MGIC Investment

Q2 FY2026 EarningsQ2 FY2026 results significantly exceeded consensus expectations across the board: GAAP EPS of $0.86 beat the $0.76 mean by 13.16%, and GAAP Net Income of $182.1M surpassed the $162.1M estimate. While total revenue of $295.4M was slightly below the $297.5M consensus (-0.72%), bottom-line performance was driven by a sharp reduction in net losses incurred ($11.0M vs $33.2M in Q1) and efficient share repurchases. Management demonstrated aggressive capital return, repurchasing 6.6 million shares in Q2 and authorizing a new $750M buyback program.