Analyst Consensus ?
ConsensusHold31 ratings
Bullish1341.9%
Neutral1651.6%
Bearish26.5%
1 unmapped firm rating excluded from the percentages.
PTC Inc. · PTC · FY2025 Q1 · Calendar Q1 2025
PTC Maintains FY2025 Guidance as AI Rollout and GTM Shift Advance
PTC’s maintained FY2025 outlook and subscription-based model support the case for continued earnings growth, but the supplied analysis leaves the near-term trajectory dependent on execution of the go-to-market reorganization, AI launches, and ARR conversion.
Reported After market closeNASDAQTechnology
$20.96B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.91
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $557.7M
Revenue surprise
—
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-9.6%
Event window
SPY move
+0.3%
Same window
Abnormal move
-9.9%
Stock minus SPY
Volume
5.0×
Versus trailing sessions
Subsequent drift
-5.2%
Up to 20 sessions
PTCSPY benchmark
Ask FN2 about PTC FY2025 Q1
Transcript, numbers and history already loaded
What drove PTC's -9.6% move after FY2025 Q1 earnings?What changed in PTC's guidance and outlook in FY2025 Q1?Give me the bull and bear case for PTC after FY2025 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The quarter added evidence of early go-to-market momentum, a centralized AI development effort, a launched ServiceMax AI SKU, planned Codebeamer AI capabilities, and FedRAMP certification. Guidance was maintained rather than raised.
Guidance delta
Maintained: FY2025 ARR growth guidance remained 9–10% and free cash flow guidance remained $835–$850 million.
Key takeaways
- Q1 ARR and free cash flow met guidance despite a sluggish selling environment.
- Management said its vertical go-to-market transformation was showing early momentum.
- AI development is being consolidated across product lines, with ServiceMax AI launched and Codebeamer AI capabilities planned.
- ServiceMax received FedRAMP certification, expanding its addressable federal and aerospace and defense opportunities.
- The main execution questions are AI rollout, sales-force changes, ARR timing, and competitive pressure.
Management priorities
- Execute the vertical go-to-market strategy and expand the quota-carrying sales force
- Roll out AI capabilities across ServiceMax, Codebeamer, Windchill, Creo, and Onshape
- Pursue cross-selling between Windchill and Codebeamer
- Use FedRAMP certification to expand federal and aerospace and defense opportunities
- Continue product development and the planned FY2025 share repurchase
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Analyst 52W Price Targets
$193.06Current
$120Low
$186.78Average
$306High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 19, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Oppenheimer | Perform | Outperform | Downgrade | Oct 6, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Oct 6, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Oct 6, 2026 |
| BMO Capital | Market Perform | Outperform | Downgrade | Oct 6, 2026 |
| Rosenblatt | Neutral | Buy | Downgrade | Oct 5, 2026 |
| RBC Capital | Sector Perform | Outperform | Downgrade | Oct 5, 2026 |
| Loop Capital | Hold | Buy | Downgrade | Oct 5, 2026 |
| Keybanc | Overweight | Downgrade | Oct 5, 2026 | |
| JP Morgan | Neutral | Underweight | Upgrade | Oct 5, 2026 |
| Barclays | Equal Weight | Overweight | Downgrade | Oct 5, 2026 |
