PTC beats Q2 revenue estimates; announces $2 bln buyback

PTC

06/05/2026 21:12

Overview

Global industrial software provider's fiscal Q2 revenue grew 22% yr/yr, beating analyst expectations

Adjusted EPS for fiscal Q2 beat consensus, driven by execution of Intelligent Product Lifecycle strategy

Company repurchased $625 mln shares in Q2 and announced new $2 bln buyback for FY27-FY28

Outlook

PTC sees FY26 revenue at $2.58 bln to $2.82 bln

Company expects FY26 non-GAAP EPS of $6.65 to $8.90

PTC targets FY26 constant currency ARR growth of 7.5% to 9.5%

Result Drivers

AI MOMENTUM - Co said growing customer interest in AI is driving business momentum

GO-TO-MARKET TRANSFORMATION - Co said its go-to-market transformation continues to gain traction

DIVESTITURE IMPACT - Co noted year-over-year comparisons are affected by the sale of Kepware and ThingWorx businesses

Company press release: ID:nPn4FswDZa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$774 mln
$715.39 mln (17 Analysts)
Q2 Adjusted EPS
Beat
$2.69
$2.11 (17 Analysts)
Q2 EPS
$4.98
Q2 Operating Margin
38.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "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 $189.00, about 37.4% above its May 5 closing price of $137.55

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)