Bentley Systems (NasdaqGS:BSY) Q4 2025 Earnings call February 26, 2026 08:15 AM ET Speaker3Good morning. Thank you for joining Bentley Systems Q4 and full year 2025 results and 2026 financial outlook. I'm Eric Boyer, Bentley Systems Investor Relations Officer. On the webcast today, we have Bentley Systems Executive Chair, Greg Bentley, Chief Executive Officer, Nicholas Cumins, and Chief Financial Officer, Werner Andre. This webcast includes forward-looking statements made as of February 26th, 2026, regardin ...

Synopsys (NasdaqGS:SNPS) Q1 2026 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsGianmarco Conti - Director of Technology Equity ResearchJay Vleeschhouwer - Managing Director of Software ResearchJoshua Tilton - DirectorSassine Ghazi - President and CEOShelagh Glaser - CFOSiti Panigrahi - Managing DirectorTushar Jain - Head of Investor RelationsConference Call ParticipantsCharles Shi - Senior AnalystGary Mobley - Managing Director and Senior Equity AnalystJason Celino - Managing Director and ...

Synopsys (NasdaqGS:SNPS) Q1 2026 Earnings call February 25, 2026 05:00 PM ET Company ParticipantsGianmarco Conti - Director of Technology Equity ResearchJay Vleeschhouwer - Managing Director of Software ResearchJoshua Tilton - DirectorSassine Ghazi - President and CEOShelagh Glaser - CFOSiti Panigrahi - Managing DirectorTushar Jain - Head of Investor RelationsConference Call ParticipantsCharles Shi - Senior AnalystGary Mobley - Managing Director and Senior Equity AnalystJason Celino - Managing Director and ...

Financial Data and Key Metrics Changes - The company reported total revenue of $2.41 billion for Q1 2026, at the high end of guidance, primarily due to timing of Ansys deals [15] - Non-GAAP operating margin was 42.1%, and non-GAAP EPS was $3.77, exceeding expectations [13][16] - Backlog ended at $11.3 billion, indicating a strong and resilient business model [13] Business Line Data and Key Metrics Changes - Design Automation segment revenue was approximately $2 billion, with strong growth in hardware-assisted verification [16] - Design IP segment revenue was $407 million, down approximately 6% year-over-year, indicating a transitional year for the business [16] - Ansys revenue was approximately $886 million, reflecting strong demand for system-level digital engineering and multiphysics simulation [15][16] Market Data and Key Metrics Changes - China revenue grew approximately 21% year-over-year due to the inclusion of Ansys, although excluding Ansys, revenue declined slightly [15] - The company noted a robust design start activity for AI compute, while design starts in consumer, automotive, and industrial markets remained subdued [4][5] Company Strategy and Development Direction - The company is focused on delivering technology promises from the integration of Synopsys and Ansys, with a strong emphasis on AI-driven design capabilities [4][12] - The strategy includes advancing technology leadership and focusing on sustainable growth and margin expansion [11][12] - The planned sale of the processor IP solutions business to GlobalFoundries is aimed at sharpening focus on interconnect and foundation IP [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the IP business driven by robust design starts, particularly in the AI segment [24] - The company anticipates continued demand for silicon-to-system solutions, particularly in industries like semiconductors, aerospace, and automotive [6][10] - Management acknowledged challenges in the Chinese market due to geopolitical factors but remains optimistic about the overall demand for their products [68] Other Important Information - The company has replenished its stock repurchase program with authorization to purchase up to $2 billion of common stock [18] - Free cash flow was approximately $822 million in Q1, with total debt at $10 billion [17] Q&A Session Summary Question: Insights on the IP segment and expected growth - Management highlighted confidence in the IP business due to robust design starts and evolving standards, with expectations for a pickup in the second half of the year [24][25] Question: Seasonal trends in bookings and renewal activity - Management noted that backlog is strong at $11.3 billion, and renewal timing can cause fluctuations, but overall confidence remains high [34] Question: AI's impact on the business - Management stated that AI is amplifying their strategic advantage rather than disrupting it, with ongoing developments in AI-driven design capabilities [5][42] Question: Ansys business forecastability - Management expressed confidence in Ansys's ability to service multiple market segments, indicating broad growth opportunities despite accounting variability [44][46] Question: Updates on the NVIDIA partnership - The partnership is focused on GPU acceleration and creating digital twins for physical AI opportunities, with expectations for product delivery in 2026 [90][92]

