PTC (NASDAQ:PTC) Issues Q3 2026 Earnings Guidance

PTC (NASDAQ:PTC) updated its third quarter 2026 earnings guidance on Wednesday. The company provided EPS guidance of 1.240-1.780 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

A number of analysts have recently issued reports on PTC shares. Rosenblatt Securities restated a “buy” rating and set a $190.00 target price on shares of PTC in a research note on Tuesday. Weiss Ratings lowered shares of PTC from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Mizuho cut their price objective on shares of PTC from $180.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. BMO Capital Markets reduced their price objective on PTC from $219.00 to $189.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Finally, JPMorgan Chase & Co. downgraded PTC from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $205.00 to $162.00 in a research report on Monday, February 2nd. Ten equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $176.54.

PTC Trading Down 2.4%

PTC stock opened at $144.15 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.22. The company’s 50-day simple moving average is $146.29 and its 200 day simple moving average is $163.60. PTC has a 52 week low of $130.89 and a 52 week high of $219.69. The company has a market capitalization of $17.15 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 2.38 and a beta of 0.98.

PTC (NASDAQ:PTC) last issued its quarterly earnings data 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 analysts’ expectations of $712.40 million. PTC had a net margin of 41.81% and a return on equity of 26.07%. The business’s revenue was up 21.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.79 EPS. PTC has set its FY 2026 guidance at 6.650-8.900 EPS and its Q3 2026 guidance at 1.240-1.780 EPS. As a group, sell-side analysts anticipate that PTC will post 6.13 earnings per share for the current year.

Insider Activity at PTC

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

Key Headlines Impacting PTC

Here are the key news stories impacting PTC this week:

• Positive Sentiment: Q2 beat on top and bottom line — PTC reported non‑GAAP EPS of $2.69 (vs. ~$2.06 consensus) and revenue of $774.3M, ahead of estimates; quarterly results showed ~22% revenue growth year‑over‑year and strong margins. Read More.
• Positive Sentiment: Raised FY26 guidance and large repurchase program — Management raised FY26 revenue and non‑GAAP EPS guidance (FY26: $2.58B–$2.82B; EPS: $6.65–$8.90) and signaled heavy buybacks (~$625M in Q2; $1.225B–$1.325B target for FY26 plus a new $2B authorization for FY27–FY28), which increases near‑term cash return to shareholders. Read More.
• Positive Sentiment: AI-driven product demand and ARR strength — Management highlighted AI-led product modernization driving stronger constant‑currency ARR growth (8.5% ex‑divestitures) and improved operating/free cash flow (~14% y/y), supporting sustainable subscription growth. Read More.
• Neutral Sentiment: Mixed guidance bands — Q3 and FY26 guidance are ranges that include below‑consensus and above‑consensus outcomes (Q3 EPS range 1.24–1.78; market will watch execution vs. midpoints). Investors should monitor guidance cadence and ARR trajectory. Read More.
• Negative Sentiment: Fund and insider selling pressure noted — recent 13F filings showed some institutional trimming (e.g., Robeco reduced PTC position) and public filings show insider sales activity, which could cap upside if sustained. Also, at least one large bank has an underweight on the name. Read More.

Institutional Investors Weigh In On PTC

Several institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp increased its holdings in PTC by 5.6% in the 4th quarter. State Street Corp now owns 5,905,645 shares of the technology company’s stock valued at $1,028,822,000 after buying an additional 312,000 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of PTC by 1.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,025,046 shares of the technology company’s stock worth $526,994,000 after acquiring an additional 41,240 shares during the period. Standard Investments LLC boosted its position in shares of PTC by 14.3% during the 4th quarter. Standard Investments LLC now owns 1,812,500 shares of the technology company’s stock worth $315,756,000 after acquiring an additional 226,500 shares in the last quarter. Invesco Ltd. boosted its position in shares of PTC by 26.8% during the 4th quarter. Invesco Ltd. now owns 1,710,141 shares of the technology company’s stock worth $297,924,000 after acquiring an additional 361,038 shares in the last quarter. Finally, Northern Trust Corp increased its stake in PTC by 2.6% in the third quarter. Northern Trust Corp now owns 1,379,890 shares of the technology company’s stock valued at $280,145,000 after acquiring an additional 34,663 shares during the last quarter. 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.