Bentley Systems beats Q3 expectations and raises recurring-revenue outlook
Bentley Systems reported its Q3 2026 results on November 5, with adjusted EPS of $0.36 and revenue of $421.5 million, up 12.2% year over year. The company raised its full-year constant-currency ARR growth outlook to 12.5%-13.5% from 10.5%-12.5%. Adjusted operating income margin improved to 32.1% from 28.1% a year earlier, while Bentley said its Eliis acquisition and Cohesive divestiture would affect the outlook.
Why it matters
The higher ARR outlook improves Bentley's expected recurring-revenue trajectory, while the margin expansion indicates greater operating leverage. The Cohesive transaction will reduce fourth-quarter revenue by approximately $12 million, according to the company, partly offsetting the outlook improvement.
Key facts
- 1Bentley reported adjusted Q3 EPS of $0.36, which was $0.03 above the consensus estimate of $0.33. investing.com
- 2Q3 revenue was $421.5 million, representing 12.2% year-over-year growth. investing.com
- 3Bentley raised its full-year constant-currency ARR growth guidance to 12.5%–13.5% from 10.5% to 12.5%. finance.yahoo.com
- 4Adjusted operating income less operating stock-based compensation was $135 million, with a 32.1% margin versus 28.1% a year earlier. finance.yahoo.com
- 5The company set full-year revenue guidance at $1.673 billion to $1.703 billion and adjusted operating income less operating stock-based compensation guidance at $495 million to $510 million. finance.yahoo.com
- 6Bentley said the Cohesive transaction is expected to reduce fourth-quarter revenue by approximately $12 million. finance.yahoo.com
Open questions
- Materials report different Q3 revenue figures on the same basis: $421.5 million, $421.51M and $421.8M.
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.