PTC (NASDAQ:PTC) Issues Q3 2026 Earnings Guidance

PTC (NASDAQ:PTC) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.240-1.780 for the period, compared to the consensus earnings per share estimate of 1.600. The company issued revenue guidance of $580.0 million-$640.0 million, compared to the consensus revenue estimate of $620.7 million. PTC also updated its FY 2026 guidance to 6.650-8.900 EPS.

PTC Trading Down 0.6%

Shares of PTC stock traded down $0.79 on Wednesday, hitting $136.76. 4,086,573 shares of the company’s stock traded hands, compared to its average volume of 1,171,277. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.22. PTC has a one year low of $130.89 and a one year high of $219.69. The company’s fifty day simple moving average is $146.69 and its 200 day simple moving average is $164.45. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.40 and a beta of 0.98.

PTC (NASDAQ:PTC) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.63. The business had revenue of $774.30 million during the quarter, compared to the consensus estimate of $712.40 million. PTC had a net margin of 28.86% and a return on equity of 24.63%. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. Equities analysts forecast that PTC will post 6.13 EPS for the current year.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Mizuho lowered their price target on shares of PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, March 23rd. Stifel Nicolaus set a $180.00 price target on shares of PTC in a research note on Thursday, February 5th. Barclays assumed coverage on shares of PTC in a research note on Tuesday, March 17th. They issued an “overweight” rating and a $180.00 price target for the company. BMO Capital Markets lowered their price target on shares of PTC from $219.00 to $189.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Finally, Royal Bank Of Canada lowered their price target on shares of PTC from $235.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $180.54.

Insider Activity

In other news, EVP Staats Aaron C. Von sold 240 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $161.10, for a total transaction of $38,664.00. Following the completion of the transaction, the executive vice president directly owned 22,221 shares of the company’s stock, valued at approximately $3,579,803.10. This represents a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Corinna Lathan sold 675 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $157.24, for a total transaction of $106,137.00. Following the transaction, the director directly owned 8,429 shares of the company’s stock, valued at approximately $1,325,375.96. This trade represents a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

PTC News Roundup

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Strong Q2 results: PTC reported Q2 FY’26 EPS of $2.69 vs. consensus $2.06 and revenue of $774.3M vs. $712.4M expected — a clear beat that signals healthy revenue and margin performance. PR Newswire: Q2 Results
• Positive Sentiment: Profitability & cash flow: Management reported ~14% operating and free cash flow growth, 28.9% net margin and 24.6% ROE — metrics that support valuation and buyback activity. PR Newswire: Q2 Results
• Positive Sentiment: Large buyback program: PTC used ~ $625M for repurchases in Q2, is targeting $1.225B–$1.325B for FY’26 and approved a new $2B repurchase authorization for FY’27–’28 — supports EPS accretion and shareholder returns. PR Newswire: Q2 Results / Buybacks
• Positive Sentiment: Enterprise contract win: The U.S. Army designated PTC’s Windchill PLM as its official enterprise PDM/PLM solution — a strategic, high?visibility win that can drive multi?year revenue and credibility in government/defense. PR Newswire: Windchill / U.S. Army
• Positive Sentiment: Customer expansion: Hamilton Medical selected PTC’s Codebeamer to replace legacy ALM systems and expand collaboration with Windchill — a multi?year commercial adoption that strengthens vertical market momentum. PR Newswire: Codebeamer / Hamilton Medical
• Positive Sentiment: Analyst backing: Rosenblatt reaffirmed a “buy” with a $190 price target, providing an upside catalyst if sentiment improves. Benzinga: Rosenblatt Rating
• Neutral Sentiment: Underlying momentum and expectations: Previews and analyst notes (Zacks, media previews) emphasized double?digit revenue and EPS growth expectations, strong ARR momentum and expanding AI capabilities — supportive but forward?looking. Zacks: Q2 Preview
• Neutral Sentiment: Local subsidiary housekeeping: PTC India Financial Services reported a clean audit and board clearance of accounts — routine corporate housekeeping with limited market impact. TipRanks: PTC India Audit

Hedge Funds Weigh In On PTC

Several hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC raised its stake in shares of PTC by 3.1% during the first quarter. Empowered Funds LLC now owns 2,498 shares of the technology company’s stock valued at $387,000 after acquiring an additional 75 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of PTC by 34.4% during the first quarter. Geneos Wealth Management Inc. now owns 297 shares of the technology company’s stock valued at $46,000 after acquiring an additional 76 shares during the last quarter. Meeder Advisory Services Inc. increased its position in shares of PTC by 4.0% during the fourth quarter. Meeder Advisory Services Inc. now owns 2,100 shares of the technology company’s stock valued at $366,000 after buying an additional 81 shares during the period. Guggenheim Capital LLC increased its position in shares of PTC by 2.1% during the fourth quarter. Guggenheim Capital LLC now owns 4,068 shares of the technology company’s stock valued at $709,000 after buying an additional 82 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of PTC by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 26,367 shares of the technology company’s stock valued at $4,544,000 after buying an additional 87 shares during the period. 95.14% of the stock is owned by institutional investors.

About PTC

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.