Barua said PTC is in a “turning the corner” phase of a broader transformation, citing what he characterized as momentum across product, go-to-market, and customer engagement. He highlighted five indicators:Management also reiterated that the divestiture of Kepware and ThingWorx is progressing and remains on track to close on or before April 1, with no material changes to figures previously provided.On the company’s fiscal first-quarter earnings call, CEO Neil Barua said PTC grew constant-currency ARR 9% yea ...

PTC (NasdaqGS:PTC) Q1 2026 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsJennifer DiRico - CFOMatt Shimao - Head of Investor RelationsNeil Barua - CEORobert Dahdah - Chief Revenue OfficerConference Call ParticipantsAdam Borg - AnalystBlair Abernethy - AnalystDaniel Jester - AnalystJason Celino - AnalystJay Vleeschhouwer - AnalystJoe Vruwink - AnalystJoshua Tilton - AnalystKen Wong - AnalystMatt Hedberg - AnalystNay Soe Naing - AnalystSiti Panigrahi - AnalystTyler Radke - AnalystYun Kim - A ...

PTC (NasdaqGS:PTC) Q1 2026 Earnings call February 04, 2026 05:00 PM ET Company ParticipantsJennifer DiRico - CFOMatt Shimao - Head of Investor RelationsNeil Barua - CEORobert Dahdah - Chief Revenue OfficerConference Call ParticipantsAdam Borg - AnalystBlair Abernethy - AnalystDaniel Jester - AnalystJason Celino - AnalystJay Vleeschhouwer - AnalystJoe Vruwink - AnalystJoshua Tilton - AnalystKen Wong - AnalystMatt Hedberg - AnalystNay Soe Naing - AnalystSiti Panigrahi - AnalystTyler Radke - AnalystYun Kim - A ...

Q1'26 FINANCIAL RESULTS Neil Barua CEO Jennifer DiRico CFO February 4, 2026 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. Inform ...

Core Insights - PTC Inc. is collaborating with Automobili Lamborghini to modernize product development through its Intelligent Product Lifecycle solutions, emphasizing digital innovation for future challenges [1][10] Group 1: Collaboration and Tools - Lamborghini is adopting PTC's Windchill PLM and Codebeamer ALM solutions to enhance product data traceability, streamline engineering change management, and improve team collaboration [2] - PTC's Creo CAD software is utilized by Lamborghini for designing complex engines, which helps accelerate development cycles while maintaining high standards of craftsmanship and performance [3] Group 2: AI Integration and Demonstration - PTC plans to showcase its Intelligent Product Lifecycle at CES 2026, featuring AI-enhanced tools like Codebeamer AI, Windchill AI, and ServiceMax AI to demonstrate the full lifecycle of product development [4][10] Group 3: Strategic Focus and Financial Outlook - PTC is divesting Kepware and ThingWorx to concentrate on an AI-driven Intelligent Product Lifecycle, with positive feedback and early operational gains already noted [7] - The company targets 7%-9% ARR growth for fiscal 2026 and aims for $1 billion in free cash flow, supported by strong deferred ARR and a stock buyback program of $150-$250 million per quarter [8]

Core Insights - PTC Inc. has launched the Arena PLM and QMS AI Engine, which integrates AI into product lifecycle and quality workflows to enhance efficiency and compliance [1][9] - The AI Engine features AI File Summary and AI File Comparison, which improve communication and reduce manual checks, thereby increasing productivity and compliance [2][9] - PTC's strategy focuses on embedding AI into PLM and QMS processes, enhancing product development ecosystems amid volatile global supply chains [3][4] Product and Technology Developments - The Arena AI Assistant has been expanded to include broader Help coverage and multilingual support, improving onboarding and productivity [4] - Arena Supply Chain Intelligence (SCI) has been upgraded with weekly compliance checks for electronic components, enhancing real-time monitoring and regulatory insights [4] Financial Performance - PTC's fiscal fourth quarter saw PLM revenue increase by 44% to $588 million and CAD revenue grow by 40% to $306 million, driven by strong demand and digitalization [5] - The divestiture of Kepware and ThingWorx is aimed at sharpening focus on core strengths in CAD, PLM, ALM, and SLM, which is expected to enhance product cohesion and innovation [6] Market Challenges - PTC faces challenges from foreign exchange volatility due to a stronger U.S. dollar, which may impact revenue performance [7] - The company has indicated that rising interest rates, shifting tax regulations, and a weakening macro environment could affect free cash flow and overall outlook [7] Stock Performance - PTC currently holds a Zacks Rank 3 (Hold), with shares gaining 2.7% over the past six months, contrasting with a 0.8% decline in the Zacks Computer-Software industry [8]

