Artisan Partners Asset Management

Q2 FY2026 EarningsQ2 FY26 delivered a solid beat against consensus estimates: revenue of $307.9M exceeded the $301.3M expectation, and adjusted EPS of $0.94 beat the $0.91 consensus. Despite a significant $10.5B in net client outflows—primarily driven by the $6.4B termination of U.S. Value mandates—total AUM rose 6% QoQ to $183.4B due to $21.2B in market appreciation. Management declared an increased dividend of $0.80 per share, supported by resilient adjusted operating margins of 32.9%.