BSYBENTLEY SYSTEMS, INCORPORATED
This is the year Bentley Systems has to prove it’s not just a good story — it’s a real one. The next catalyst is the Q3 2026 earnings release on 2026-11-09, which will anchor the price at $37.08 and test the bull path to $38.93 or the bear fallback to $35.23. The lean is 50% bull, but the real question is whether the company can deliver results that justify the climb. If it does, the path is clear: Q4 2026, Q1 2027, and Q2 2027 all follow the same pattern, each a test of the same thesis. The market is watching to see if Bentley can keep the momentum alive — or if it’s just another company with a nice-looking chart and a lot of empty promises.
The schedule
- Mon21Sep
This event will test the company's ability to maintain momentum following a recent earnings miss, with focus on product mix and cash flow generation. The outcome will reflect how well the company navigates macroeconomic headwinds and its ability to execute on new product launches.
- Mon9Nov
This earnings report will test the company's ability to deliver on its guidance, particularly in the context of a challenging macroeconomic environment. The outcome will be critical for assessing the company's product mix and cash flow performance.
- Tue9Feb
This earnings report will test the company's ability to sustain growth in a challenging macroeconomic environment. The outcome will be critical for assessing the company's product mix and cash flow performance.
- Thu6May
This earnings report will test the company's ability to deliver on its guidance, particularly in the context of a challenging macroeconomic environment. The outcome will be critical for assessing the company's product mix and cash flow performance.
- Thu5Aug
This earnings report will test the company's ability to deliver on its guidance, particularly in the context of a challenging macroeconomic environment. The outcome will be critical for assessing the company's product mix and cash flow performance.
Past
- Thu6Aug
Actual outcome: Mixed · $35.73 at outcome
Bentley Systems beat earnings estimates with an EPS of $0.25 versus the estimate of $0.25, signaling stability. Positive analyst commentary highlighted strong performance from key business units and improving industry trends, which drove the stock higher despite a flat EPS result.
Bentley Systems beat earnings estimates with an EPS of $0.25 versus the estimate of $0.25, signaling stability. Positive analyst commentary highlighted strong performance from key business units and improving industry trends, which drove the stock higher despite a flat EPS result.
- Tue4Aug
Actual outcome: Bear · $35.31 at outcome
Bentley Systems reported earnings of $0.31 per share, matching the estimate, but the stock fell 2.1% following the earnings release. The decline was likely driven by negative sentiment surrounding Amundi's significant reduction in its holdings, which may have signaled reduced institutional confidence in the stock despite the neutral earnings outcome.
Bentley Systems reported earnings of $0.31 per share, matching the estimate, but the stock fell 2.1% following the earnings release. The decline was likely driven by negative sentiment surrounding Amundi's significant reduction in its holdings, which may have signaled reduced institutional confidence in the stock despite the neutral earnings outcome.
- Thu26Feb
Actual outcome: Bull · $38.87 at outcome
Bentley Systems exceeded its bull target after reporting strong Q4 results and providing FY26 revenue guidance of $1.7B that outpaced analyst consensus. While EPS met estimates, the 28.6% year-over-year earnings growth and increased penetration in the small-to-midsized business market reassured investors of the company's growth trajectory despite its premium valuation.
Bentley Systems exceeded its bull target after reporting strong Q4 results and providing FY26 revenue guidance of $1.7B that outpaced analyst consensus. While EPS met estimates, the 28.6% year-over-year earnings growth and increased penetration in the small-to-midsized business market reassured investors of the company's growth trajectory despite its premium valuation.