Bentley Systems Q2 revenue slightly misses estimates

Bentley Systems

06/08/2026 12:10

Overview
Infrastructure software firm's Q2 revenue rose 13% but slightly missed analyst expectations
Adjusted EPS for Q2 increased to $0.35 from $0.32 a year earlier
Company saw strong growth in subscriptions and ARR, led by Resources and Public Works/Utilities

Outlook
Company did not provide specific guidance for the current quarter or full year in the press release

Result Drivers
SECTOR DEMAND - Growth led by Resources sector and Public Works/Utilities, according to CEO Nicholas Cumins
AI INTEGRATION - Co reported progress in integrating AI into engineering applications, with early customer adoption and positive feedback
PLATFORM INVESTMENT - Implementation of new finance and quote-to-cash platforms absorbed within margin targets, laying foundation for future efficiency

Company press release: ID:nBw3tvNyla

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$410.73 mln
$412.22 mln (14 Analysts)
Q2 Net Income
 
$78.52 mln
 
Q2 EBIT
 
$88.61 mln
 
Q2 Gross Profit
 
$336.74 mln
 
Q2 Pretax Profit
 
$95.07 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 4 "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 $43.95, about 21.9% above its August 5 closing price of $36.04
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
Aug 4 - Workiva Q2 revenue beats analyst estimates on subscription growth 
Aug 4 - Jacobs Q3 adjusted EPS beats estimates; raises 2026 outlook
Aug 5 - Thomson Reuters lifts full-year revenue forecast with focus on AI rollout

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.)