Bentley Systems (BSY) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.35
- Estimate
- $0.32
- Surprise
- +9.8%
- Revenue (period 2026-06-30)
- $410.7M
- Score at report (before → after)
- 5.7 → 5.7/10
Revenue source: xbrl.
How the report landed
Bentley Systems (BSY) beat the $0.32 estimate with diluted EPS of $0.35 — a clear 9.8% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.7/10) to Hold at 5.7/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates BSY Sell at 5.6/10.
3 of the last 4 quarters beat the estimate; this quarter's +9.8% surprise compares with a +4.8% four-quarter average. Next scheduled report: 2026-11-04.
What supports the rating
- Strong earnings beat streak (3/4)
- High-quality business
What argues against it
- Concentration risk — Geographic: outside U.S. (59.0%)
- Thin upside margin: 7.9%
- Leverage penalty (D/E 1.1): -0.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $37.08
- Price target
- $40.02
- Stop
- $34.48
- Upside to target
- +7.9%
- Reward-to-risk
- 0.6:1
The stock trades at 40.3× trailing but 23.6× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-08-23 — shown for context, not personalized investment advice.
BSY at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Application
- Market cap
- $11.20B
- P/E (fwd)
- 23.6
- P/E (ttm)
- 40.3
- 52-week range
- $28.08–$57.25
- Off 52-week high
- 35.2%
- RSI (14)
- 58
- Volume vs avg
- 0.59×
- Score today
- 5.6/10