Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
PTC ( (PTC) ) has shared an announcement.
PTC reported strong results for its second fiscal quarter ended March 31, 2026, with revenue up 22% year on year, constant-currency ARR excluding divested businesses up 8.5%, and operating and free cash flow each rising 14%, while GAAP EPS was boosted by a gain on the sale of its Kepware and ThingWorx businesses. Management emphasized that the divestitures have left PTC more focused on its Intelligent Product Lifecycle strategy, highlighted growing customer demand for AI-enabled solutions, reaffirmed full-year 2026 guidance, and detailed an aggressive capital return program, including about $625 million of repurchases in the quarter, a fiscal 2026 buyback target of roughly $1.2 billion to $1.3 billion, and board approval on May 4, 2026 for an additional $2 billion share repurchase authorization running from October 1, 2026 through September 30, 2028, effectively extending and expanding its prior authorization to September 30, 2026.
The most recent analyst rating on (PTC) stock is a Buy with a $190.00 price target. To see the full list of analyst forecasts on PTC stock, see the PTC Stock Forecast page.
Spark’s Take on PTC Stock
According to Spark, TipRanks’ AI Analyst, PTC is a Outperform.
The score is driven primarily by strong profitability and free-cash-flow generation, supported by constructive guidance and an aggressive capital return plan. Offsetting factors include a weak technical setup (price below key moving averages with negative MACD/soft RSI) and a valuation that looks somewhat demanding (P/E ~31) given steady—not rapid—top-line growth, plus some execution/timing risk around ARR conversion and post-divestiture transition.
To see Spark’s full report on PTC stock, click here.
More about PTC
PTC, based in Boston and listed on Nasdaq under the ticker PTC, operates in the software industry, focusing on product lifecycle management, industrial design, and related digital platforms. The company targets enterprises modernizing their product data and lifecycle processes, increasingly positioning its offerings as systems of record that support artificial intelligence-driven transformation across engineering and manufacturing operations.
Average Trading Volume: 1,163,466
Technical Sentiment Signal: Sell
Current Market Cap: $16.44B
See more insights into PTC stock on TipRanks’ Stock Analysis page.