Bentley Systems beats third quarter 2026 expectations as ARR growth accelerates to 13%

Bentley Systems reported third quarter 2026 results that exceeded analyst estimates on both top and bottom lines. Total revenues reached $421.5 million, supported by a 12.9% constant currency increase in subscription revenues. The company's key recurring revenue metric showed strong momentum, with constant currency ARR growth accelerating to 13%, driven by strength in the Resources and Public Works & Utilities sectors.

Key Highlights

• Total revenues of $421.5 million represented 12.2% year-over-year growth, slightly ahead of the $420.56 million estimate.
• Adjusted EPS of $0.36 outperformed the $0.33 consensus as adjusted operating margins expanded to 32.1%.
• Constant currency ARR growth reached 13% as of September 30, 2026, leading management to raise full-year guidance to a range of 12.5% to 13.5%.
• Strategic capital allocation included the divestiture of the IBM Maximo-related Cohesive business and the acquisition of seismic software provider Eliis.