Ares Capital

Q2 FY2026 EarningsQ2 FY26 results presented a significant miss on GAAP profitability with EPS of $0.24 vs. $0.47 expected, primarily driven by $183M in net unrealized losses. Total investment income of $768M was slightly below the $770M consensus. Despite the GAAP miss, Core EPS of $0.47 remained resilient and aligned with the $0.4728 mean estimate, supporting a dividend declaration of $0.48. Net Asset Value (NAV) per share declined to $19.35 from $19.94 in the prior year-end, missing the $19.59 consensus.