PTC Inc

PTC: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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PTC Earnings: Consistent Growth Profile Shows Broad-Based Strength; AI Threat Manageable

Luke Yang

Feb 5, 2026

PTC's first-quarter results easily beat guidance, with revenue up 19% and annual run rate, or ARR, up 9% in constant currency. The strong revenue growth also stabilized adjusted operating margin at a relatively healthy level of 45%.

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PTC Inc

PTC Earnings: Consistent Growth Profile Shows Broad-Based Strength; AI Threat Manageable

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