PTC IncNasdaq: PTC
Information Technology · Application Software
$114.69
-1.92%
Vol: 1.9M
Research Digest
Friday, June 19, 2026
PTC stock near 52-week low despite Q2 EPS of $2.69 beating $2.10 estimate by 28% and raised guidance, as stock has sold off ~20% in recent weeks on valuation concerns amid bearish technical signals.
PTC Inc. (PTC) reported strong Q2 fiscal 2026 results with EPS of $2.69 versus the $2.10 estimate and revenue of $774 million beating the $711.9 million forecast, yet the stock has declined sharply to near its 52-week low around $108-$114. Management raised fiscal 2026 revenue and EPS guidance and described building a "large, high-quality pipeline for the second half," but the stock has fallen approximately 20% in recent weeks. The Board authorized a $2.0 billion share repurchase program effective October 2026 through September 2028. On the product side, PTC launched its Windchill AI Assistant for PLM and the PTC Orbit asset intelligence platform. Despite 11 analyst Buy ratings and a consensus price target of $178.82, technical indicators lean bearish with 4 negative signals. The sharp disconnect between fundamentals and price action may present a risk or opportunity depending on macro sentiment toward industrial software.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14PTC launched its cloud-native PTC Orbit AI asset-intelligence platform on June 11 even as shares slid ~4% the next day amid a multi-week selloff.Mixed▶
On June 11, 2026, PTC announced PTC Orbit, a cloud-native 'as-maintained' asset intelligence solution that unifies PLM, ERP, CRM, IoT, EAM and FSM data into a single asset record with AI on top, showcased at the PTC NEXT Chicago event June 9-10. Despite the launch and management commentary that its go-to-market machine is 'starting to hum' with a large second-half pipeline, the stock fell about 4.0% on June 12 to roughly $113.68, extending a roughly 20% decline over a few weeks. Recent results had been strong, with EPS of $2.69 versus $2.10 expected and revenue of $774M versus $711.9M. The bull case rests on competitor displacement and AI-driven pipeline conversion; the bear case is that the sharp selloff signals investor skepticism about whether that pipeline converts to durable ARR growth in a softer software-spending environment.
May 21PTC Q2 FY26 earnings beat sent shares up ~9%; board authorized a new $2B buyback through fiscal 2028 and the U.S. Army adopted Windchill as its enterprise PLM platform.Positive▶
PTC reported fiscal Q2 2026 results on May 6, posting EPS of $2.69 vs. $2.13 expected and revenue of $774.3M vs. $722.5M expected, driving shares up about 8-9% the following session. Constant-currency ARR reached $2.388B, up 8.5% YoY excluding Kepware/ThingWorx, and free cash flow grew 14% YoY above guidance. The board approved a new $2 billion share repurchase program effective October 1, 2026 through fiscal 2028, and management raised full-year 2026 guidance. The U.S. Army adopted PTC's Windchill platform as its official enterprise product data and lifecycle management system, validating PTC's defense traction. PTC also said it plans to nearly double AI product releases in 2026, including its first AI-native products. Risk: ARR of $2.36B reportedly missed an analyst projection of $2.48B in one note, and execution on AI roadmap remains a watch item.
May 20PTC launched Onshape Direct Altium Integration on May 12 and a global Startups Program on May 13 following Q2 beat.Positive▶
On May 12, 2026, PTC's Onshape introduced Direct Altium Integration to streamline ECAD-MCAD collaboration, and on May 13 PTC expanded its for Startups Program globally to give early-stage companies free access to professional product development tools. These follow Q2 2026 results on May 6 where PTC posted EPS of $2.69 vs $2.13 estimate on revenue of $774.3M (vs $722.5M est), with constant-currency ARR up 8.5% YoY. Baird raised its price target to $198 from $194, with BMO, RBC, and Barclays issuing positive ratings. The Board approved a $2B share repurchase program effective October 2026 through fiscal 2028. Risk: PTC must execute on the doubling of AI product releases planned for 2026.
