France · Delayed Price · Currency is EUR Dassault Systèmes SE Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 delivered 3% revenue growth and strong cash flow, with recurring ARR up 6% and robust performance in Mainstream Innovation and cloud. Full-year guidance is confirmed, with acceleration expected in H2 and continued investment in AI and M&A.
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Q1 2026 saw 3% revenue growth, strong cash flow, and robust ARR expansion, with momentum in cloud, 3DEXPERIENCE, and mainstream innovation. Full-year guidance is confirmed, with acceleration expected in H2, while strategic deals and AI-driven offerings support long-term growth.
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A leadership transition sees Pascal Daloz appointed Chairman and CEO, ensuring continuity and acceleration of the Industrial AI strategy centered on 3D UNIV+RSES. Bernard Charlès remains as a technology advisor, while management and product innovation efforts are being reinforced to drive growth.
Fiscal Year 2025
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2025 saw modest growth and operational challenges, but recurring revenue and cloud adoption increased, with new AI-powered solutions and 3D Universes introduced. 2026 guidance targets improved margins and a continued shift to subscription and ARR metrics.
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2025 saw modest growth amid macro and segment headwinds, but strategic progress in cloud, AI, and 3DEXPERIENCE set the stage for 2026. Guidance for 2026 is cautious, with a focus on subscription transition, ARR, and margin improvement, while new AI-driven solutions and partnerships drive future growth.
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Q3 saw 5% revenue growth, 16% subscription growth, and 100 bps margin expansion, with strong industrial innovation offsetting Medidata and Centric softness. Full-year revenue guidance was lowered, but EPS targets were maintained, as the shift to recurring and subscription revenue accelerates.
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Q3 saw 5% revenue growth, 10% EPS growth, and a 30.1% operating margin, driven by strong industrial innovation and subscription momentum. Life sciences faced headwinds from lower clinical trial starts, but major contract wins and AI-driven offerings support long-term growth.
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Q2 and H1 2025 saw accelerating revenue growth, strong subscription and 3DEXPERIENCE momentum, and robust performance in manufacturing, aerospace, and high-tech. Guidance for 2025 is maintained, with continued investment in AI, automation, and strategic acquisitions supporting long-term growth.
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Q2 and H1 2025 saw accelerating revenue growth, strong subscription and 3DEXPERIENCE momentum, and resilient performance across key sectors. Full-year guidance is maintained, with continued investment in AI, cloud, and automation, despite FX and market volatility.
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A new strategic era centers on AI for industry and 3D UNIV+RSES, driving a shift to IP-based business models and virtual twin experiences. Financial targets include doubling EPS by 2029, with 3D UNIV+RSES and generative AI contributing €1B in revenue. Rapid adoption is seen across automotive, manufacturing, life sciences, and consumer sectors.
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Q1 2025 delivered strong software and subscription growth, with 3DEXPERIENCE and cloud adoption accelerating. Guidance for 2025 is maintained despite tariff-driven volatility, and strategic investments in AI, cloud, and life sciences are expected to drive future growth.
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Q1 2025 saw strong subscription and 3D Experience growth, with EPS at the high end of guidance. Full-year outlook remains unchanged despite macro volatility, with investments in Gen7 and cloud driving future growth. Strategic deals and acquisitions support resilience across key sectors.
Fiscal Year 2024
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Q4 and full-year 2024 saw strong revenue and EPS growth, driven by major wins in automotive, aerospace, and life sciences, with 3DEXPERIENCE and cloud adoption accelerating. 2025 guidance projects continued growth, margin expansion, and increased recurring revenue.
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Q4 and full-year 2024 saw robust growth in software and subscription revenues, major competitive wins in automotive, aerospace, and life sciences, and the launch of the "3D Universe" platform integrating generative AI. 2025 guidance anticipates continued revenue and margin expansion, supported by a strong backlog of large multi-year contracts.
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Q3 revenue grew 4% year-over-year, led by strong subscription and cloud momentum, despite automotive sector headwinds. Full-year EPS guidance is reaffirmed, but revenue growth guidance is trimmed to 5–7% due to deal timing uncertainty. Robust cash flow and competitive wins in life sciences, consumer, and energy sectors support confidence in Q4 acceleration.
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Q3 2024 saw 4% revenue growth and 8% EPS growth, with strong subscription momentum and resilience in key sectors offsetting automotive headwinds in Europe and the U.S. Guidance for full-year EPS is reaffirmed, but revenue growth is trimmed to 5%-7% due to deal timing and sector volatility.
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Q2 revenue rose 4% and EPS 8%, but customer decision delays led to lowered full-year guidance. Strong H2 pipeline, major wins, and accelerating subscription/cloud adoption support confidence in long-term growth, despite ongoing market volatility.
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Q2 revenue grew 4% and EPS rose 8%, but customer decision delays led to a reduced full-year outlook. Strong H2 pipeline, robust 3DEXPERIENCE and cloud growth, and new product launches support confidence in long-term growth.
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Q2 results missed guidance due to delayed large deals, mainly in aerospace and defense, amid geopolitical uncertainty. Full-year revenue growth outlook is now 6%-8%, with EPS growth of 8%-11% expected. Management remains confident in H2 recovery and ongoing strategic investments.