Software firm PTC beats Q1 revenue estimates

Overview

• Software company's fiscal Q1 revenue grew 21%, beating analyst expectations

• Adjusted EPS for fiscal Q1 beat analyst expectations

• Company repurchased $200 mln of shares in Q1 under $2 bln authorization

Outlook

• PTC expects FY26 revenue between $2.675 bln and $2.940 bln

• Company projects FY26 EPS of $4.42 to $6.93

• PTC plans to repurchase $1.115 bln to $1.315 bln of shares in FY26

Result Drivers

• STRATEGIC DEALS - Large deal volume and competitive displacements drove revenue growth, per CEO Neil Barua

• AI INTEGRATION - Embedding AI across portfolio to drive customer adoption and value

• GO-TO-MARKET TRANSFORMATION - Strong demand capture from go-to-market transformation, per CEO Neil Barua

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for PTC Inc is $214.50, about 43.7% above its February 3 closing price of $149.25

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nPn4MPJYDa

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