PTC

AI Research

Q1 FY2026 ARR grows 8.4% → EPS surges 75% YoY on cloud-native CAD launch

PTC delivered strong Q1 FY26 results with 8.4% constant-currency ARR growth and a 75% year-over-year increase in non-GAAP EPS, backed by 13% free cash flow growth. The company launched a fully cloud-native Model-Based Definition capability for Onshape, expanding its product lifecycle management offerings. With 11 analyst Buy consensus and a $195 average price target, PTC is positioned for growth in industrial IoT and digital manufacturing.