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
- Adjusted 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 adjusted 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 5.8/10.
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
- V7 quality resilience bonus: +0.2 (Q=7.5 in RISK_OFF)
- Strong earnings beat streak (3/4)
What argues against it
- Concentration risk — Geographic: outside U.S. (59.0%)
- Thin upside margin: 9.9%
- Sector modifier (Technology): -0.8
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
- $35.97
- Price target
- $39.54
- Stop
- $33.45
- Upside to target
- +9.9%
- Reward-to-risk
- 0.7:1
The stock trades at 39.5× trailing but 22.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 74 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-07 — 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
- $10.87B
- P/E (fwd)
- 22.8
- P/E (ttm)
- 39.5
- 52-week range
- $28.08–$53.33
- Off 52-week high
- 32.6%
- RSI (14)
- 74
- Volume vs avg
- 1.17×
- Score today
- 5.8/10