| Stifel | Buy | Buy | Maintain | Jul 30, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Jul 30, 2026 |
| Baird | Outperform | Outperform | Maintain | May 1, 2025 |
| Berenberg | Buy | Buy | Maintain | Jan 11, 2023 |
| Wolfe Research | Outperform | Outperform | Maintain | Aug 17, 2022 |
| Needham | Buy | Buy | Maintain | Dec 16, 2020 |
| Credit Suisse | Neutral | Neutral | Maintain | Oct 30, 2020 |
| Wedbush | Neutral | Neutral | Maintain | Jan 23, 2020 |
| Stifel Nicolaus | Hold | Hold | Maintain | Jan 23, 2020 |
| Guggenheim | Neutral | Buy | Downgrade | Jul 25, 2019 |
| Deutsche Bank | Buy | Buy | Maintain | Apr 25, 2019 |
| Bank of America | Underperform | Neutral | Downgrade | Apr 25, 2019 |
| B of A Securities | Underperform | Neutral | Downgrade | Apr 25, 2019 |
| Cowen & Co. | Outperform | Outperform | Maintain | Jul 9, 2018 |
| Goldman Sachs | Neutral | Neutral | Maintain | Jul 17, 2017 |
| Benchmark | Buy | Buy | Maintain | May 18, 2017 |
| Brean Capital | Buy | Buy | Maintain | Oct 7, 2016 |
| CLSA | Outperform | Outperform | Maintain | Oct 4, 2016 |
| Evercore ISI Group | Buy | Buy | Maintain | Sep 15, 2016 |
| Sterne Agee CRT | Buy | Neutral | Upgrade | Feb 1, 2016 |
| Sterne Agee | Buy | Neutral | Upgrade | Feb 1, 2016 |
| Mitsubishi UFJ | Neutral | Neutral | Maintain | Jan 13, 2016 |
Named analyst price targets
Upside is calculated against the persisted current price $193.06. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Mizuho Securities | Siti Panigrahi | $205 | $192.26 | +6.2% | Oct 6, 2026 |
| BMO Capital | Daniel Jester | $205 | $192.26 | +6.2% | Oct 6, 2026 |
| Deutsche Bank | Johannes Schaller | $205 | $192.26 | +6.2% | Oct 5, 2026 |
| Barclays | Analyst unavailable | $205 | $192.45 | +6.2% | Oct 5, 2026 |
| Stifel Nicolaus | Analyst unavailable | $205 | $192.68 | +6.2% | Oct 5, 2026 |
| RBC Capital | Matthew Hedberg | $306 | $192.71 | +58.5% | Oct 5, 2026 |
| RBC Capital | Matthew Hedberg | $205 | $192.9 | +6.2% | Oct 5, 2026 |
| Rosenblatt Securities | Blair Abernethy | $205 | $193.43 | +6.2% | Oct 5, 2026 |
| Loop Capital Markets | Analyst unavailable | $205 | $194.1 | +6.2% | Oct 5, 2026 |
| Stifel Nicolaus | Analyst unavailable | $165 | $132.46 | -14.5% | Jul 30, 2026 |
| Piper Sandler | Analyst unavailable | $157 | $132.46 | -18.7% | Jul 30, 2026 |
| Barclays | Saket Kalia | $155 | $132.46 | -19.7% | Jul 30, 2026 |
| BMO Capital | Daniel Jester | $164 | $132.46 | -15.1% | Jul 30, 2026 |
| BMO Capital | Analyst unavailable | $155 | $115.56 | -19.7% | Jul 24, 2026 |
| Barclays | Analyst unavailable | $150 | $124.74 | -22.3% | Jul 13, 2026 |
| BNP Paribas | Analyst unavailable | $130 | $116.94 | -32.7% | Jun 18, 2026 |
| Berenberg Bank | Analyst unavailable | $170 | $144.88 | -11.9% | May 27, 2026 |
| Robert W. Baird | Analyst unavailable | $198 | $136.76 | +2.6% | May 7, 2026 |
| Barclays | Analyst unavailable | $185 | $136.76 | -4.2% | May 7, 2026 |
| Stifel Nicolaus | Analyst unavailable | $180 | $157.24 | -6.8% | Feb 5, 2026 |
| RBC Capital | Analyst unavailable | $195 | $155.98 | +1.0% | Feb 5, 2026 |
| BMO Capital | Daniel Jester | $189 | $151.34 | -2.1% | Feb 5, 2026 |
| KeyBanc | Analyst unavailable | $210 | $151.34 | +8.8% | Feb 5, 2026 |
| Oppenheimer | Analyst unavailable | $200 | $164.63 | +3.6% | Jan 28, 2026 |
| Robert W. Baird | Joe Vruwink | $255 | $204.55 | +32.1% | Oct 22, 2025 |
| KeyBanc | Analyst unavailable | $245 | $202.51 | +26.9% | Jul 31, 2025 |