Company Overview - PTC Inc. is a software company based in Boston, Massachusetts, with a market capitalization of $20.8 billion, providing advanced digital solutions including Creo for 3D CAD design and Windchill for product lifecycle management [1][2] - The company is classified as a large-cap stock, supporting digital transformation across various industries such as automotive, aerospace, electronics, and industrial equipment [2] Financial Performance - PTC reported a 42.7% year-over-year increase in total revenue, reaching $893.8 million, which exceeded consensus estimates by 20.2% [5] - The adjusted EPS for Q4 was $3.47, reflecting a 125.3% increase from the previous year and surpassing analyst expectations by 53.5% [5] Stock Performance - PTC's shares have declined 21.2% from their 52-week high of $219.69, reached on July 31, and have fallen 15.1% over the past three months, underperforming the Nasdaq Composite's 7.8% rise [3][4] - Year-to-date, PTC shares are down 5.8%, compared to the Nasdaq's 22.1% return, and have decreased 13.2% over the past 52 weeks, lagging behind the Nasdaq's 19.5% increase [4] Market Trends - PTC has been trading below its 200-day moving average since early November and below its 50-day moving average since mid-September, indicating a bearish trend [4] - Following the Q4 earnings report, PTC's shares fell 8.4% due to weaker-than-expected guidance for Q1 2026, with projected revenue between $600 million and $660 million [5]

Summary of PTC Conference Call Company Overview - **Company**: PTC (Parametric Technology Corporation) - **Industry**: Software, specifically focusing on product lifecycle management (PLM) and computer-aided design (CAD) solutions - **Key Products**: Windchill (PLM), Creo (CAD), CodeBeamer (Application Lifecycle Management), Onshape (cloud-based CAD), ServiceMax Core Insights and Arguments 1. **Customer Engagement**: The CEO, Neil Barua, emphasized the importance of engaging with customers globally to understand their needs and challenges, particularly the demand for faster product development amidst increasing complexity in business environments [5][10][45] 2. **Strategic Positioning**: PTC is positioned as a critical player in the software vertical, with a strong relationship with customers built over 40 years, which is essential for their product development processes [10][11] 3. **Go-to-Market Transformation**: The company is undergoing a transformation in its go-to-market strategy, focusing on verticalization to enhance customer engagement and increase market share [12][13] 4. **Financial Guidance**: PTC adjusted its full-year growth targets to the high single digits, reflecting a stable macro environment and improved execution in Q3 [15][19] 5. **Product Lifecycle Management**: Windchill is highlighted as a flagship product with significant growth potential, particularly as companies seek to integrate software and hardware development processes [29][30] 6. **AI Integration**: PTC is embedding AI into its solutions, enhancing product capabilities and improving operational efficiency [37][39] 7. **ServiceMax Performance**: The ServiceMax segment faced challenges but is expected to align better with PTC's offerings, creating opportunities for growth [48][50] Additional Important Points 1. **Market Dynamics**: The company noted that while the macro environment remains challenging, it has not worsened, allowing for a more stable outlook [19][20] 2. **Customer Sentiment**: There is a sense of urgency among customers to invest in digital transformation, which PTC is well-positioned to support [45][46] 3. **M&A Strategy**: PTC is focused on tuck-in acquisitions that enhance its product data foundation and align with its strategic vision [62][63] 4. **Cash Flow Management**: PTC operates on a cash basis, providing visibility into cash inflows and outflows, which supports its financial stability [55][58] 5. **Internal AI Utilization**: The company is leveraging AI internally to improve customer support and R&D processes, leading to productivity gains [59][60] This summary encapsulates the key points discussed during the PTC conference call, highlighting the company's strategic direction, product focus, and market positioning.

