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

Bentley Systems (NASDAQ:BSY) posted its quarterly earnings data on Thursday. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03, Briefing.com reports. The company had revenue of $410.73 million for the quarter, compared to analysts’ expectations of $412.12 million. Bentley Systems had a net margin of 18.10% and a return on equity of 28.43%. Bentley Systems’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior 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 Trading Down 0.4%

Shares of BSY stock 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. The stock’s 50-day moving average price is $32.14 and its two-hundred day moving average price is $33.95. Bentley Systems has a 52-week low of $28.08 and a 52-week high of $57.25. The firm has a market capitalization of $10.29 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 2.27 and a beta of 0.98. The company has a current ratio of 0.59, a quick ratio of 0.51 and a debt-to-equity ratio of 1.01.

Bentley Systems Dividend Announcement

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

Institutional Trading of Bentley Systems

Several large investors have recently added to or reduced their stakes in the stock. State of Wyoming purchased a new stake in Bentley Systems during the 4th quarter valued at $188,000. PNC Financial Services Group Inc. lifted its holdings in shares of Bentley Systems by 22.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,262 shares of the company’s stock valued at $124,000 after buying an additional 598 shares during the period. Advisory Services Network LLC purchased a new position in shares of Bentley Systems in the 3rd quarter worth $59,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Bentley Systems by 66.9% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,000 shares of the company’s stock worth $154,000 after buying an additional 1,202 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Bentley Systems by 17.2% in the third quarter. Van ECK Associates Corp now owns 3,988 shares of the company’s stock worth $205,000 after acquiring an additional 585 shares during the period. Institutional investors own 44.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on BSY. BNP Paribas Exane started coverage on shares of Bentley Systems in a report on Thursday, June 18th. They issued an “outperform” rating and a $40.00 price target on the stock. UBS Group dropped their price objective on shares of Bentley Systems from $43.00 to $40.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Mizuho cut their target price on shares of Bentley Systems from $50.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Piper Sandler upgraded Bentley Systems from a “neutral” rating to an “overweight” rating and raised their price target for the company from $42.00 to $45.00 in a research report on Friday, May 8th. Finally, Barclays dropped their price target on Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating for the company in a research note on Friday, May 29th. 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’s stock. According to MarketBeat, Bentley Systems currently has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Trending Headlines about Bentley Systems

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.