PTC launches Onshape Labs early-access program to embed AI capabilities in product development

PTC launches Onshape Labs early-access program for AI tools By Investing.com

BOSTON - PTC (NASDAQ:PTC) announced today the launch of Onshape Labs, an early-access program within its Onshape cloud-native CAD and PDM platform that allows participating customers to test emerging functionalities before general release. The program will provide early access to new capabilities, including AI-powered features integrated into the product development workflow. Broader availability is expected later this summer through an opt-in option in Onshape's "Preferences" settings, according to a press release statement. Initial capabilities available in the early-access program include AI Quick Render, which generates high-quality renderings based on text prompts, and workflows connecting Onshape to NVIDIA Isaac Sim for robotics simulation. Additional capabilities planned for the program include AI Agents and Automation for task execution and standards enforcement, a Drawing Checker to validate drawings against standards, and FeatureScript MCP Server for prompt-based CAD geometry creation. "With Onshape Labs, we're putting these capabilities directly in customers' hands early, learning from how they use them, and turning that feedback into meaningful product value," said David Katzman, EVP and General Manager of Onshape and Arena at PTC. The program aims to allow customers to provide feedback during the development cycle of new features. PTC stated it may refine, modify, discontinue, or release any Onshape Labs capability at its discretion. PTC, headquartered in Boston, Massachusetts, employs over 7,000 people and supports more than 30,000 customers globally. The company provides software for manufacturers and product companies to design, manufacture, and service products.Despite the stock declining 25% over the past six months, InvestingPro data reveals PTC maintains impressive fundamentals with a perfect Piotroski Score of 9 and gross profit margins exceeding 84%. The platform's Fair Value analysis suggests the stock is currently undervalued, placing it among opportunities on the Most Undervalued list. For deeper insights, investors can access PTC's comprehensive Pro Research Report, one of 1,400+ available on InvestingPro, which transforms complex financial data into actionable intelligence. In other recent news, PTC Inc. reported impressive financial results for Q2 2026, with earnings per share reaching $2.69, surpassing analyst expectations of $2.10. The company's revenue also exceeded projections, coming in at $774 million compared to the anticipated $711.9 million. PTC has subsequently raised its fiscal 2026 revenue and EPS guidance, reflecting a positive outlook for the year. In addition to its financial performance, PTC has launched PTC Orbit, a cloud-native asset intelligence platform that integrates data across various enterprise systems using artificial intelligence. At the PTC NEXT Chicago event, the company also unveiled PTC Jetstream, a collaboration tool designed for sharing and reviewing product data. Furthermore, Mazda Motor Corporation has chosen PTC's Codebeamer for its software-defined vehicle development, enhancing standardization and traceability in its processes. Additionally, PTC has partnered with Whatfix to enhance the adoption of its Product Lifecycle Management software systems, focusing on sectors like automotive and medical devices. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

PTC Introduces Onshape Labs Early-Access Program For Emerging AI Capabilities In Product Development Workflow

PTC announced the Onshape Labs initiative, a new early-access program within its Onshape cloud-native CAD and PDM platform that gives participating customers a first look at emerging functionalities, including new uses of AI, delivered directly inside the product development workflow. Broader availability is expected later this summer, when users will be able to opt in through the Onshape 'Preferences' settings under 'Onshape Labs.' Onshape's cloud-native architecture changes that by capturing every design decision in real time and creating the structured data and context that enables AI to understand design intent, learn from past work, and take action. Onshape Labs is how PTC intends to bring these capabilities to customers quickly, embedding AI into everyday engineering work rather than layering it on around the edges. Through Onshape Labs, customers will be able to opt in for early access to emerging capabilities and provide feedback that help shape their development. Initial innovations include: AI Quick Render: Prompt-based generation of high-quality renderings in seconds; Onshape to Isaac Sim workflows: Bring CAD assets into NVIDIA Isaac Sim, an open robotics simulation framework, with Omniverse Libraries supporting simulation-ready visualization for robotics teams. Capabilities expected soon in Onshape Labs: AI Agents and Automation: Capabilities that perform tasks, enforce standards, and operate alongside engineers with full visibility and control; Drawing Checker: AI-powered validator that ensures drawings conform to standards; FeatureScript MCP Server: A unique framework offering Text-to-Code-to-CAD, enabling prompt-based CAD geometry creation and CAD customization. PTC may, in its sole discretion, refine, modify, discontinue, or generally release any Onshape Labs capability. With Onshape and the rest of its portfolio, PTC is delivering on its vision for the Intelligent Product Lifecycle: enabling manufacturers and product companies to build a product data foundation, extend the value of that data across their enterprise, and accelerate AI-driven transformation. Broader use of product data enables companies to bring higher quality products to market faster, better manage product complexity, meet regulatory and compliance standards, and much more.