Bentley Systems (NASDAQ:BSY) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

08 Aug 2026, 02:40 by Tristan Rich · The Markets Daily

Bentley Systems (NASDAQ:BSY – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03, Briefing.com reports. The company had revenue of $410.73 million during the quarter, compared to the consensus estimate of $412.12 million. Bentley Systems had a net margin of 18.10% and a return on equity of 28.43%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 earnings per share.

Here are the key takeaways from Bentley Systems’ conference call:

Strong Q2 execution: Revenue rose 12.8% year over year to $411 million, while ARR growth accelerated to 12%, net revenue retention remained 109%, and recurring revenues increased 13.5% over the last 12 months.
Demand was especially strong in resources, mining, public works and utilities, and electric-grid infrastructure. Power Line Systems continued to expand internationally, while customers reported healthy project backlogs and durable investment needs tied to grid resiliency, electrification, and critical minerals.
Bentley is expanding its AI strategy through six MCP servers that connect deterministic engineering applications with third-party AI assistants. Management said customer interest is strong and expects to begin monetizing machine-speed/API consumption in 2027, although adoption and validation remain the near-term priorities.
The company remains on track for its full-year outlook, including $500 million–$570 million of free cash flow and annual constant-currency margin improvement. Bentley repurchased $155 million of shares in the first half, including 3.1 million shares in Q2, while maintaining net-debt leverage at 1.9 times adjusted EBITDA.
A stronger U.S. dollar is creating a financial headwind; if late-July exchange rates persist, management expects an additional $8 million–$10 million reduction in second-half revenue versus its original 2026 assumptions.

Bentley Systems Price Performance

NASDAQ:BSY traded down $0.15 during mid-day trading on Friday, reaching $35.21. The stock had a trading volume of 3,055,603 shares, compared to its average volume of 2,755,749. Bentley Systems has a 12 month low of $28.08 and a 12 month high of $57.25. The stock has a market capitalization of $10.29 billion, a PE ratio of 38.69, a P/E/G ratio of 2.27 and a beta of 0.98. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.59 and a quick ratio of 0.51. The stock has a 50-day simple moving average of $32.14 and a two-hundred day simple moving average of $33.95.

Bentley Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 2nd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 2nd. Bentley Systems’s dividend payout ratio (DPR) is 31.82%.

Institutional Investors Weigh In On Bentley Systems

A number of large investors have recently modified their holdings of BSY. Geneos Wealth Management Inc. lifted its position in shares of Bentley Systems by 1,529.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock worth $26,000 after buying an additional 627 shares during the last quarter. Invesco Ltd. grew its position in Bentley Systems by 2.6% in the second quarter. Invesco Ltd. now owns 375,054 shares of the company’s stock valued at $20,242,000 after acquiring an additional 9,557 shares during the last quarter. First Trust Advisors LP grew its position in Bentley Systems by 97.5% in the second quarter. First Trust Advisors LP now owns 160,644 shares of the company’s stock valued at $8,670,000 after acquiring an additional 79,286 shares during the last quarter. Brown Advisory Inc. acquired a new position in Bentley Systems during the second quarter worth about $212,000. Finally, Cresset Asset Management LLC acquired a new position in Bentley Systems during the second quarter worth about $248,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

Analysts Set New Price Targets

BSY has been the topic of a number of recent research reports. Weiss Ratings lowered Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, July 16th. BMO Capital Markets upped their target price on Bentley Systems from $41.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday. Barclays reduced their target price on Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating on the stock in a report on Friday, May 29th. UBS Group decreased their price target on Bentley Systems from $43.00 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Finally, Mizuho dropped their price target on Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Bentley Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Read Our Latest Analysis on BSY

Key Bentley Systems News

Here are the key news stories impacting Bentley Systems this week:

Positive Sentiment: BMO Capital Markets raised its price target on Bentley Systems from $41 to $43 and upgraded the stock to “outperform,” implying substantial upside from recent levels. The Fly
Positive Sentiment: Second-quarter EPS beat expectations: BSY reported adjusted earnings of $0.35 per share versus the $0.32 consensus and $0.32 a year earlier. Revenue increased 12.8% year over year to $410.7 million, indicating continued growth. Bentley Systems Surpasses Q2 Earnings Estimates
Positive Sentiment: Management’s outlook is supported by strong performances from the Seequent and Power Line Systems businesses, robust small- and medium-sized business annual recurring revenue growth, and healthy net revenue retention. Improving architecture billings and non-residential construction spending may also support demand. Bentley Systems: Bullish on Q2 EPS Beat and Improving Industry Trends
Positive Sentiment: Coverage of BSY’s AI strategy and product expansion suggests that new technology initiatives and favorable infrastructure-sector trends could provide additional longer-term growth catalysts. BSY Q2 Deep Dive
Neutral Sentiment: The quarterly revenue result was broadly in line with expectations, but it came in modestly below the $412.1 million analyst estimate. Investors may therefore focus on future bookings, recurring-revenue trends, and guidance for evidence that growth can accelerate. BSY Q2 Earnings Results

About Bentley Systems

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Bentley Systems, Inc is a global software provider specializing in infrastructure engineering applications for the design, construction, and operations of roads, bridges, rail and transit systems, water and wastewater networks, power plants and grids, industrial facilities, and communications infrastructure. Founded in 1984 by brothers Keith and Barry Bentley, the company is headquartered in Exton, Pennsylvania, and maintains offices and development centers across North America, Europe, Asia, and Australia.