Analyst Consensus ?
ConsensusBuy32 ratings
Bullish2062.5%
Neutral928.1%
Bearish39.4%
PTC Inc. · PTC · FY2025 Q4 · Calendar Q4 2025
PTC sharpens focus on core portfolio while maintaining FY26 guidance
PTC's Q4 results and maintained FY26 outlook support a constructive but conditional thesis: core-portfolio focus, deferred ARR, product releases, and go-to-market execution provide support, while divestiture execution and large-deal timing are key tests.
Reported After market closeNASDAQTechnology
$16.64B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$3.47
Consensus $2.27
EPS surprise
+52.9%
Reported versus consensus
Reported revenue
$893.8M
Consensus $750.9M
Revenue surprise
+19.0%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-8.4%
Event window
SPY move
-1.1%
Same window
Abnormal move
-7.4%
Stock minus SPY
Volume
3.2×
Versus trailing sessions
Subsequent drift
-0.2%
Up to 20 sessions
PTCSPY benchmark
Ask FN2 about PTC FY2025 Q4
Transcript, numbers and history already loaded
Why did PTC fall 8.4% after beating EPS estimates in FY2025 Q4?What changed in PTC's guidance and outlook in FY2025 Q4?Give me the bull and bear case for PTC after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
PTC announced the divestiture of Kepware and ThingWorx to TPG, sharpening its focus on the Intelligent Product Lifecycle portfolio. The company also highlighted record deferred ARR and RPO growth while maintaining FY26 guidance.
Guidance delta
Management maintained FY26 guidance: 7%-9% ARR growth and $1 billion of free cash flow, including the Kepware and ThingWorx divestiture.
Key takeaways
- Q4 ARR grew 8.5% and free cash flow grew 16% year over year.
- PTC is divesting Kepware and ThingWorx to focus on its Intelligent Product Lifecycle portfolio.
- Record deferred ARR, RPO growth, and a strong pipeline support management's confidence, while deal timing remains variable.
Management priorities
- Execute the Intelligent Product Lifecycle strategy across CAD, PLM, ALM, and SLM.
- Deliver new AI features and updated releases across the product portfolio.
- Continue go-to-market transformation, disciplined buybacks, and potential tuck-in acquisitions.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$144.03Current
$120Low
$172.65Average
$255High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 4, 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 |
|---|---|---|---|---|
| Citigroup | Neutral | Neutral | Maintain | Jul 31, 2026 |
| Stifel | Buy | Buy | Maintain | Jul 30, 2026 |
| Rosenblatt | Buy | Buy | Maintain | Jul 30, 2026 |
| Piper Sandler | Neutral | Neutral | Maintain | Jul 30, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jul 30, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Mar 23, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Mar 17, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Feb 5, 2026 |
| JP Morgan | Underweight | Neutral | Downgrade | Feb 2, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Jan 28, 2026 |
| Baird | Outperform | Outperform | Maintain | May 1, 2025 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 1, 2024 |
| Loop Capital | Buy | Buy | Maintain | Feb 2, 2023 |
| 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 $144.03. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Stifel Nicolaus | Analyst unavailable | $165 | $132.46 | +14.6% | Jul 30, 2026 |
| Piper Sandler | Analyst unavailable | $157 | $132.46 | +9.0% | Jul 30, 2026 |
| Barclays | Saket Kalia | $155 | $132.46 | +7.6% | Jul 30, 2026 |
| BMO Capital | Daniel Jester | $164 | $132.46 | +13.9% | Jul 30, 2026 |
| BMO Capital | Analyst unavailable | $155 | $115.56 | +7.6% | Jul 24, 2026 |
| Barclays | Analyst unavailable | $150 | $124.74 | +4.1% | Jul 13, 2026 |
| BNP Paribas | Analyst unavailable | $130 | $116.94 | -9.7% | Jun 18, 2026 |
| Berenberg Bank | Analyst unavailable | $170 | $144.88 | +18.0% | May 27, 2026 |
| Robert W. Baird | Analyst unavailable | $198 | $136.76 | +37.5% | May 7, 2026 |
| Barclays | Analyst unavailable | $185 | $136.76 | +28.4% | May 7, 2026 |
| Stifel Nicolaus | Analyst unavailable | $180 | $157.24 | +25.0% | Feb 5, 2026 |
| RBC Capital | Analyst unavailable | $195 | $155.98 | +35.4% | Feb 5, 2026 |
| BMO Capital | Daniel Jester | $189 | $151.34 | +31.2% | Feb 5, 2026 |
| KeyBanc | Analyst unavailable | $210 | $151.34 | +45.8% | Feb 5, 2026 |
| Oppenheimer | Analyst unavailable | $200 | $164.63 | +38.9% | Jan 28, 2026 |
| Robert W. Baird | Joe Vruwink | $255 | $204.55 | +77.0% | Oct 22, 2025 |
| KeyBanc | Analyst unavailable | $245 | $202.51 | +70.1% | Jul 31, 2025 |
| Barclays | Saket Kalia | $233 | $202.51 | +61.8% | Jul 31, 2025 |
| Cantor Fitzgerald | Kristen Kluska | $120 | $202.63 | -16.7% | Jul 29, 2025 |
| Piper Sandler | Clarke Jeffries | $180 | $156.34 | +25.0% | May 1, 2025 |
| Robert W. Baird | Analyst unavailable | $185 | $143.81 | +28.4% | Apr 22, 2025 |
| KeyBanc | Jason Celino | $185 | $143.98 | +28.4% | Apr 16, 2025 |
| Barclays | Saket Kalia | $175 | $146.54 | +21.5% | Apr 14, 2025 |
| Robert W. Baird | Joe Vruwink | $228 | $189.1 | +58.3% | Nov 7, 2024 |
| Robert W. Baird | Joe Vruwink | $226 | $184.81 | +56.9% | Oct 22, 2024 |
| BMO Capital | Daniel Jester | $206 | $185.5 | +43.0% | Oct 15, 2024 |
| Loop Capital Markets | Yun Kim | $220 | $181 | +52.7% | Oct 14, 2024 |
| Mizuho Securities | Siti Panigrahi | $190 | $174.11 | +31.9% | Jun 4, 2024 |
| Oppenheimer | Ken Wong | $165 | $137.85 | +14.6% | Oct 30, 2023 |
| Loop Capital Markets | Daniel Jester | $166 | $130.08 | +15.3% | May 24, 2023 |
| Berenberg Bank | Analyst unavailable | $155 | $127.4 | +7.6% | Jan 11, 2023 |
| Barclays | Analyst unavailable | $120 | $114.55 | -16.7% | Apr 28, 2022 |
| Mizuho Securities | Analyst unavailable | $135 | $110.6 | -6.3% | Apr 28, 2022 |
| RBC Capital | Analyst unavailable | $130 | $99.12 | -9.7% | Apr 25, 2022 |
| Loop Capital Markets | Yun Kim | $160 | $122.37 | +11.1% | Nov 9, 2021 |
| Griffin | Jay Vleeschhouwer | $156 | $126.43 | +8.3% | Nov 8, 2021 |
| Barclays | Saket Kalia | $141 | $120.93 | -2.1% | Nov 4, 2021 |
| Deutsche Bank | Johannes Schaller CFA | $150 | $119.87 | +4.1% | 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 |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the PTC recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-04T21:10:43.850272+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-04T21:10:43.847461+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 2026-10-04. For educational purposes only; not investment advice.