Icahn Enterprises

Q2 FY2026 EarningsQ2 FY26 results significantly missed consensus expectations, reporting a net loss of $355M ($0.52 per LP unit) compared to the expected profit of $73M ($0.11 EPS). Despite revenue beating estimates at $3.0B vs. $2.4B expected, massive investment losses and a $765M sequential decline in Indicative Net Asset Value (NAV) drove the underperformance. Management maintained the $0.50 per unit distribution despite the widening Adjusted EBITDA loss of $134M.