Dassault Systèmes (DSY) Q3 2026 earnings summary

Executive summary

• Q3 revenue and software revenue grew 5% in constant currencies; non-IFRS operating margin rose 150 bps to 31.6%, and diluted EPS increased 10% in constant currencies to €0.32.

• Raised FY26 objectives reflect stronger execution and include ArisGlobal; priorities include 3DEXPERIENCE, cloud, AI-native industrial solutions and unified Life Sciences capabilities.

Financial highlights

• Q3 IFRS revenue was €1,551.9m, up 6% reported; software revenue was €1,393.5m, up 6%, and services revenue was €158.4m, up 8%.

• Q3 non-IFRS operating income was €490.2m, up 11% reported; non-IFRS diluted EPS was €0.32, up 10% in constant currencies.

• Q3 IFRS net income attributable to shareholders was €290.9m, up 6%, and IFRS diluted EPS was €0.22, up 8%.

• 9M revenue was €4,617.4m, up 4% in constant currencies; non-IFRS operating income was €1,413.8m, up 7% in constant currencies, and non-IFRS EPS was €0.93, up 7%.

Outlook and guidance

• FY26 non-IFRS revenue objective rose to €6,399–6,459m, growth of 4%–5%; operating margin target is 32.5%–32.7%, and diluted EPS is €1.35–1.36, growth of 6%–7% in constant currencies.

• FY26 reported EPS growth objective is 3%–4%; guidance includes ArisGlobal and assumes $1.16/€ and JPY180.5/€.

• Q4 objectives are revenue growth of 5%–8% in constant currencies, operating margin of 37.2%–37.8% and diluted EPS of €0.42–0.43; ArisGlobal contributes 2 points of revenue growth.