PTC Inc. (PTC)
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
$141.02-6.04%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-09-04
Intact: The reason to own it still holds.
PTC grows revenue about 22% year over year, driven by its Intelligent Product Lifecycle vision. The company guides revenue near $2.8 billion and EPS around $8.46 for fiscal 2026. It is actively buying back shares, spending $625 million in Q2 toward a $1.225-$1.325 billion target. Profitability is solid with recent strong earnings beats.
The recent sharp selloff shows investor concern despite beats. Analysts expect revenue to decline about 3% next year. The company’s growth may slow, and buybacks might not offset valuation pressure. Profit margins and cash flow could weaken under market stress.
The price is about 46% below our fair value near $232, reflecting a cautious view. Analysts expect about -3% revenue growth, while we see potential for continued growth but acknowledge risks from recent market weakness.
Breaks if: EPS falls below $7.21 in FY26
Breaks if: free cash flow falls below $850 million in FY26
Breaks if: revenue falls below $2.58 billion in FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on growth through its Intelligent Product Lifecycle vision. The current thesis state is intact, although recent earnings performance has created some uncertainty.
The market currently prices PTC as cheap compared to its peers, with a notable expectations gap. This suggests that investors may not be fully accounting for the company's growth potential and recent financial discipline.
Fundamentals are likely to remain stable, supported by management's focus on growth and disciplined financial guidance. However, there is a near-term risk of earnings misses, given the company's recent performance and industry trends.
The long-term thesis hinges on management's ability to maintain growth momentum and execute its share repurchase program. Additionally, external factors such as potential Fed rate cuts and performance from sector leaders could significantly influence PTC's trajectory.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. PTC Inc. raised its fiscal 2026 revenue guidance to $2.69 billion - $2.75 billion. The company also increased its constant-currency ARR growth outlook to 9% - 9.5%. These updates suggest higher expectations for revenue and growth moving forward.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
PTC is focusing on its Intelligent Product Lifecycle vision to drive growth and customer engagement.
Breaks if: buybacks fall significantly short of $1.225 billion in FY26
Over the next 1 to 3 years, PTC's performance will depend on its execution of strategic priorities and broader market conditions. Not investment advice.