PCell stands for parameterized cell, a concept used widely in the automated design of analog integrated circuits. A PCell represents a part or a component of the circuit whose structure is dependent on one or more parameters. Hence, it is a cell which is automatically generated by electronic design automation (EDA) software based on the values of these parameters. For example, one can create a transistor PCell and then use different instances of the same with different user defined lengths and widths. Vendors of EDA software sometimes use different names for the concept of parameterized cells, e.g. T-Cell and Magic Cell.
In electronic circuit designs, cells are basic units of functionality. A given cell may be placed or instantiated many times. A PCell is more flexible than a non-parameterized cell because different instances may have different parameter values and, therefore, different structures. For example, rather than having many different cell definitions to represent the variously sized transistors in a given design, a single PCell may take a transistor's dimensions (width and length) as parameters. Different instances of a single PCell can then represent transistors of different sizes, but otherwise similar characteristics.