Recent Updates — PTC

Schneider Electric SE has entered into a definitive Agreement and Plan of Merger to acquire PTC Inc. in an all-cash transaction valued at approximately $22.6 billion, or $205 per share. The acquisition represents a 42.3% premium to PTC's last closing price and is expected to close by the third quarter of 2027, subject to shareholder approval and regulatory clearances including Hart-Scott-Rodino and CFIUS reviews. Schneider Electric plans to fund the transaction through a combination of equity issuance and debt financing, with a committed $25 billion bridge facility in place. The deal aims to create a leading industrial software and AI franchise by combining PTC's product lifecycle management capabilities with Schneider Electric's energy intelligence platforms. PTC Inc. is a global leader in complex industrial product design, engineering, and data management software.

PTC Inc. reported third fiscal quarter results ended June 30, 2026, with revenue of $600 million and non-GAAP earnings per share of $1.58. Constant currency ARR excluding divested businesses grew 9.1%, exceeding guidance. The company raised full-year FY'26 guidance for ARR to 9%-9.5% growth, revenue to $2.69-$2.75 billion, and EPS to $8.46-$9.18. PTC repurchased approximately $525 million of shares in Q3, bringing total FY'26 buybacks above the high end of its target. The company operates in the software industry, providing product lifecycle management solutions.