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

Bentley Systems (NASDAQ:BSY) issued its quarterly earnings data on Thursday. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03, Briefing.com reports. Bentley Systems had a net margin of 18.10% and a return on equity of 28.43%. The business had revenue of $410.73 million during the quarter, compared to the consensus estimate of $412.12 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year.

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 Trading Down 0.4%

Bentley Systems stock traded down $0.15 during trading hours on Friday, reaching $35.21. 3,055,603 shares of the company’s stock were exchanged, compared to its average volume of 2,755,749. The company has a quick ratio of 0.51, a current ratio of 0.59 and a debt-to-equity ratio of 1.01. The firm’s 50 day simple moving average is $32.14 and its 200 day simple moving average is $33.95. Bentley Systems has a twelve month low of $28.08 and a twelve month high of $57.25. The firm has a market capitalization of $10.29 billion, a PE ratio of 38.69, a PEG ratio of 2.27 and a beta of 0.98.

Bentley Systems Announces Dividend

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

Institutional Investors Weigh In On Bentley Systems

Several institutional investors and hedge funds have recently made changes to their positions in BSY. Los Angeles Capital Management LLC bought a new stake in Bentley Systems in the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. boosted its holdings 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Bentley Systems during the 3rd quarter worth approximately $37,000. IFP Advisors Inc grew its position in shares of Bentley Systems by 174.5% during the 3rd quarter. IFP Advisors Inc now owns 763 shares of the company’s stock worth $39,000 after buying an additional 485 shares during the period. Finally, Royal London Asset Management Ltd. acquired a new stake in shares of Bentley Systems during the 4th quarter worth approximately $32,000. Institutional investors own 44.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BSY shares. Barclays decreased their target price on shares of Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, May 29th. Zacks Research downgraded Bentley Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 21st. Mizuho cut their price objective on Bentley Systems from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. BMO Capital Markets boosted their price objective on Bentley Systems from $41.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Bank of America began coverage on Bentley Systems in a report on Tuesday, May 12th. They issued a “buy” rating and a $40.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

More 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

Bentley Systems Company Profile

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.