Bentley Systems (BSY) Q2 2026 Earnings Call Transcript

Bentley Systems reported strong second-quarter momentum on Aug. 6, 2026, with total revenue of $410.7 million, up 12.8% year over year, driven by subscription growth across all regions. Subscription revenue rose 13.6% to $378.6 million, supported by Enterprise 365 and SMB initiatives. Annualized recurring revenue (ARR) reached $1.536 billion, up 12% on a constant-currency basis, while net revenue retention held at 109%. Adjusted EPS increased to $0.35 from $0.32. Free cash flow was $63.8 million, and management reaffirmed 2026 FCF guidance of $500 million to $570 million.