Infrastructure design software provider Bentley Systems (NASDAQ: BSY) will be reporting results this Wednesday morning. Here’s what investors should know.

Bentley beat analysts’ revenue expectations by 1.4% last quarter, reporting revenues of $370.5 million, up 9.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ billings estimates.

Is Bentley a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Bentley’s revenue to grow 10% year on year to $363.4 million, slowing from the 11.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.29 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bentley has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Bentley’s peers in the software-as-a-service segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Manhattan Associates delivered year-on-year revenue growth of 2.7%, beating analysts’ expectations by 3.3%, and Palantir reported revenues up 48%, topping estimates by 6.8%. Manhattan Associates traded up 7% following the results.

Read our full analysis of Manhattan Associates’s results here and Palantir’s results here.

Debates around the economy’s health and the impact of potential tariffs and corporate tax cuts have caused much uncertainty in 2025. While some of the software-as-a-service stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3% on average over the last month. Bentley is up 4.3% during the same time and is heading into earnings with an average analyst price target of $54.31 (compared to the current share price of $57.90).

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