PTC Therapeutics Appoints Biotech Banking Pioneer Jessica Chutter to Board of Directors Accessibility StatementSkip NavigationWARREN, N.J., March 25, 2026 /PRNewswire/ -- PTC Therapeutics, Inc., (NASDAQ: PTCT) today announced the appointment of Jessica Chutter to its Board of Directors. Ms. Chutter is a highly accomplished biotechnology investment banker with an extensive list of achievements over her long tenure at Morgan Stanley, including building and leading the bank's biotechnology franchise."I have cl ...

Boston, Massachusetts-based PTC Inc. (PTC) provides software solutions and services worldwide that help manufacturing companies design, operate, and manage products. The company has a market capitalization of $17.8 billion and provides Windchill, a suite that manages all aspects of the product development lifecycle; ThingWorx, an Industrial Internet of Things software platform; ServiceMax, a service lifecycle management solution; and more. Companies with a market capitalization of $10 billion or more are ...

Core Viewpoint - PTC has updated its fiscal 2026 free cash flow expectations following the divestiture of its Kepware and ThingWorx businesses, with a focus on utilizing the majority of free cash flow for share repurchases [1][4][5]. Financial Updates - Estimated net after-tax transaction proceeds from the divestiture are now $375 million, an increase of $10 million from the previous estimate of $365 million [1]. - Cash taxes related to the transaction are now expected to be approximately $110 million, down $15 million from the prior estimate of $125 million [2]. - Divestiture-related costs are now expected to be approximately $40 million, up $5 million from the prior estimate of $35 million [2]. - Transaction proceeds from the sale were $523 million, which is $2 million below the prior estimate of $525 million due to working capital and indebtedness adjustments [2]. Free Cash Flow Guidance - Post-divestiture free cash flow guidance for fiscal 2026 has been raised to $850 million, which is $10 million higher than the previous estimate of $840 million [5][6]. - Cash inflows from the transition services agreement (TSA) with TPG are expected to largely offset the absence of cash flow from Kepware and ThingWorx in fiscal 2026, but create an estimated $70 million free cash flow headwind in fiscal 2027 [5][7]. Capital Allocation - PTC intends to use the majority of its free cash flow for share repurchases, targeting total buybacks of $1.125 to $1.225 billion [4][12]. - The company is no longer including Kepware and ThingWorx in its guidance for annual recurring revenue (ARR) [8][9]. Tax and Operating Expenses - PTC expects its cash tax rate to migrate toward its GAAP P&L tax rate over the midterm, with fiscal 2026 cash taxes projected between $130 million to $150 million and fiscal 2027 cash taxes between $180 million to $220 million [10][16]. - Non-GAAP operating expenses are expected to grow at roughly half the rate of ARR, indicating ongoing efficiencies and potential reallocation of investment [11].

PTC Inc (NASDAQ:PTC) is among the best 3D printing stocks to buy according to hedge funds. Presenting at the Morgan Stanley Technology, Media and Telecom Conference 2026 on March 4, PTC Inc (NASDAQ:PTC) CEO Neil Barua highlighted the company’s growth prospects and plans for the future. PTC Inc (PTC) Leveraging AI to Enhance Products and Boost Internal Efficiency Barua discussed how PTC Inc is enhancing its products with AI capabilities and how this strategy is driving demand. The conference heard that On ...

PTC Teams with NVIDIA to Unite Design and Robotics Simulation by Connecting Onshape to NVIDIA Isaac Sim Accessibility StatementSkip Navigation BOSTON, March 17, 2026 /PRNewswire/ -- PTC(NASDAQ: PTC) today announced a new robotics design-to- simulation workflow that connects PTC's cloud-native Onshape® computer-aided design (CAD) and product data management (PDM) platformwith NVIDIA Isaac Simopen simulation framework. The workflow is being introduced at NVIDIA GTC 2026to demonstrate how teams can simulate ro ...

Core Insights - The company is focused on the development of transcript-related projects, indicating a commitment to enhancing its offerings in this area [1] Group 1 - The company publishes thousands of quarterly earnings calls each quarter, showcasing its extensive coverage and growth in the transcript market [1] - There is an ongoing effort to expand coverage, suggesting a strategic initiative to capture more market share and improve service offerings [1]

