Dassault Systèmes: Partner event offers insights into DSY‘s ambitious product roadmap

研报英文原文证据摘录

Dassault Systèmes: Partner event offers insights into DSY‘s ambitious product roadmap

2 July 2026

Derric Marcon

+33 1 58 98 06 30

European Technology/Software derric.marcon@bernsteinsg.com

Dassault Systèmes Richard Nguyen

+33 1 42 13 54 22

Rating richard.nguyen@bernsteinsg.com

Outperform Specialist Sales

Price Target Kiran Shah, CFA

+44 20 3547 1533

DSY.FP 29.00 EUR kiran.shah@bernsteinsg.com

Dassault Systèmes: Partner event offers insights into DSY's

ambitious product roadmap

We had the opportunity to attend a morning demonstration of DSY products hosted by one

Close Date 1 Jul 2026

of DSY’s key European partners (annual revenue of over €300m across all its product lines).

DSY.FP Close Price (EUR) 18.39

In addition to the presentations focused on the 3DEXPERIENCE platform and simulation

Price Target (EUR) 29.00

solutions, new AI-driven solutions —specifically Leo (including Leo Mechanical Engineer, Leo

Upside/(Downside) 58%

Creative Design, and Leo Knowledge Based Engineering)—and upcoming product releases,

52-Week Range 33.16/15.83

unsurprisingly, took up a significant portion of the event.

EDME 1,589.34

Even though the event was dedicated to SolidWorks users, the product roadmaps for FYE Dec

SolidWorks and CATIA are the same, with CATIA slightly more progressed. Div Yield 1.5%

Market Cap (EUR) (M) 24,688

Our key takeaways from these presentations and discussions with non-DSY speakers are as EV (EUR) (M) 22,298

follows: Performance YTD 1M 6M 12M

Absolute (%) (22.9) (9.3) (22.9) (40.2)

The sales push by partners on AI products is very real and has already begun, which contrasts EDME (%) 8.1 2.5 7.4 18.6

with the message conveyed by some brokers since the start of the year. Relative (%) (31.0) (11.8) (30.2) (58.8)

Source: Bloomberg, Bernstein estimates and analysis.