Bentley Systems publishes transcript of Q2 2026 results call
BSY•Q2 2026 results call highlights
Bentley Systems’ Q2 2026 results webcast drew Executive Chair Greg Bentley, CEO Nicholas Cumins, CFO Werner Andre, and IR officer Eric Boyer.
- Q2 revenue was USD 411 million, up 12.8%.
- Subscription revenue accounted for 92% of total revenue, up 13.6%.
- Annual recurring revenue (ARR) was USD 1.54 billion, up 12% in constant currency.
- Constant-currency net revenue retention was 109%.
- The company added 600+ new SMB logos via Virtuoso; management said resources, especially mining, were the fastest-growing.
- Bentley said its infrastructure AI push expanded from 1 to 6 MCP servers.
- The company said its open approach supports third-party assistants and that monetization is expected to start in 2027.
- Free cash flow was USD 64 million in Q2.
- 2026 outlook is USD 500 million to USD 570 million.
