PTC IncNasdaq: PTC
Information Technology · Application Software
$114.72
-21.34%
Vol: 2.0M
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 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.
May 11PTC Inc Q2 FY26 beat: EPS $2.69 vs $2.13 est, revenue $774M, ARR up 8.5%, raised full-year guidance amid AI push.Positive▶
PTC reported Q2 FY26 results on May 6, beating with EPS of $2.69 (vs $2.13 estimate) and revenue of $774.3M (vs $722.5M estimate). ARR excluding divestitures reached $2.388B, up 8.5% YoY at the high end of guidance. Operating cash flow rose 14% to $321M; free cash flow of $318M exceeded the $310-315M guide. PTC raised full-year revenue guidance to $2.58-$2.82B and non-GAAP EPS to $6.65-$8.90. Adjusted operating margin expanded 600bps to 53%. Management cited momentum in its AI-enabled product portfolio. Risk: high valuation requires sustained ARR acceleration.
May 8Q2 EPS $2.69 beat $2.13 by $0.56, revenue $774M beat, FY26 EPS guidance raised to $6.65-$8.90Positive▶
PTC reported strong Q2 2026 results with EPS of $2.69, beating consensus $2.13 by $0.56 (26% beat), and revenue of $774.3 million. Delivered 8.5% constant currency ARR growth and 21.7% YoY revenue growth following divestitures of Kepware and ThingWorx. Company increased full-year revenue and EPS guidance; FY 2026 EPS guidance raised to $6.65-$8.90. Board authorized new $2 billion share repurchase program through fiscal 2028. Plans to nearly double AI product releases in 2026 vs 2025.
May 7Q2 FY2026 EPS $2.69 beats; ARR $2.388B up 8.5% YoY; raised FY2026 guidance on AI momentumPositive▶
PTC reported Q2 FY2026 EPS of $2.69, beating forecast of $2.10, with revenue of $774M beating $712M estimate. Annual Recurring Revenue (ARR) grew 8.5% YoY to $2.388B. Company completed sale of Kepware and ThingWorx IoT businesses to TPG affiliate. Raised FY2026 revenue guidance to $2.58-2.82B and non-GAAP EPS to $6.65-8.90. AI focus driving momentum with customers modernizing product data foundations for AI application and PTC establishing AI as intelligence layer for enterprise transformation. Accelerated $375M share repurchase program (Mar 17) receiving 1.9M shares upfront; expects $1.225-1.325B total FY26 repurchases. Army designated Windchill PLM as enterprise PDM/PLM solution.
May 6PTC reports strong Q1 with 75% EPS growth; launches Windchill AI Assistant and completes $523M Kepware/ThingWorx sale to TPGPositive▶
PTC Inc. reported impressive Q1 fiscal 2026 results with non-GAAP EPS growth of 75% YoY and announced strong Q2 guidance of $710-770M revenue with EPS of $1.93-2.54. On April 28, the company launched Windchill AI Assistant, integrating generative AI into its flagship PLM platform via natural language chat. The company completed sale of Kepware industrial connectivity and ThingWorx IoT assets to TPG for $523M cash proceeds (net $375M after tax), unlocking strategic capital for M&A and buybacks. PTC plans $250M share repurchases in Q2 with strong free cash flow guidance of $310-315M. ARR growth continues as solid pipeline conversion and deal momentum improve. Citi cut price target to $146 from $166 on April 29 but 10 analysts maintain average Buy rating with $182.30 consensus target (32.5% upside). Company named U.S. Army's official enterprise PDM solution, reinforcing market leadership.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| PTCPTC | $114.72 | -21.34% | -20.3% | 13.3x | 0.97 | $13.3B |
| ORCLORACLE | $191.68 | +1.01% | +3.2% | 17.6x | 1.66 | $554.0B |
| PLTRPALANTIR | $134.61 | -2.04% | -0.3% | 64.8x | 1.51 | $322.9B |
| APPAPPLOVIN | $520.52 | +7.13% | +5.8% | 23.8x | 2.46 | $175.0B |
| CRMSALESFORCE | $164.51 | -6.70% | -8.3% | 10.6x | 1.15 | $134.8B |
| CDNSCADENCE | $394.07 | +9.93% | +14.0% | 42.0x | 1.15 | $108.8B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price below 200d MA — bearish structure.