May 19PTC beat fiscal Q2 2026 with EPS $4.98 and revenue $774M; Baird raised PT to $198, Barclays to $185, and PTC expanded global startup programPositive▶
PTC reported fiscal Q2 2026 results on May 6, with revenue of $774 million and adjusted EPS of $4.98, both topping guidance. Constant-currency ARR grew 8.5% YoY to $2.388 billion (high end of guidance), and free cash flow rose 14% YoY. The company repurchased $250M of stock as planned plus $375M in accelerated buybacks from divestiture proceeds, and the board authorized a new $2B repurchase program effective Oct 1, 2026 through FY2028. Baird raised its price target to $198 from $194 and Barclays to $185 from $180. On May 13, PTC also expanded its for Startups Program globally to provide free CAD tools to early-stage companies, and on May 12 announced Onshape Direct Altium Integration.
May 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 15PTC Q2 EPS beats by $0.56 to $2.69; announces $2B share buyback through Sept 2028; Baird raises PT to $198Positive▶
PTC reported Q2 FY2026 results on May 6 with EPS of $2.69 beating $2.13 estimates by $0.56 and revenue of $774.3M beating estimates by $51.7M, up 22% YoY. ARR grew 8.5% in constant currency, non-GAAP operating margin rose to 53%, and free cash flow grew 14% to $318M. The Board authorized a new $2.0B share repurchase program running October 2026 through September 2028, with $1.225-$1.325B expected in FY26. Baird raised PT to $198 from $194 on May 7. Recent wins include U.S. Army selecting Windchill as official PLM platform and Hamilton Medical adopting Codebeamer. PTC plans to nearly double AI product releases in 2026. Risk: macro uncertainty in industrial software spend.
May 14PTC expanded its global startup program on May 13, offering free Onshape, Creo+, and Codebeamer+ access, on the heels of a Q2 FY26 beat and a new $2B buyback.Positive▶
On May 13, 2026, PTC opened its Startups program globally, granting qualifying early- and growth-stage companies free five-user access to Onshape CAD/PDM, Creo+ SaaS CAD, and Codebeamer+ ALM - a go-to-market move to widen its design-software funnel. The expansion follows PTC's May 6 Q2 FY26 results: revenue of $774.3M (up 22% YoY), non-GAAP operating margin 53%, GAAP EPS $4.98 (boosted by a Kepware/ThingWorx sale gain), and non-GAAP EPS up 50% to $2.69. Management raised FY26 guidance and authorized a new $2.00B share-repurchase program through September 30, 2028. Recent strategic wins include the U.S. Army adopting Windchill as official PLM and Hamilton Medical selecting Codebeamer. The stock is up ~6.8% since the print, trading near $146.
May 13PTC posted blowout fiscal Q2 2026 results on May 6 (EPS $2.69 vs $2.11 est) and authorized a new $2B share repurchase program through fiscal 2028.Positive▶
PTC reported fiscal Q2 2026 non-GAAP EPS of $2.69 vs. consensus $2.11 (50% YoY EPS jump) and revenue of $774.3M vs. $722.5M expected, with ARR up 8.5% in constant currency. Adjusted operating margin expanded 600 bps YoY to 53%, and free cash flow grew 14% YoY above guidance. The board authorized a new $2 billion share repurchase program through fiscal 2028, and management raised full-year revenue and EPS guidance. PTC plans to nearly double its AI product releases in 2026 vs. 2025, introducing the first AI-native products. Analysts raised PTs across the board: Baird to $198 from $194, Citi to $155 from $146, and Barclays to $185 from $180. Risk: divestitures of Kepware/ThingWorx narrow the product surface area.
May 12No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| PTCPTC | $114.69 | -1.92% | +10.3% | 14.4x | 0.99 | $14.4B |
| ORCLORACLE | $184.72 | +0.65% | -11.0% | 12.8x | 1.71 | $404.0B |
| PLTRPALANTIR | $128.65 | -1.52% | +13.9% | 61.7x | 1.56 | $310.0B |
| APPAPPLOVIN | $469.95 | -1.99% | +13.4% | 24.3x | 2.48 | $177.1B |
| CRMSALESFORCE | $151.46 | -2.30% | +8.7% | 10.7x | 1.18 | $136.0B |
| CDNSCADENCE | $387.46 | -0.55% | +0.2% | 39.7x | 1.15 | $102.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.