Headquartered in Boston, MA Fiscal year ends September NASDAQ: PTC ptc.com
PTC Inc. is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service physical products. It employs over 7,000 people and supports more than 30,000 customers.
The business is predominantly subscription-based. Revenue comes mainly from recurring subscription software, SaaS, hosting and support contracts, which PTC tracks via annual run rate (ARR); smaller amounts come from perpetual licenses and professional services. Under ASC 606, a substantial portion of on-premises subscription contract value is recognized at a point in time, which makes reported revenue volatile from quarter to quarter.
PTC's strategy centers on an "Intelligent Product Lifecycle" vision. In fiscal Q2 2026 it divested its Kepware and ThingWorx industrial IoT businesses, recognizing a $463.9 million gain. On October 5, 2026, PTC entered into a definitive agreement to be acquired by Schneider Electric, and it has since suspended earnings calls and financial guidance. Updated
With guidance and earnings calls suspended ahead of Schneider Electric's takeover, annual recurring revenue excluding divested units is the only gauge left, and it rose 8% to $2.51 billion. The 25% revenue drop reflects ASC 606 license timing, and both lines still cleared estimates.
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PTC Inc. is a global software company that enables industrial and manufacturing companies to digitally transform how they engineer, manufacture, and service physical products. It employs over 7,000 people and supports more than 30,000 customers.
24/7 Wall St.'s 12-month price target for PTC is $218.08, rated Buy. The Wall Street consensus target is $201.71. PTC price prediction →
