PTC
PTC Inc.174.28
-0.79-0.45%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Q&A boosts deferred ARR confidence
Q&A drilled into deferred ARR visibility, confirming triple the Q4 2026 ramp versus last year and double for 2027—all contractually committed with tight sales-customer success linkage quelling past PTSD. Competitive displacements accelerated alongside expansions driving Windchill and Creo growth, while new logos default to cloud and SaaS conversions yield 1.5-2.5x ARR lift. AI embeds thrill customers but remain immaterial economically for now. ServiceMax shows cross-sell green shoots amid residual churn. Management stayed bullish across tough macro. Deferred ARR delivers.
Key Stats
Market Cap
20.88BP/E (TTM)
28.66Basic EPS (TTM)
6.08Dividend Yield
0%Recent Filings
8-K
Shareholders approve directors, pay
PTC shareholders at the February 11, 2026 annual meeting elected all eight directors—Neil Barua, Mark Benjamin, Robert Bernshteyn, Janice Chaffin, Michal Katz, Corinna Lathan, James Lico, and Trac Pham—with over 98% support for most, though Chaffin drew notable withheld votes. Say-on-Pay passed with 97.6 million for versus 8.1 million against. PwC ratified as 2026 auditor by 98.5 million votes. Directors locked in.
10-Q
Q1 FY2026 results
PTC crushed Q1 FY2026 ended December 31, 2025, with revenue up 21% y/y to $686M on license surge (56% y/y to $270M) and recurring strength (25% y/y to $657M), while PLM (63% of revenue) and CAD grew 27% and 20% y/y. Operating income soared 91% y/y to $221M at 32% margin, diluted EPS doubled to $1.39 (reconciles to 119,989 diluted shares), fueled by higher renewals yet tempered by $11M G&A from divestiture costs. Cash from operations hit $270M, FCF $267M after minimal capex; $1.2B debt steady with $995M revolver availability. Kepware/ThingWorx held for sale at $600M cash target, closing by April 2026. Share repurchases aggressive at $200M. Competition shadows recurring growth.
8-K
Q1 ARR up 8.4%, cash flow strong
PTC Inc. reported Q1 FY'26 results on February 4, 2026, with constant currency ARR up 8.4% to $2,500 million—9.0% excluding Kepware and ThingWorx. Revenue hit $686 million, up 21%, while non-GAAP EPS soared 75% to $1.92; operating cash flow grew 13% to $270 million. Repurchased $200 million in shares. Cash flows beat guidance. FY'26 ARR outlook holds at 7-9% growth amid divestiture costs.
8-K
PTC appoints new CFO
PTC Inc. named Jennifer DiRico as EVP and CFO effective January 1, 2026, succeeding Kristian Talvitie, whose service ends December 31, 2025—no disagreements noted. DiRico, lately CFO at Commvault, gets $575,000 salary and bonus, $255,000 signing bonus, and $11M in RSUs vesting through 2028. Leadership transitions smoothly. PTC reaffirmed FY26 and Q1 guidance.
10-K
FY2025 results
PTC crushed FY25 ended September 30, 2025, with revenue up 19% to $2.7B and ARR hitting $2.48B, a 10% jump, fueled by longer, higher-value contracts in PLM and CAD segments. License revenue soared 44% on upfront on-premises subscription recognition, boosting operating margin to 36% from 26% while non-GAAP EPS doubled to $7.94. Q4 saw 356k shares repurchased at ~$210, wrapping $300M annual buybacks amid $868M operating cash flow. Debt trimmed to $1.2B. Kepware/ThingWorx sale looms for more repurchases. Intense competition threatens SaaS momentum.
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