Quarterly ResultAug 6, 2026, 07:11 AM
Bentley Systems Q2 Revenue $410.7M, EPS $0.25
AI Summary
Bentley Systems reported strong second quarter 2026 financial results, with total revenues increasing 12.8% to $410.7 million and subscriptions revenues growing 13.6% to $378.6 million. Annualized Recurring Revenues (ARR) reached $1,536.0 million, reflecting 12% constant currency growth. The company achieved a net income per diluted share of $0.25 and Adjusted EPS of $0.35, alongside a 15% increase in free cash flow on a last-twelve-months basis. Management highlighted disciplined execution, strength in end markets, and progress in Infrastructure AI, positioning the company favorably within its full-year financial outlook.
Key Highlights
- Total revenues for Q2 2026 were $410.7 million, up 12.8% (12.2% constant currency) year-over-year.
- Subscriptions revenues reached $378.6 million, increasing 13.6% (13.0% constant currency) year-over-year.
- Annualized Recurring Revenues (ARR) stood at $1,536.0 million as of June 30, 2026, with 12% constant currency growth.
- Net income per diluted share was $0.25 for Q2 2026, up from $0.22 in the prior year period.
- Adjusted net income per diluted share (Adjusted EPS) was $0.35, compared to $0.32 last year.
- Free cash flow for Q2 2026 was $63.8 million, an increase from $57.0 million in Q2 2025.
- Last twelve-month recurring revenues dollar-based net retention rate was 109%.
- Net debt leverage was 1.9 times at quarter-end, with a meaningful increase in share repurchases during H1.
Price Impact
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