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Sentiment · FY2026 Q2
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Jay Vleeschhouwer | Griffin Securities | 7 | 0% |
| Nay Naing | Berenberg | 7 | 0% |
| Ken Wong | Oppenheimer | 7 | 0% |
| Jason Celino | KeyBanc Capital Markets | 6 | 17% |
| Joshua Tilton | Wolfe Research | 6 | 17% |
| Saket Kalia | Barclays | 5 | 0% |
| Tyler Radke | Citigroup | 5 | 0% |
| Blair Abernethy | Rosenblatt Securities | 5 | 20% |
| Siti Panigrahi | Mizuho Securities | 5 | 0% |
| Adam Borg | Stifel | 5 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Griffin Securities | 1 | 7 | 0% |
| Berenberg | 1 | 7 | 0% |
| Oppenheimer | 1 | 7 | 0% |
| Wolfe Research | 2 |
| 7 |
| 14% |
| KeyBanc Capital Markets | 1 | 6 | 17% |
| Mizuho Securities | 1 | 5 | 0% |
| Citigroup | 1 | 5 | 0% |
| Barclays | 1 | 5 | 0% |
PTC reported constant currency ARR growth of 8.5% excluding Kepware to $2.388 billion, at the high end of guidance, with FCF exceeding the guidance range. The Kepware/ThingWorx divestiture was completed, enabling a focused intelligent product lifecycle strategy. Management reiterated ARR guidance at 7.5-9.5% while raising revenue and EPS on demand capture dynamics, and announced a new $2 billion buyback authorization through FY2028.
Demand | Competitive Dynamics | Guidance Reliability | Product Launch | Revenue Growth | Macroeconomic | Cloud & AI | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 4 | 1 | 2 | 3 | |||
| 2025Q1 | 3 | 3 | 1 | 2 | 2 | 1 | 3 | |
| 2025Q2 | 5 | 3 | 4 | 1 | 3 | 1 | 1 | |
| 2025Q3 | 4 | 5 | 2 | 3 | 4 | 2 | 1 | 2 |
| 2025Q4 | 2 | 3 | 2 | 1 | 1 | 1 | ||
| 2026Q1 | 8 | 3 | 7 | 3 | 4 | 1 | 1 | |
| 2026Q2 | 7 | 6 | 3 | 5 | 4 | 1 | 5 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Demand | 4 | 3 | 5 | 4 | 2 | 8 | 7 |
| Competitive Dynamics | 4 | 3 | 3 | 5 | 3 | 3 | 6 |
| Guidance Reliability | 1 | 1 | 4 | 2 | 2 | 7 | 3 |
| Product Launch | 2 | 2 | 3 | 1 | 3 | 5 | |
| Revenue Growth | 2 | 1 | 4 | 1 | 4 | 4 | |
| Macroeconomic | 3 | 1 | 3 | 2 | 1 | 1 | |
| Cloud & AI | 3 | 1 | 1 | 1 | 5 | ||
| Margin | 1 | 2 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
PTC PTC Inc. | 9 | +21.7% | |
| ADSK Autodesk | 10 | +18.4% | |
| APP Applovin Corp | 9 | +24.1% | |
| CDNS Cadence Design Systems | 9 | +18.7% | |
| CRM Salesforce, Inc. | 9 | +13.3% | |
| DDOG Datadog | 10 | +32.1% | |
| FICO Fair Isaac | 9 | +38.7% | |
| INTU Intuit | 9 | +10.4% | |
| MSTR MicroStrategy Inc. | 7 | +11.9% | |
| NOW ServiceNow | 7 | +22.1% | |
| SHOP Shopify | 8 | +34.3% | |
| TEAM Atlassian | 7 | +31.7% | |
| TTD The Trade Desk, Inc. | 8 | +11.8% | |
| TYL Tyler Technologies | 8 | +8.6% | |
| UBER Uber | 8 | +14.5% | |
| WDAY Workday, Inc. | 9 | +13.5% |