PTC raises FY26 guidance for ARR, revenue and EPS, maintains cash flow guidance
Company expects FY26 revenue of $2.69 bln to $2.75 bln
PTC projects FY26 EPS of $8.46 to $9.18
Overview
U.S. industrial software firm's fiscal Q3 revenue declined and missed analyst expectations
Adjusted EPS for fiscal Q3 beat consensus
Company repurchased $525 mln of shares in Q3
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 9 "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 $177.50, about 39.2% above its July 28 closing price of $127.51
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 18 three months ago
Result drivers and key details
CUSTOMER ADOPTION - Co said improved demand capture and customer adoption contributed to Q3 performance
AI INTEREST - Co said growing customer interest in AI is influencing product strategy and customer conversations
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