Industry Overview - 3D Printing, or additive manufacturing, is a transformative technology that creates physical objects from digital designs by layering materials with high precision, significantly changing product design and manufacturing since the 1980s [1] - The technology is gaining traction across various sectors, including healthcare, aerospace, automotive, and consumer goods, due to its ability to produce complex shapes and reduce supply chain costs [3][4] Market Growth - The global 3D Printing market is projected to grow from $24.61 billion in 2024 to $29.29 billion in 2025, and is expected to reach $134.6 billion by 2034, with a CAGR of 18.52% [6] - The healthcare 3D Printing market is anticipated to increase from $1.66 billion in 2024 to $1.96 billion by the end of the year, with projections to exceed $8.71 billion by 2034, reflecting a CAGR of 18% [5] Regional Insights - North America currently leads the 3D Printing market with over 35% share, followed closely by Asia Pacific at 30%, with strong growth expected in the U.S. market at a CAGR of 19.18% from 2025 to 2034 [7] Key Players - Xometry, Proto Labs Inc., and Stratasys, Ltd. are recognized as leaders in the 3D Printing space, capitalizing on the technology's advantages in cost, customization, precision, and sustainability [2] - GE Aerospace has made significant investments in additive manufacturing, enhancing fuel efficiency in its engines by 10% to 15% through 3D-printed components [11][12][13] - PTC's Creo software is designed to optimize product development in 3D printing, offering advanced capabilities for manufacturers [15][16] - Carpenter Technology has developed its additive manufacturing capabilities through strategic acquisitions and is recognized for its versatile metal powder production [17][18][19] - Proto Labs is noted for its rapid prototyping and on-demand production capabilities, generating approximately $84 million in revenue from its 3D Printing services in 2024 [22] - 3D Systems provides a wide range of 3D printing solutions and has made strides in digital dentistry and bioprinting, collaborating on projects with NASA [23][24][25][26]

Group 1: Breakthrough in Power Analysis - Cadence Design Systems and NVIDIA Corporation have achieved hardware-accelerated dynamic power analysis for billion-gate AI designs, completing the process in just a few hours with up to 97% accuracy [1][4] - The new Cadence Dynamic Power Analysis App, integrated with the Palladium Z3 Enterprise Emulation Platform, allows for accurate power consumption estimates in real-world workloads, enhancing energy efficiency and preventing delays in chip design [4][5] - Traditional power analysis tools are limited to processing a few hundred thousand cycles, but the collaboration between Cadence and NVIDIA has enabled unprecedented accuracy across billions of cycles [3][4] Group 2: Market Opportunities and Growth - There is broad-based demand for Cadence's solutions, particularly in AI-driven portfolios, driven by trends such as 5G, hyperscale computing, and autonomous driving [5][7] - Cadence is collaborating with major tech companies like Qualcomm and NVIDIA on next-generation AI designs, and is targeting new markets such as Life Sciences with its OpenEye drug discovery software [6][7] - The company is expanding partnerships with foundry partners like Taiwan Semiconductor Manufacturing, Intel, and Arm Holdings, positioning itself to benefit from increased R&D spending on AI-driven automation [7] Group 3: Competitive Landscape - Cadence faces intensifying competition and challenges related to international exposure and a high level of goodwill and intangible assets [8] - In the broader software space, competitors like PTC Inc. and Adobe Inc. are also leveraging AI technologies, indicating a competitive environment for Cadence [9][13]