Perella Weinberg Partners

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus, featuring a top-line beat alongside an EBIT miss, while EPS slightly exceeded expectations due to non-operating factors. Revenue of $156.5M surpassed the $144.8M consensus (+8.1% YoY), driven by increased M&A transaction volume. However, EBIT of $5.1M missed the $6.7M estimate by 24.7%, weighed down by $13.7M in business realignment costs. Diluted EPS of $0.06 beat the $0.055 consensus, primarily supported by a significant tax benefit (-4.1% effective rate vs. 28.9% expected) and a $4.3M litigation insurance recovery credit.