Core Viewpoint - Virtualware anticipates a return to double-digit organic revenue growth exceeding 30% for fiscal year 2026, with EBITDA margins projected between 20% and 25% [1][6] Financial Performance - In 2025, Virtualware reported consolidated revenues of €4.32 million, reflecting a year-on-year increase of 2.85%, with an EBITDA of €598,509, resulting in a margin of 13.8% [2] - The company's VIROO XRaaS line generated revenues of €1.95 million in 2025, up from €1.73 million in 2024, indicating successful consolidation of its business model [3] - Virtualware achieved record bookings exceeding €8 million in 2025, the highest in its 20-year history, primarily from government and nuclear projects [4] Strategic Initiatives - The company is in the final year of its 2024–2026 Strategic Plan, focusing on growth and consolidation, supported by a strong backlog and recurring subscription revenues [6] - Virtualware's current liquidity position is reported as the strongest in its history, enabling stability in complex environments [5] Industry Outlook - The nuclear sector is highlighted as a growing area for Virtualware, driven by a global renaissance in nuclear energy due to the demand for clean and safe energy [7] - The company has been collaborating with GE Vernova to build virtual nuclear plants and has appointed a former Chief Nuclear Engineer to its advisory board, indicating a strategic focus on the nuclear industry [8] Recent Developments - In 2025, Virtualware completed its uplisting to Euronext Growth Paris and became a certified B Corp, while also launching a new version of its VIROO platform with enhanced functionalities [9]

Investor Presentation Fourth Quarter 2025 Forward Looking Statement & Non-GAAP Financial Measures This presentation and the accompanying oral commentary contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, any statements about or relating to expectations, projections, trends, plans, ambitions, strategies, and objectives of managemen ...

Core Insights - Lam Research Corp. has appointed Dr. Anirudh Devgan to its board of directors, bringing significant expertise in the semiconductor ecosystem and technology [1][6] Company Overview - Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry, with a commitment to helping customers build smaller and better-performing devices [7] - The company is headquartered in Fremont, California, and operates globally, being recognized as a FORTUNE 500 company [7] Dr. Anirudh Devgan's Background - Dr. Devgan has been with Cadence Design Systems since 2012, serving in various senior leadership roles, including CEO since 2021 and president since 2017 [2] - He is recognized as a leading authority in electronic design automation (EDA) and has pioneered significant advancements in the field [3] - Dr. Devgan holds 27 U.S. patents and is an IEEE Fellow, as well as a member of the National Academy of Engineering [4] Strategic Importance - The addition of Dr. Devgan to the board is expected to enhance Lam Research's operations and innovation, particularly in the context of the AI era [6]

Core Insights - Edge Total Intelligence Inc. (edgeTI) is strategically positioned at the intersection of global defense modernization, digital transformation, AI adoption, and operational scale [1] Industry Overview - The U.S. shipbuilding industry has faced significant challenges, with the U.S. accounting for only 0.1% of global shipbuilding, while China dominates with 53.3% [2] - There is a consensus in the industry that AI and digital twins are essential for addressing shipyard backlogs and enhancing sustainment readiness [3] Company Developments - edgeTI's edgeCore™ platform integrates real-time digital twin intelligence with AI and automation to enhance decision-making and optimize lifecycle performance [4] - The acquisition of software and automation assets from Austal Limited aims to establish new operations in Perth, Australia, enhancing maritime and aviation lifecycle management [5] - The partnership with Austal is expected to deliver integrated, AI-enabled digital twin capabilities crucial for restoring U.S. maritime readiness [6] Strategic Partnerships - edgeTI has expanded its collaboration with Sabel Systems to accelerate digital engineering initiatives in defense manufacturing [8] - This partnership aims to address lifecycle challenges in maritime assets through rapid deployment of mission-ready templates and domain-specific KPIs [9] Leadership and Advisory - The appointment of Lucian Niemeyer to edgeTI's Industry Advisory Council enhances the company's expertise in navigating defense acquisition environments [10] Financial Strength - In late 2025, edgeTI secured an oversubscribed US$8.01 million convertible debenture financing to support accelerated commercialization and digital twin implementations [11] Market Opportunity - The defense and industrial sectors are undergoing modernization, with persistent backlogs and escalating lifecycle costs, where AI-powered digital twins can streamline logistics and predict maintenance needs [12] - The CEO of edgeTI emphasized that digital twins are now operational imperatives, reflecting a strategy to align technology and partnerships for effective decision-making [13]

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Core Insights - Genpact has been recognized as a Leader in the Everest Group Banking Operations – Services PEAK Matrix® Assessment 2025, showcasing its capabilities in delivering end-to-end banking operations through AI-first digital platforms and operational excellence [1][2]. Company Overview - Genpact is an advanced technology services and solutions company that leverages process intelligence and artificial intelligence to provide measurable outcomes for businesses [5]. Banking Operations Capabilities - The company supports a wide range of banking operations, including consumer, commercial, and payments, by integrating deep domain expertise with digital platforms that enhance onboarding, lending, servicing, and transactions [3]. - Genpact's modular assets facilitate consistent decision-making and workflow orchestration across credit and mortgage journeys, reflecting its commitment to modernizing core banking operations at scale [3][4]. Differentiated Approach - The Everest Group report emphasizes Genpact's unique approach to banking operations, stating that banks require platforms and partners that deliver results at scale rather than just pilot projects [4]. - Genpact's integration of advanced technologies, such as agentic AI and digital twins, into core operations enables faster credit decisions, smoother mortgage origination, and improved financial crime controls [4]. Advanced Technologies and Models - Genpact employs AI-enabled modular platforms that enhance risk workflows, improve KYC processes, and boost operational efficiency [6]. - The company utilizes outcome-based commercial models that align pricing with measurable business milestones, including delinquency rates and customer satisfaction [6].