NASDAQInformation TechnologySoftware - ApplicationSnapshot 2026-08-31
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Create your account →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 cautious, as recent financial performance has shown mixed results.
The market currently prices PTC as cheap compared to its peers, with an expectations gap indicating that some negative sentiment may be priced in. The valuation reflects a low fragility tier, suggesting that the stock is not overly sensitive to immediate market changes.
Fundamentals are likely to remain stable, with management executing on their share repurchase program and maintaining disciplined financial guidance. However, there is a near-term risk of missing earnings, as the company has a history of consecutive misses and faces pressure from industry peers.
The thesis hinges on management's ability to drive growth through their strategic vision and the performance of sector bellwethers like SAP, CRM, and NOW. Positive momentum in these companies could support PTC, while any negative guidance from them could impact PTC's outlook.
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 improved expectations for revenue and growth moving forward.
as of 2026-08-31
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
Overall, PTC's multi-year view is cautious due to mixed recent performance and sector challenges. Not investment advice.
