PTC (NASDAQ:PTC) Releases Earnings Results, Beats Expectations By $0.33 EPS

PTC (NASDAQ:PTC) issued its earnings results on Wednesday. The technology company reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.33, FiscalAI reports. PTC had a return on equity of 24.63% and a net margin of 28.86%.The firm had revenue of $685.83 million for the quarter, compared to analyst estimates of $635.44 million. During the same period in the previous year, the company posted $1.10 earnings per share. The business’s revenue was up 21.4% on a year-over-year basis. PTC updated its Q2 2026 guidance to 1.930-2.540 EPS.

Here are the key takeaways from PTC’s conference call:

• PTC reported a solid Q1 with constant?currency ARR up ~9% excluding Kepware/ThingWorx and free cash flow +13% (Q1 FCF $267M, which included ~$10M of divestiture costs); management raised FY26 revenue and non?GAAP EPS guidance and reiterated a ~ $1.0B free cash flow target for the year.
• The company is accelerating its product and AI roadmap — including Codebeamer AI and Windchill AI Parts Rationalization plus a common AI infrastructure — and says customers prefer AI embedded into trusted systems of record, which PTC positions as a long?term differentiator.
• PTC highlighted a record level of deferred ARR under contract (management says Q4 FY26 deferred ARR is ~3x last year’s Q4), and expects much of that demand capture to begin converting to ARR in Q4 FY26 and to ramp in FY27–FY28, though timing depends on customer implementation schedules.
• The Kepware and ThingWorx divestiture remains on track to close on or before April 1, with expected net after?tax proceeds of ~ $365M (offset by ~ $160M of one?time cash outflows this year), and PTC plans to return capital — increasing share buybacks to roughly $1.1B–$1.3B in FY26 including the divestiture proceeds.

PTC Stock Up 2.6%

PTC stock traded up $4.02 during midday trading on Monday, hitting $159.74. The company’s stock had a trading volume of 1,291,924 shares, compared to its average volume of 1,094,381. The company has a market cap of $19.01 billion, a PE ratio of 23.32, a P/E/G ratio of 2.61 and a beta of 1.03. The firm’s 50-day moving average is $169.69 and its 200-day moving average is $189.38. PTC has a 12 month low of $133.38 and a 12 month high of $219.69. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Rosenblatt Securities cut their price target on shares of PTC from $220.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings cut PTC from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Wall Street Zen cut PTC from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada lowered their price objective on PTC from $235.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Stifel Nicolaus set a $180.00 target price on shares of PTC in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $188.08.

Insider Buying and Selling at PTC

In other news, EVP Kristian Talvitie sold 50,291 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $173.14, for a total value of $8,707,383.74. Following the transaction, the executive vice president directly owned 12,386 shares in the company, valued at $2,144,512.04. This trade represents a 80.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Staats Aaron C. Von sold 6,328 shares of PTC stock in a transaction on Monday, December 8th. The stock was sold at an average price of $174.79, for a total value of $1,106,071.12. Following the completion of the sale, the executive vice president directly owned 22,461 shares of the company’s stock, valued at $3,925,958.19. The trade was a 21.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,277 shares of company stock worth $10,624,076 over the last ninety days. 0.29% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PTC

Institutional investors have recently bought and sold shares of the business. Quarry LP boosted its stake in PTC by 86.2% during the third quarter. Quarry LP now owns 203 shares of the technology company’s stock worth $41,000 after buying an additional 94 shares during the period. Geneos Wealth Management Inc. grew its holdings in PTC by 34.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after purchasing an additional 76 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in PTC in the 2nd quarter worth about $61,000. Larson Financial Group LLC lifted its stake in PTC by 18.3% in the third quarter. Larson Financial Group LLC now owns 570 shares of the technology company’s stock worth $116,000 after purchasing an additional 88 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of PTC by 68.7% during the second quarter. EverSource Wealth Advisors LLC now owns 705 shares of the technology company’s stock valued at $121,000 after buying an additional 287 shares during the period. Hedge funds and other institutional investors own 95.14% of the company’s stock.

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.