Dassault Systèmes reports its IFRS unaudited estimated financial results for the first quarter 2026 ended March 31, 2026. The Group’s Board of Directors approved these estimated results on April 22, 2026. This press release also includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix.
First Quarter 2026 Summary Highlights1
(unaudited, IFRS & non-IFRS unless otherwise noted,
all growth rates in constant currencies)
- Total revenue and software revenue up 3%, both in line with objectives, with strong performance of Mainstream Innovation
- Annual Run Rate growth of 6% versus last year2, reaching €4.4 billion, reflecting good recurring activity
- IFRS Operating cash flow totaled €0.95 billion up 22%
- 3DEXPERIENCE software revenue up 7%, and cloud software revenue growth of 8%
- Non-IFRS operating margin of 30.3%, underscoring healthy operational efficiency
- Non-IFRS diluted EPS up 4% at €0.30
- Confirming FY26 non-IFRS objectives, capitalizing on first quarter achievements
Dassault Systèmes’ Chief Executive Officer and Chairman of the Board Commentary
Pascal Daloz, Dassault Systèmes’ Chief Executive Officer and Chairman of the Board, commented:
“As we enter 2026, we are executing in line with our priorities and translating our strategy into measurable business outcomes.
Manufacturing industries remain resilient, supported by strategic client wins, while the mainstream market continues to perform well, driven by SOLIDWORKS. Beyond our core, CENTRIC delivered strong growth, reflecting the continued progress of our diversification strategy. In Life Sciences, we completed a landmark transaction, further expanded our platform reach, and strengthened our value proposition.
We are at a clear inflection point as AI redefines operational excellence. Customers are moving from experimentation to industrial-scale deployment and are seeking trusted, agentic AI platforms grounded in deep industrial know-how. This is where Dassault Systèmes stands apart.
Our commitment to 3D UNIV+RSES remains unwavering. We are accelerating both our AI roadmap and go-to-market execution, with a clear focus on monetization and scale. This quarter, we reached key milestones, including new Virtual Companion competencies and the unveiling of our industrial AI architecture, combining science-based Industry World Models with accelerated computing.
Overall, we remain focused on disciplined execution, continuous innovation, and delivering sustainable growth over time.”
Dassault Systèmes’ Chief Financial Officer Commentary
(revenue, operating margin, operating cash flow and diluted EPS (“EPS”) growth rates in constant currencies, data on a non-IFRS basis)
Rouven Bergmann, Dassault Systèmes’ Chief Financial Officer, commented:
"In the first quarter, we delivered performance in line with our objectives - and our growth drivers demonstrate that our strategy is working: 3DEXPERIENCE and Cloud grew at more than twice the rate of overall software revenue while our Annual Run Rate was up 6%. Notably, we generated €949 million operating cash flow underscoring the quality of our earnings and the strength of our business model.
Across our geographies, Europe saw healthy growth this quarter, driven by strong contributions from consumer centric industries. In the Americas, the performance was impacted by a tough comparison base while growth in Transportation & Mobility and Home & Lifestyle was strong. Asia remained resilient led by core industries.
Profitability remained robust. Operating margin of 30.3% and EPS growth of 4% to €0.30 reflect the tangible benefits of our operational discipline. Operating cash flow surged 22% driven by improved working capital dynamics.
Looking ahead, our pipeline is well balanced across end markets, consequently we confirm our full year objectives.”
- Total Revenue: Total revenue in the first quarter grew 3% to €1.51 billion, and software revenue rose 3% to €1.37 billion in IFRS and €1.38 billion in non-IFRS. Subscription & support revenue rose 2%; recurring revenue represented 85% of software revenue. Licenses and other software revenue were up 9% to €200 million. Services revenue increased 3% to €134 million, during the quarter.
- ARR: In the first quarter, ARR grew 6% year-over-year to reach €4.37 billion on a constant currency basis3.
- Software Revenue by Geography: The Americas revenue decreased 1%, mainly due to the strong baseline. The Americas represented 40% of software revenue. Europe (39% of software revenue) increased 7%, with broad-based growth across regions. Asia (21% of software revenue) was up 3%. This mixed performance was due to slight decline of China, offset by good growth in core industries, particularly in Korea, Japan, and India.
- Software Revenue by Product Line:
- Industrial Innovation software revenue was flat to €750 million on a high comparison base, particularly for CATIA. SIMULIA and ENOVIA remained resilient.
- Life Sciences software revenue was down 3% at €259 million. MEDIDATA was negatively impacted by continued headwinds.
- Mainstream Innovation software revenue increased by 14% to €367 million. SOLIDWORKS maintained its strong momentum, while CENTRIC saw a particularly strong return to growth.
- Software Revenue by Industry: Home & Lifestyle, Transportation & Mobility, and Industrial Equipment were the main contributors to growth this quarter.
- Key Strategic Drivers: 3DEXPERIENCE software revenue increased 7% and represented 42% of 3DEXPERIENCE Eligible software revenue, up 3 basis points compared to last year. Cloud software revenue grew 8%, representing 26% of software revenue during the period.
- Operating Income and Margin: IFRS operating income increased 14%, to €348 million, as reported. Non-IFRS operating income decreased 6% at €457 million, as reported, and increased 3% in constant currencies. The IFRS operating margin stood at 23.0% compared to 19.4% in the first quarter of 2025. The non-IFRS operating margin totaled 30.3%, versus 30.9% in the same period of last year.
- Diluted Earnings per Share: IFRS diluted EPS was €0.22, increasing 12% as reported. Non-IFRS diluted EPS grew to €0.30, down 6% as reported and up 4% in constant currencies.
- Cash Flow from Operations (IFRS): Cash flow from operations totaled €949 million, an increase of 17% compared to the first quarter of 2025. Cash flow from operations was principally used for net repayment of debt for €118 million, repurchase of Treasury Shares for €64 million and investment in CAPEX for €23 million.
- Balance Sheet (IFRS): Dassault Systèmes’ net financial position totaled €2.40 billion as of March 31, 2026 compared to €1.79 billion last year. Cash and cash equivalents totaled €4.87 billion as of March 31, 2026.
