Newmark

Q2 FY2026 EarningsFY26 Q2 beat consensus on the top line with revenue of $888.4M vs. $861.8M expected, driven by strong growth in Management Services and Investment Sales. However, GAAP EPS of $0.11 missed the $0.15 expectation due to higher-than-expected compensation expenses and income tax provisions. Operating cash flow of $114.9M significantly exceeded the $103.0M forecast, reflecting improved working capital management and strong collections.