Freddie Mac

Q2 FY2026 EarningsQ2 FY26 net revenues of $5.99B beat consensus of $5.36B (+11.68%), driven by a 13% YoY surge in net interest income. Consolidated net income reached $3.84B, primarily bolstered by a significant $880M credit reserve release compared to a build in the prior year. However, net income attributable to common stockholders was -$9M, missing the $0.00 consensus, while common book value per share of -$13.83 fell significantly short of the -$3.09 expectation due to the increasing liquidation preference of senior preferred stock.