Summary of PTC Investor Update Conference Call Company Overview - **Company**: PTC (NasdaqGS:PTC) - **Event**: Investor Update Conference Call - **Date**: March 16, 2026 Key Points Divestiture of Kepware and ThingWorx - PTC has completed the divestiture of Kepware and ThingWorx, focusing on its intelligent product lifecycle vision [4] - Transaction proceeds from the divestiture were $523 million, slightly below the previous estimate of $525 million due to working capital and indebtedness adjustments [4] - Divestiture-related costs are now expected to be approximately $40 million, an increase of $5 million from the previous estimate [5] - Cash taxes related to the transaction are now expected to be approximately $110 million, down from the previous estimate of $125 million [5] - Estimated net after-tax transaction proceeds are now $375 million, which is $10 million higher than the previous estimate of $365 million [5] Financial Guidance Post-Divestiture - Post-divestiture free cash flow guidance for fiscal 2026 is now $850 million, an increase of $10 million from the previous estimate of $840 million [6] - Cash inflows from the transition services agreement with TPG Inc. are expected to offset the absence of free cash flow from Kepware and ThingWorx [6] - For fiscal 2027, a free cash flow headwind of $70 million is anticipated, up from the previous estimate of less than $50 million [6] Revenue and Earnings Guidance - PTC is no longer including Kepware and ThingWorx in its guidance for Annual Recurring Revenue (ARR) [7] - Fiscal 2026 and Q2 2026 guidance for free cash flow, revenue, and non-GAAP EPS has been updated to reflect the divestiture [8] - A $464 million gain on the sale of Kepware and ThingWorx will be reflected in GAAP EPS, partially offset by the absence of earnings from these businesses post-close [8] Operating Expenses and Cash Taxes - Non-GAAP operating expenses are expected to grow at roughly half the rate of ARR [9] - Cash taxes for fiscal 2027 are estimated to be between $180 million and $220 million, as historical net operating losses have been consumed [9][10] - For fiscal 2026, cash taxes are expected to be between $130 million and $150 million, excluding those related to the divestiture [31] Share Buyback Strategy - PTC plans to use the majority of its free cash flow for share buybacks, with an expected range of $1.125 billion to $1.225 billion [16] Market Dynamics and Operational Efficiency - The organization has managed distractions from the divestiture process effectively, reaffirming guidance for Q2 [23] - PTC is focused on identifying areas for reallocation and efficiencies to maintain operational performance [19][27] Additional Insights - The divestiture is expected to provide a benefit of $70 million in FY 2026, which will not recur in the following year [19] - The company is committed to evaluating capital allocation strategies, including share buybacks, based on return on investment [29] This summary encapsulates the key discussions and financial metrics presented during the PTC Investor Update Conference Call, highlighting the company's strategic focus and financial outlook following the divestiture of Kepware and ThingWorx.

FORWARD LOOKING STATEMENTS This presentation includes forward looking statements regarding PTC's future financial performance, strategic outlook and expectations, anticipated future operations, expected effects of strategic investments and initiatives, and share repurchase expectations. Because such statements deal with future events, actual results may differ materially from those projected in the forward-looking statements. Information about factors that could cause actual results to differ materially fro ...

Core Viewpoint - NVIDIA is collaborating with leading industrial software companies to integrate its GPU-accelerated tools and platforms into various industries, aiming to revolutionize design, engineering, and manufacturing processes through AI and digital twins [2][4][19]. Group 1: Partnerships and Collaborations - NVIDIA is partnering with Cadence, Dassault Systèmes, PTC, Siemens, and Synopsys to deliver NVIDIA CUDA-X and Omniverse technologies to major companies like FANUC, Honda, and TSMC, enhancing their design and manufacturing capabilities [2][19]. - The collaboration aims to prepare customers for the next phase of the AI era by introducing NVIDIA-powered agentic solutions [2][4]. Group 2: AI and Accelerated Computing - The integration of agentic AI into industrial workflows is expected to streamline complex design and manufacturing processes, marking a significant shift in industrial engineering [5][6]. - NVIDIA's NeMo platform and CUDA-X libraries are being utilized to develop autonomous design agents that enhance efficiency in chip and system workflows [6][21]. Group 3: Industry Applications - In the automotive sector, NVIDIA is working with Siemens and Synopsys to provide GPU-accelerated tools that significantly reduce simulation times, enabling faster vehicle design iterations [6][7]. - Aerospace engineering is benefiting from NVIDIA-accelerated solvers, allowing for high-fidelity simulations that were previously impractical, thus unlocking new design possibilities [9][10]. Group 4: Energy and Semiconductor Innovations - Energy companies are adopting NVIDIA's GPU-accelerated workflows to enhance simulation turnaround times, contributing to cleaner energy solutions [11][12]. - In semiconductor design, industry leaders like Samsung and SK hynix are leveraging NVIDIA tools to streamline production processes, achieving significant improvements in efficiency [13][14][22]. Group 5: Digital Twins and Manufacturing - NVIDIA and its partners are advancing the digitalization of manufacturing through high-fidelity digital twins, which connect virtual planning with real-world execution [23][24]. - Companies like Krones and KION are utilizing NVIDIA technologies to create AI-driven digital twins that enhance operational efficiency in manufacturing and logistics [25][27].

Core Viewpoint - PTC has successfully completed the divestiture of its Kepware and ThingWorx businesses to TPG, allowing the company to concentrate on its Intelligent Product Lifecycle vision [2][3][5]. Financial Details - PTC received cash proceeds of $523 million from the sale, with net after-tax proceeds expected to be approximately $375 million after accounting for divestiture-related costs and taxes [3][5]. - The company plans to utilize the net after-tax proceeds for share repurchases, including a $375 million accelerated share repurchase agreement in Q2'26 [4][5]. Updated Financial Guidance - PTC has updated its financial guidance for FY'26 and Q2'26 to reflect the impact of the divestiture: - FY'26 revenue guidance is adjusted to $2,540 million to $2,805 million, down from $2,675 million to $2,940 million [6]. - Q2'26 revenue guidance is revised to $685 million to $745 million, compared to previous estimates of $710 million to $770 million [6]. - Operating cash flow guidance for FY'26 is now approximately $880 million, down from $1,030 million [8]. - Free cash flow guidance for FY'26 is adjusted to approximately $850 million, down from $1,000 million [9]. Earnings Per Share (EPS) Guidance - The updated GAAP EPS guidance for FY'26 is now $6.94 to $9.66, reflecting the impact of the divestiture [10]. - Non-GAAP EPS guidance for FY'26 is adjusted to $6.36 to $8.84 [10]. Strategic Focus - The divestiture allows PTC to enhance its focus on its Intelligent Product Lifecycle vision, indicating a strategic shift towards core competencies in product lifecycle management [3][5].