Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Analyst
Blair Abernethy
Period: Reporting periods mapped to calendar 2025 Q1 – 2026 Q2 (6 quarters).
- Questions
- 10on tracked calls
- Challenge rate
- 20%2 of 10 questions
- Companies
- 3questioned at least once
- Reporting periods
- 6with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 10 of 10 questions from 3 companies
PTCPTC Inc.6 questions · 5 reporting periods · 2 of 6 challenging
Calendar 2026 Q2
where do you see the biggest monetization opportunities for PTC?
Show response
Barua pushed stand-alone AI monetization out to a medium-to-long-term horizon and gave no pricing or attach-rate detail.
Calendar 2026 Q1
can you just talk a little bit about how -- where the demand is coming from here, net new customers to PTC? And sort of what's happening on-prem -- with on-prem conversions
Show response
Barua described Windchill+ momentum building as part of modernization wave. Predominantly net-new displacement wins due to advanced SaaS solution. On-prem customers first want to expand enterprise PLM before converting to SaaS. Air-gapped environments will never move to SaaS. AI releases available for both on-prem and SaaS solutions.
Calendar 2025 Q4
in terms of new customer ads, what are you seeing out there in terms of interest in your portfolio? Is it skewed at all more towards the SaaS side
Show response
Dahdah confirmed new logos default to cloud. Competitive displacements increasing in upmarket. Aerospace defense startup program seeing great reception with PTC positioned to serve both top and bottom of the market.
Calendar 2025 Q3
as you kind of move away from the factory floor a little bit here, how are you thinking about your TAM business
Show response
Barua said TAM is actually larger than when he started as CEO. Product data foundation across CAD, ALM, PLM, SLM combined with AI creates much broader opportunity than factory floor IoT. Described being more thrilled than ever about the focused strategy.
looking at your net new ARR growth of $194 million last year, and you're saying midpoint, $195 million this year. How are you feeling about the overall environment
Show response
Barua gave comprehensive guidance framework: strong deferred ARR ballast, GTM transformation 9-10 months in and progressing, divestiture disruption risk factored in. High end assumes GTM progression continues with steady macro; low end accounts for macro worsening and divestiture disruption.
Calendar 2025 Q2
Can you just talk a little bit about how it has progressed in terms of cross-selling into the PTC base and the importance ServiceMax is in terms of your go-to-market motion
Show response
Barua gave balanced assessment: ServiceMax-Windchill connection differentiating PLM versus Siemens and Dassault, with 7-figure deals closing. But churn events weighing on growth rate. Cited example of long-time customer acquired by company using different platform. Said churn velocity not expected to continue.
CDNSCadence Design Systems3 questions · 3 reporting periods · 0 of 3 challenging
Calendar 2026 Q1
Just want to ask about the Millennium platform. How is the adoption going there, Anirudh?
Show response
Devgan said Millennium expanding into aerospace and defense CFD alongside automotive. Most exciting new application is 3D-IC signoff where GPU acceleration naturally fits matrix-heavy simulations.
Calendar 2025 Q2
What's driving that organic growth? Is it Millennium helping with that?
Show response
Anirudh cited 3D-IC/Allegro pull-through, data center simulation, BETA channel expansion. Millennium still very early innings. Focused on the most exciting parts of system market.
Calendar 2025 Q1
just wondering if you could give us sort of high-level thoughts on the data center digital twins
Show response
Anirudh highlighted NVIDIA partnership on Cadence Reality. Both design and operations sides. Internal use showed 10% improvement in power efficiency.
SNPSSynopsys1 question · 1 reporting period · 0 of 1 challenging
Calendar 2025 Q2
You haven't spoken a lot about design.da and silicon.da and fab.da. Could you speak to the adoption of those
Show response
CEO positioned dot DA products as infrastructure enabling optimization products. Agentic AI at L2-L3 phase (task agents and orchestration), progressing toward L4-L5.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| PTC PTC Inc. | 6 | 33%2 of 6 questions |
| CDNS Cadence Design Systems | 3 | 0%none of 3 questions |
| SNPS Synopsys | 1 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2025 Q1 | 1 | 0%none of 1 question | 1 |
| 2025 Q2 | 3 | 0%none of 3 questions | 3 |
| 2025 Q3 | 2 | 50%1 of 2 questions | 1 |
| 2025 Q4 | 1 | 0%none of 1 question | 1 |
| 2026 Q1 | 2 | 0%none of 2 questions | 2 |
| 2026 Q2 | 1 | 100%1 of 1 question | 1 |
- 2025 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q23 questions · challenge rate 0% (none of 3 questions) · 3 companies
- 2025 Q32 questions · challenge rate 50% (1 of 2 questions) · 1 company
- 2025 Q41 question · challenge rate 0% (none of 1 question) · 1 company
- 2026 Q12 questions · challenge rate 0% (none of 2 questions) · 2 companies
- 2026 Q21 question · challenge rate 100% (1 of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Demand5
- Product Launch4
- Cloud & AI3
- Innovation & R&D2
- Competitive Dynamics2
- Pricing1
- Capital Allocation1
- Guidance Reliability1
- Revenue Growth1