PTC Inc.

PTC · NASDAQ

Company research

PTC Inc. (NASDAQ: PTC) is a Boston, Massachusetts-based global software company, founded in 1985 as Parametric Technology Corporation, that enables manufacturers and industrial companies to digitally transform how they design, manufacture, and service physical products. The company operates through two segments — Software Products and Professional Services — offering a comprehensive portfolio that spans Computer-Aided Design (CAD) with Creo and Onshape, Product Lifecycle Management (PLM) with Windchill and Arena, Application Lifecycle Management (ALM) with Codebeamer, Industrial IoT with the ThingWorx platform, Augmented Reality with Vuforia, and Service Lifecycle Management (SLM) with ServiceMax. With over 30,000 customers globally across industries such as industrial manufacturing, aerospace and defense, automotive, and medical technology, PTC has built a highly recurring revenue model with approximately 95% of its FY2025 revenue subscription-based. Led by CEO Neil Barua, PTC employs over 7,500 people worldwide and reported revenues of approximately $2.74 billion in fiscal year 2025.

Research reports

Simply Wall St · June 23, 2026PTC (Nasdaq:PTC) - Stock Analysis

The report presents a valuation‑driven thesis that PTC is trading well below its estimated fair value, emphasizes strong recent earnings growth, and notes that analysts broadly expect material upside in the share price supported by AI‑enabled industrial software and digital‑twin opportunities. It also flags forecast earnings declines over the next three years and acknowledges that recent price momentum has weakened, framing the stock as attractive on fundamentals but not without cyclical and execution risks.

Documents

MorningstarPTC Earnings: On Track to Reach Growth Goals; Early AI Traction Is Encouraging

MorningstarPTC Earnings: Consistent Growth Profile Shows Broad-Based Strength; AI Threat Manageable

MorningstarPTC: Leadership in Product Lifecycle Management Ensures Switching Costs Supporting Wide Moat

MorningstarPTC Earnings: Solid Earnings Overshadowed by Modest Outlook and Sale of Kepware and ThingWorx

MorningstarPTC's Moaty CAD and PLM Software Solutions Have High Switching Costs

MorningstarPTC Earnings: Solid Performance With Demand Proving Resilient in a Tough Macro Backdrop

MorningstarPTC Earnings: Strong Quarter, but Current Macro Environment a Near-Term Headwind