PTC Stock Surges Over 7% Overnight: Why Is It Moving?

PTC Inc. (NASDAQ:PTC) surged 7.53% to $147.06 in after-hours trading on Wednesday after the industrial software firm beat second-quarter fiscal 2026 revenue estimates by 8.63% and earnings per share by 33.83%.
What Does Q2 Data Say?
PTC reported second-quarter revenue of $774.30 million and EPS of $2.69. The company’s revenue grew 15% on a constant currency basis.
Constant-currency annual recurring revenue (ARR), which measures subscription revenue without the effects of foreign exchange fluctuations, grew 8.5%, excluding businesses that were divested.
Operating cash flow rose 14% to $321 million while free cash flow climbed 14% to $318 million. Non-GAAP operating margin expanded 600 basis points to 53%.
What Investors Need To Know
Chief Financial Officer Jen DiRico said, “We are executing