| Barclays | Saket Kalia | $233 | $202.51 | +20.7% | Jul 31, 2025 |
| Cantor Fitzgerald | Kristen Kluska | $120 | $202.63 | -37.8% | Jul 29, 2025 |
| Piper Sandler | Clarke Jeffries | $180 | $156.34 | -6.8% | May 1, 2025 |
| Robert W. Baird | Analyst unavailable | $185 | $143.81 | -4.2% | Apr 22, 2025 |
| KeyBanc | Jason Celino | $185 | $143.98 | -4.2% | Apr 16, 2025 |
| Barclays | Saket Kalia | $175 | $146.54 | -9.4% | Apr 14, 2025 |
| Robert W. Baird | Joe Vruwink | $228 | $189.1 | +18.1% | Nov 7, 2024 |
| Robert W. Baird | Joe Vruwink | $226 | $184.81 | +17.1% | Oct 22, 2024 |
| BMO Capital | Daniel Jester | $206 | $185.5 | +6.7% | Oct 15, 2024 |
| Loop Capital Markets | Yun Kim | $220 | $181 | +14.0% | Oct 14, 2024 |
| Mizuho Securities | Siti Panigrahi | $190 | $174.11 | -1.6% | Jun 4, 2024 |
| Oppenheimer | Ken Wong | $165 | $137.85 | -14.5% | Oct 30, 2023 |
| Loop Capital Markets | Daniel Jester | $166 | $130.08 | -14.0% | May 24, 2023 |
| Berenberg Bank | Analyst unavailable | $155 | $127.4 | -19.7% | Jan 11, 2023 |
| Barclays | Analyst unavailable | $120 | $114.55 | -37.8% | Apr 28, 2022 |
| Mizuho Securities | Analyst unavailable | $135 | $110.6 | -30.1% | Apr 28, 2022 |
| RBC Capital | Analyst unavailable | $130 | $99.12 | -32.7% | Apr 25, 2022 |
| Loop Capital Markets | Yun Kim | $160 | $122.37 | -17.1% | Nov 9, 2021 |
| Griffin | Jay Vleeschhouwer | $156 | $126.43 | -19.2% | Nov 8, 2021 |
| Barclays | Saket Kalia | $141 | $120.93 | -27.0% | Nov 4, 2021 |
| Deutsche Bank | Johannes Schaller CFA | $150 | $119.87 | -22.3% | Oct 5, 2021 |
Track every rating change on PTC the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationPTC Inc. operates as a global provider of software and services, with its market presence extending across the Americas, Europe, and the Asia Pacific regions. The company's business is organized into two primary divisions: Software Products and Professional Services. Among its key offerings is the ThingWorx platform, which furnishes enterprises with a suite of functionalities to drive digital innovation across their operations. These solutions are characterized by ease of creation and deployment, scalability for future demands, and their ability to accelerate value realization for customers. Another significant product, Vuforia, enables the visualization of digital information within real-world contexts and facilitates the development of augmented reality applications.…
Historical context
All PTC earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| WIT Wipro Limited | FY2027 Q2 · Calendar Q4 2026 | -25.0% | +3.9% | Wipro: AI pipeline expands as Q3 guidance stays narrow |
| TSM Taiwan Semiconductor Manufacturing Company Limited | FY2026 Q3 · Calendar Q4 2026 | +3.4% | -1.8% | TSMC beats Q3 guidance as AI demand drives fab expansion |
| ERIC Telefonaktiebolaget LM Ericsson (publ) | FY2026 Q3 · Calendar Q4 2026 | +28.6% | +11.8% | Ericsson Q3: 7% organic growth, resilient margins and AI-led demand |
Latest beats and misses
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Missed on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-22T00:04:22.296664+00:00
- Polygon adjusted daily market bars · 2026-10-19T19:00:42.930872+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-19T19:00:42.928065+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-19. For educational purposes only; not investment advice.