EarningsQ2 2026 Earnings Report
EQBBF Q2 2026 EPS Results
Actual EPS$0.66
Consensus EPS$0.57
Beat/MissBeat by +$0.09
One Year Ago EPS$0.65
EQBBF Q2 2026 Revenue Results
Actual Revenue$1.23B
Expected Revenue$1.47B
Beat/MissMissed by -$237.19M
YoY Revenue Growth-12.26%
Earnings Announcement Details
QuarterQ2 2026
Date07/17/2026
TimeBefore Open
Conference CallFriday, July 17, 2026
EQBBF Upcoming Earnings
EQT AB's next earnings date is estimated for October 15, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlights strong platform momentum: rapid growth in AUM and new fund launches, exceptional AI Infrastructure traction (NAV up sharply), robust deal flow, meaningful value creation across infrastructure and private capital, and healthy fundraising progress (EQT XI, BPEA IX, Scaleup Europe Fund). Challenges are largely timing- and market‑sensitivity related: some slower exit timing in H1, carry recognition concentrated in specific funds with some carry delayed to 2028+, selective fundraising headwinds in certain strategies (private credit, parts of real estate historically), and near-term cost/investment needs. Overall, the positive operational and financial momentum and clear fundraising wins outweigh the manageable near-term challenges and timing uncertainties.Company Guidance
AUM and Platform Scale Expansion
Fee-generating AUM grew to EUR 155bn (from ~EUR 36bn at IPO); total AUM EUR 291bn and pro forma including Coller and Scaleup fund ~EUR 345bn as of June 30, 2026 — demonstrating significant platform scale and diversification.
Fundraising Momentum and New Fund Launches
Strong fundraising activity: EQT XI secured 50% of its EUR 23bn target at first close; Infra VII launched with a EUR 21bn target; BPEA IX hit hard cap at $15.6bn; Scaleup Europe Fund targeting EUR 5bn with demand above target; more than 20 funds currently in market.
AI Infrastructure Fund Rapid Growth
EQT AI Infrastructure Fund NAV surged from $2.4bn to $9.4bn in under three months, with fee rate currently ~50–75bps (closer to 50bps) and the majority being primary capital to fund EdgeConneX growth.
Strong Investment Activity and Deal Flow
Put EUR 19bn of capital to work in H1 and generated EUR 9bn of co-investments overall; private capital put EUR 5bn to work plus ~EUR 5bn co-invest; notable transactions include the GBP 11bn Intertek take-private and several Asia public-to-private deals.
Value Creation and Portfolio Performance
Key fund valuations up ~5% in Q2 and +8% over 12 months; infrastructure delivered double-digit uplift led by digital and energy; private capital Europe & North America EBITDA growth +14% year-over-year; EQT X portfolio EBITDA growth +24% over 12 months.
Revenue, Carried Interest and Investment Income Growth
Total revenue grew ~5% year-over-year; carried interest and investment income increased ~40%; investment income on balance sheet investments exceeded EUR 200m in H1 and cash carry ~EUR 400m in H1.
Client Returns and Distributions
Delivered ~EUR 17bn of distributions to clients in H1 2026 and maintaining ambition to deliver exits broadly in line with 2025 (EUR 40bn distributions for the year), supported by a diversified exit pipeline including IPOs and minority sales.
Private Wealth and Evergreen Momentum
Private wealth/evergreen offerings reached a milestone of EUR 10bn in NAV (including Coller); limited redemptions (~0.5% of NAV per quarter) and continued product expansion into wealth channels supported by Coller acquisition.
Balance Sheet Strength and Capital Returns
Low leverage, no bond maturities until 2028, revolver undrawn; returned ~EUR 750m to shareholders over the last 12 months via dividends and buybacks; strategic balance sheet investments ~EUR 2bn to seed evergreens and bridge funds.
EQBBF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed