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

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

Shares of NASDAQ BSY traded down $0.15 during mid-day trading 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 firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 38.69, a PEG 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. The business has a fifty day simple moving average of $32.14 and a 200 day simple moving average of $33.95. Bentley Systems has a twelve month low of $28.08 and a twelve month high of $57.25.

Bentley Systems Dividend Announcement

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 $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 2nd. Bentley Systems’s dividend payout ratio is 31.82%.

Hedge Funds Weigh In On Bentley Systems

Several institutional investors and hedge funds have recently modified their holdings of the business. Cresset Asset Management LLC increased its position in Bentley Systems by 6.5% in the 3rd quarter. Cresset Asset Management LLC now owns 4,882 shares of the company’s stock valued at $251,000 after acquiring an additional 296 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Bentley Systems by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 49,175 shares of the company’s stock worth $2,532,000 after purchasing an additional 305 shares during the period. Lansforsakringar Fondforvaltning AB publ lifted its holdings in shares of Bentley Systems by 0.7% during the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 50,048 shares of the company’s stock worth $1,910,000 after purchasing an additional 326 shares during the period. Global Retirement Partners LLC grew its stake in shares of Bentley Systems by 63.7% in the fourth 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, Blair William & Co. IL grew its stake in shares of Bentley Systems by 1.9% in the third quarter. Blair William & Co. IL now owns 19,610 shares of the company’s stock worth $1,010,000 after purchasing an additional 365 shares during the last quarter. 44.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. UBS Group reduced their target price on Bentley Systems from $43.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Mizuho lowered 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. Barclays cut their price target on shares of Bentley Systems from $49.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Friday, May 29th. BMO Capital Markets lifted their price objective on shares of Bentley Systems from $41.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, BNP Paribas Exane began coverage on shares of Bentley Systems in a report on Thursday, June 18th. They set an “outperform” rating and a $40.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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

About Bentley Systems

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.