PTC (NASDAQ:PTC) Releases FY 2026 Earnings Guidance

Key Points

• FY2026 guidance: PTC set EPS guidance of 6.650–8.900 (consensus 7.37) and revenue guidance of $2.6B–$2.8B (consensus $2.7B), and updated Q3 EPS guidance to 1.240–1.780.
• Strong Q2 beat and profitability: PTC reported Q2 EPS $2.69 vs. $2.06 expected and revenue $774.3M vs. $712.4M expected, with a 28.9% net margin, 24.6% ROE and roughly mid‑teens operating/free cash flow growth.
• Shareholder returns and market reaction: Management repurchased ~$625M in Q2, is targeting $1.225B–$1.325B for FY'26 and authorized a new $2B buyback for FY'27–'28, while the stock fell to $136.76 on heavy volume and carries a MarketBeat average price target of $180.54 with a "Moderate Buy" consensus.

PTC (NASDAQ:PTC - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 6.650-8.900 for the period, compared to the consensus estimate of 7.370. The company issued revenue guidance of $2.6 billion-$2.8 billion, compared to the consensus revenue estimate of $2.7 billion. PTC also updated its Q3 2026 guidance to 1.240-1.780 EPS.

PTC Stock Performance

PTC traded down $0.79 during trading hours on Wednesday, hitting $136.76. The stock had a trading volume of 4,083,828 shares, compared to its average volume of 1,170,159. PTC has a 1 year low of $130.89 and a 1 year high of $219.69. The company's fifty day simple moving average is $146.69 and its 200 day simple moving average is $164.45. The stock has a market cap of $16.27 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.40 and a beta of 0.98. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.31.

PTC (NASDAQ:PTC - Get Free Report) last issued its earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, topping analysts' consensus estimates of $2.06 by $0.63. The firm had revenue of $774.30 million during the quarter, compared to analyst estimates 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. Equities analysts anticipate that PTC will post 6.13 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on PTC. Oppenheimer cut their price target on PTC from $240.00 to $200.00 and set an "outperform" rating for the company in a report on Wednesday, January 28th. Royal Bank Of Canada dropped their price objective on PTC from $235.00 to $195.00 and set an "outperform" rating on the stock in a report on Thursday, February 5th. Citigroup cut their target price on PTC from $166.00 to $146.00 and set a "neutral" rating for the company in a research note on Wednesday, April 29th. Barclays started coverage on PTC in a report on Tuesday, March 17th. They set an "overweight" rating and a $180.00 target price for the company. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $190.00 price target on shares of PTC in a report on Tuesday. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $180.54.

Insider Buying and Selling at PTC

In related news, Director Corinna Lathan sold 675 shares of the business's stock in a transaction dated Monday, March 16th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Staats Aaron C. Von sold 240 shares of the company's stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $161.10, for a total value of $38,664.00. Following the completion of the transaction, the executive vice president owned 22,221 shares in the company, valued at $3,579,803.10. This represents a 1.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by company insiders.

Key Headlines Impacting PTC

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 Investors Weigh In On PTC

Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC raised its position in shares of PTC by 3.1% during the 1st quarter. Empowered Funds LLC now owns 2,498 shares of the technology company's stock valued at $387,000 after buying an additional 75 shares in the last quarter. Geneos Wealth Management Inc. grew its position in PTC by 34.4% in the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company's stock worth $46,000 after acquiring an additional 76 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in PTC by 68.7% in the second quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company's stock valued at $121,000 after acquiring an additional 287 shares during the last quarter. Cerity Partners LLC bought a new position in PTC in the second quarter valued at $257,000. Finally, Alliancebernstein L.P. raised its position in PTC by 3.2% during the second quarter. Alliancebernstein L.P. now owns 132,962 shares of the technology company's stock valued at $22,915,000 after purchasing an additional 4,176 shares in the last quarter. 95.14% of the stock is currently owned by institutional investors.

PTC Company Profile

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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