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PTC (PTC)
NASDAQ:PTC
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.18Last Year’s EPS
1.79Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple positive operating and financial developments — healthy ARR growth (9% ex-divestitures), 13% YoY free cash flow growth, raised revenue and EPS guidance, record deferred ARR and large deal activity, accelerating AI/product momentum, and an aggressive buyback program. Key concerns include ServiceMax churn carryover, back-end loaded ARR conversion timing (Q4 weighting) which creates short-term seasonality and implementation timing risk, and one-time divestiture costs and cash outflows. Overall, the positives around demand capture, cash generation, product/AI progress, and capital return outweigh the near-term timing and divestiture challenges.Company Guidance
Strong ARR Growth
Constant currency ARR excluding Kepware and ThingWorx reached $2.341B, up 9% year-over-year; including Kepware and ThingWorx ARR was $2.5B, up 8.4% year-over-year.
Free Cash Flow and Cash Generation
Q1 free cash flow was $267M (included $10M of divestiture costs) and free cash flow and operating cash flow both grew 13% year-over-year; company reiterates expectation of ~ $1.0B free cash flow for fiscal 2026.
Share Repurchases and Capital Return
Repurchased $200M of common stock in Q1; plan to repurchase ~ $250M in Q2 and $150M–$250M per quarter in Q3–Q4; management expects to buy back approximately $1.1B–$1.3B of common stock in fiscal 2026 including ~ $365M net after-tax proceeds from the Kepware and ThingWorx divestiture.
Raised Revenue and EPS Guidance
Fiscal 2026 revenue guidance increased to $2.675B–$2.94B and non-GAAP EPS guidance raised to $6.69–$9.15, reflecting Q1 results above the prior guidance high end.
Record Deferred ARR and Demand Capture
Company reported record deferred ARR under contract and a record-setting Q1 for large deal volume and competitive displacements; management noted deferred ARR for Q4 is ~3x last year’s starting level and deferred ARR for 2027 is ~2x prior-year comparable.
Improving Sales Productivity and Go-to-Market Execution
Increased seller capacity and improved quota attainment; ramping reps more than doubled productivity year-over-year due to territory rebalancing, enablement, and vertical focus.
Product and AI Momentum
Multiple product releases and AI integrations: CodeBeamer 3.2 (Dec), CodeBeamer AI (Dec), Windchill UI update (Oct), Windchill AI parts rationalization (Jan); deeper integrations (Creo-Windchill, Windchill with CodeBeamer/ServiceMax/Onshape) and a common AI infrastructure underway.
Divestiture Progress and Balance Sheet Planning
Divestiture of Kepware and ThingWorx progressing on track to close on or before April 1; management expects net after-tax proceeds of ~ $365M and has outlined related cash outflows.
PTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $151.34 | $153.94 | +1.72% |
Nov 05, 2025 | $189.97 | $173.93 | -8.44% |
Jul 30, 2025 | $202.51 | $214.81 | +6.07% |
Apr 30, 2025 | $154.97 | $156.34 | +0.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does PTC (PTC) report earnings?
PTC (PTC) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is PTC (PTC) earnings time?
PTC (PTC) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PTC EPS forecast?
PTC EPS forecast for the fiscal quarter 2026 (Q2) is 2.18.