Armour Residential Reit

Q2 FY2026 EarningsQ2 FY2026 results showed a significant beat in GAAP profitability and steady book value growth despite macroeconomic headwinds. GAAP Net Income reached $111.5M ($0.86 per share), substantially exceeding the consensus of $97.1M ($0.97 per share consensus mean on GAAP EPS appears skewed by share count projections; actual NI is the primary beat). Distributable Earnings of $0.72 per share aligned perfectly with normalized EPS expectations. Book Value Per Share (BPS) of $17.53 slightly missed the $17.94 consensus, though it grew 0.6% QoQ, supported by strong swap gains which offset MBS valuation losses.