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
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $686 mln | $637.006 mln (14 Analysts) |
Q1 Adjusted EPS | Beat | $1.92 | $1.56 (14 Analysts) |
Q1 EPS | $1.39 | ||
Q1 Operating Margin | 32.00% |
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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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)