PTC Inc. (PTC)
NASDAQ:PTC
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1.59Last Year’s EPS
1.64Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple positive operational and financial trends: ARR growth at the high end of guidance (8.5% YoY), 14% YoY cash flow growth, raised revenue and EPS guidance, aggressive share repurchases, and clear momentum from AI-driven modernization and product releases. Management highlighted measurable go-to-market improvements, higher-quality pipeline, and several displacement/customer wins across PLM, CAD, ALM and SLM. Offsetting these positives are familiar risks: macro uncertainty, comparability challenges from the divestiture, early-stage AI monetization (expected to ramp over time), and dependence on deferred ARR plus strong H2 execution to achieve full-year targets. Overall, the positives and concrete progress materially outweigh the listed risks, though several execution and macro caveats remain.Company Guidance
ARR Growth at High End of Guidance
Constant currency ARR (excl. Kepware and ThingWorx) reached $2.388 billion, up 8.5% year-over-year, reported at the high end of guidance.
Strong Cash Flow Performance
Operating cash flow and free cash flow both grew 14% year-over-year in Q2; free cash flow exceeded guidance. Fiscal '26 free cash flow guidance is $850 million (baseline $950 million excluding $100 million of non-recurring items). Q3 FCF guidance $240 million to $245 million.
Share Repurchases and Capital Return
Repurchased $250 million of common stock in Q2 and deployed $375 million net after-tax proceeds from divestiture into an accelerated share repurchase; expect ~ $250 million additional repurchases in Q3 and $1.225 billion to $1.325 billion of repurchases for the full year. Board authorized a new $2 billion share repurchase program effective Oct 1, 2026 through FY2028. Fully diluted share count expected to decline to ~115–116 million vs 120 million in Q3 '25.
Raised Revenue and EPS Guidance
Fiscal '26 revenue guidance raised to $2.58 billion–$2.82 billion and non-GAAP EPS guidance raised to $6.65–$8.90, reflecting Q2 upside and recent currency moves.
Second-Half ARR and Q3 Guidance
Fiscal '26 constant currency ARR (excl. Kepware & ThingWorx) guidance maintained at ~7.5%–9.5% growth; midpoint implies $195 million net new ARR for the year. Q3 ccARR growth expected ~8%–9% corresponding to $40 million–$55 million net new ARR. Management expects net new ARR to grow in Q3 and a more significant step-up in Q4.
AI Product Momentum and Roadmap
PTC nearly doubled AI releases in 2026 versus 2025 (8 AI releases in prior year, ~14 additional in 2026 noted) and plans first AI-native product release in June; management cites tangible customer wins tied to AI modernization (e.g., Windchill+ displacement at an automotive supplier, ServiceMax AI POC converting to 7-figure AI SKU).
Go-to-Market Transformation Showing Traction
Rep productivity and renewal rates improving; management reports a larger, higher-quality pipeline balanced across geographies, verticals and products. Progress reported in building deferred ARR for fiscal '27 and beyond.
Product and Market Wins
Notable customer wins and traction across portfolio: Windchill+ displacements, Onshape strength in robotics/automation, Codebeamer momentum (ALM), Arena cloud-native PLM traction, federal endorsement (U.S. Army PLM standard) and other displacement wins (e.g., Hamilton Medical, BMW).
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 |
|---|---|---|---|
May 06, 2026 | $136.76 | $147.65 | +7.96% |
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% |
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 Inc. (PTC) report earnings?
PTC Inc. (PTC) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is PTC Inc. (PTC) earnings time?
PTC Inc. (PTC) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is PTC EPS forecast?
PTC EPS forecast for the fiscal quarter 2026 (Q3) is 1.59.