Earnings Releases·Nov 5, 2026, 7:04 AM ET

Bentley Systems — Third Quarter 2026 Earnings Summary

Total revenues reached $421.5 million, up 12.2% year-over-year, while Adjusted EPS rose to $0.36 from $0.27; operating income margin expanded to 29.1% and Annualized Recurring Revenues (ARR) grew 13% to $1,582.8 million.
Management raised the full-year constant currency ARR growth guidance to 12.5-13.5%, excluding the impact of the Cohesive divestiture, while confirming revenue, adjusted operating income, and free cash flow remain on track.
Strategic activity included the October divestiture of Cohesive to Naviam and the October acquisition of Eliis to expand Seequent's subsurface capabilities, supported by ample financial flexibility for future acquisitions and capital returns.
Growth was driven by the Resources segment and Public Works & Utilities, with 70% of Year in Infrastructure Award finalists leveraging AI, reflecting strong market demand for infrastructure AI solutions.