Bentley Systems Q1 revenue rises 14.5%, beats estimates

Bentley Systems,

07/05/2026 12:23

Overview

Infrastructure engineering software firm's Q1 revenue rose 14.5% yr/yr, beating analyst expectations

Adjusted EPS for Q1 increased to $0.38 from $0.35 last year

Company repaid 2026 convertible notes and closed $550 mln term loan post-quarter

Outlook

Company did not provide specific financial guidance for the current quarter or full year

Result Drivers

SUBSCRIPTION GROWTH - Q1 revenue growth was driven by a 14.7% yr/yr increase in subscriptions revenue and 11.5% constant-currency ARR growth, per CFO Werner Andre

RESOURCES BUSINESS - Performance in the Resources business was the fastest-growing sector, according to CEO Nicholas Cumins

AI INITIATIVES - Ongoing AI initiatives are being implemented across the portfolio to support AI-driven workflows and future value creation, per CEO Nicholas Cumins and Executive Chair Greg Bentley

Company press release: ID:nBw96V7Nta

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$424.18 mln
$419.81 mln (14 Analysts)
Q1 Net Income
$95.35 mln
Q1 EBIT
$126.26 mln
Q1 Gross Profit
$350.41 mln
Q1 Pretax Profit
$118.56 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Bentley Systems, Inc is $48.00, about 49.7% above its May 6 closing price of $32.07

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 26 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)