PTC shares surge 5.72% after-hours as Q1 earnings and revenue exceed estimates, driven by strong deal momentum and strategic divestitures.

PTC Inc. surged 5.72% in after-hours trading following the release of its Q1 fiscal 2026 earnings, which exceeded both Wall Street and internal guidance. The company reported non-GAAP EPS of $1.92 (up 75% year-over-year) and revenue of $686 million (up 21% YoY), driven by strong performance in PLM and CAD divisions and robust recurring revenue growth. Additionally, Oppenheimer reiterated an "Outperform" rating with a $200 price target, citing improved deal activity and the company’s aggressive $1.1–1.3 billion share repurchase plan in fiscal 2026. These results and analyst optimism underscored PTC’s strategic focus on AI-driven product lifecycle solutions and disciplined capital allocation, reinforcing investor confidence in its long-term growth trajectory.