is targeting $1.225B–$1.325B for FY'26 and approved a new $2B repurchase authorization for FY'27–'28 — supports EPS accretion and shareholder returns. PR Newswire: Q2 Results / Buybacks
• Positive Sentiment: Enterprise contract win: The U.S. Army designated PTC’s Windchill PLM as its official enterprise PDM/PLM solution — a strategic, high‑visibility win that can drive multi‑year revenue and credibility in government/defense. PR Newswire: Windchill / U.S. Army
• Positive Sentiment: Customer expansion: Hamilton Medical selected PTC’s Codebeamer to replace legacy ALM systems and expand collaboration with Windchill — a multi‑year commercial adoption that strengthens vertical market momentum. PR Newswire: Codebeamer / Hamilton Medical
• Positive Sentiment: Analyst backing: Rosenblatt reaffirmed a "buy" with a $190 price target, providing an upside catalyst if sentiment improves. Benzinga: Rosenblatt Rating
• Neutral Sentiment: Underlying momentum and expectations: Previews and analyst notes (Zacks, media previews) emphasized double‑digit revenue and EPS growth expectations, strong ARR momentum and expanding AI capabilities — supportive but forward‑looking. Zacks: Q2 Preview
• Neutral Sentiment: Local subsidiary housekeeping: PTC India Financial Services reported a clean audit and board clearance of accounts — routine corporate housekeeping with limited market impact. TipRanks: PTC India Audit

Institutional Trading of PTC

A number of hedge funds have recently made changes to their positions in PTC. Voloridge Investment Management LLC lifted its holdings in shares of PTC by 856.8% during the 3rd quarter. Voloridge Investment Management LLC now owns 465,814 shares of the technology company's stock worth $94,570,000 after acquiring an additional 417,130 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of PTC by 26.8% during the 4th quarter. Invesco Ltd. now owns 1,710,141 shares of the technology company's stock worth $297,924,000 after acquiring an additional 361,038 shares during the last quarter. State Street Corp lifted its holdings in shares of PTC by 5.6% during the 4th quarter. State Street Corp now owns 5,905,645 shares of the technology company's stock worth $1,028,822,000 after acquiring an additional 312,000 shares during the last quarter. Caisse de depot et placement du Quebec lifted its holdings in shares of PTC by 298.6% during the 4th quarter. Caisse de depot et placement du Quebec now owns 357,297 shares of the technology company's stock worth $62,245,000 after acquiring an additional 267,648 shares during the last quarter. Finally, Standard Investments LLC lifted its holdings in shares of PTC by 14.3% during the 4th quarter. Standard Investments LLC now owns 1,812,500 shares of the technology company's stock worth $315,756,000 after acquiring an additional 226,500 shares during the last quarter. 95.14% of the stock is owned by institutional investors.

About PTC

PTC Inc NASDAQ: PTC is a global technology company that develops software and services to help manufacturers design, operate, and service physical products. Founded in 1985 as Parametric Technology Corporation, PTC pioneered parametric, feature-based CAD with its Pro/ENGINEER product (now marketed as Creo) and has since expanded its portfolio to address product lifecycle management, Internet of Things (IoT), augmented reality (AR) and industrial connectivity.

Key product lines include Creo for 3D CAD; Windchill for product lifecycle management (PLM); ThingWorx, an IoT platform for connecting devices and building industrial applications; Vuforia, an AR platform for creating immersive service and training experiences; and Kepware, a suite for industrial connectivity and protocol translation.

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