Bentley Systems (NASDAQ:BSY) Releases Earnings Results, Beats Expectations By $0.03 EPS

Bentley Systems (NASDAQ:BSY) issued its quarterly earnings results on Thursday. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03, Briefing.com reports. The company had revenue of $410.73 million for the quarter, compared to analyst estimates of $412.12 million. Bentley Systems had a return on equity of 28.43% and a net margin of 18.10%.The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the company posted $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 Stock Down 0.4%

BSY traded down $0.15 on Friday, hitting $35.21. 3,055,603 shares of the company were exchanged, compared to its average volume of 2,755,749. The stock’s fifty day moving average is $32.14 and its 200-day moving average is $33.95. Bentley Systems has a 12 month low of $28.08 and a 12 month high of $57.25. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.51 and a current ratio of 0.59. The company has a market cap of $10.29 billion, a PE ratio of 38.69, a PEG ratio of 2.27 and a beta of 0.98.

Bentley Systems Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BSY. Zacks Research lowered Bentley Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 21st. Barclays reduced their price target on Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating for the company in a research report on Friday, May 29th. Mizuho decreased their price target on shares of Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. BNP Paribas Exane assumed coverage on shares of Bentley Systems in a report on Thursday, June 18th. They issued an “outperform” rating and a $40.00 price objective on the stock. Finally, Weiss Ratings lowered shares of Bentley Systems from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, July 16th. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.00.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC bought a new stake in Bentley Systems during the fourth quarter worth $25,000. Geneos Wealth Management Inc. grew its position in shares of Bentley Systems by 1,529.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 668 shares of the company’s stock valued at $26,000 after acquiring an additional 627 shares during the period. Royal London Asset Management Ltd. acquired a new position in shares of Bentley Systems during the 4th quarter worth about $32,000. Global Retirement Partners LLC increased its stake in shares of Bentley Systems by 63.7% during the 4th quarter. Global Retirement Partners LLC now owns 889 shares of the company’s stock worth $34,000 after purchasing an additional 346 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Bentley Systems in the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 44.16% of the company’s stock.

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.