Equity Profile

OWL

Blue Owl Capital Inc.

FinancialsAsset Management & Custody Banks$6.3B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Blue Owl Capital Inc. is a financial services company focused on asset management and custody banking....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

N/A

Assets Under Management (AUM)

AUM reflects the total market value of assets that Blue Owl manages, indicating its scale and ability to generate revenue.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

OWL Q2-2026 Earnings Preview

Context

Company Snapshot

Blue Owl Capital Inc. is a financial services company focused on asset management and custody banking. With a market cap of $6 billion, it plays a significant role in managing investments for clients, which is crucial in today's economy where financial stability and growth are top priorities for investors.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-23.04%

Avg Stock Reaction

-2.00%

Last Quarter Recap

In Q1-2026, Blue Owl reported an EPS of $0.02, significantly missing the expected $0.19. The stock reacted positively, gaining 9.80% the following day despite the disappointing earnings.

Management Promises & Guidance

Focus on improving profitability in upcoming quarters.
Commitment to enhancing client services and expanding AUM.
Plans to streamline operations for better efficiency.

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Blue Owl's upcoming earnings report, given the recent stock price movements. However, the significant EPS miss last quarter raises concerns about the company's ability to meet expectations this time.

Bull Case

If Blue Owl can demonstrate improved profitability and growth in AUM, it could restore investor confidence and drive the stock higher.

Bear Case

Conversely, another earnings miss or weak guidance could lead to further declines in stock price, especially given the recent history of disappointing results.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

Given the significant miss last quarter, the EPS figure will be crucial in assessing whether the company is on track for recovery.

How much has AUM changed since last quarter?

AUM growth is vital for future revenue, and any decline could signal deeper issues within the company.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Blue Owl's potential for AUM growth due to recent strategic initiatives that have not yet been fully recognized.

Supporting Evidence

The company has committed to enhancing client services, which could drive AUM growth faster than anticipated.

Options pricing suggests a larger move than historical averages, indicating that investors are bracing for significant news.

The recent stock price increase following a poor earnings report may indicate underlying confidence among investors.

Key Risk

If AUM growth exceeds expectations, it could significantly alter the market's perception of Blue Owl's future potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a disappointing earnings report, and investors are keenly watching for signs of recovery.

Bull Confirmed If

A reported EPS of $0.19 or higher would confirm a bullish outlook and indicate a turnaround in profitability.

Bear Confirmed If

An EPS below $0.02 would reinforce concerns about the company's financial health and likely lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±9.61%

Historical Avg

±4.4%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±9.6% while OWL has averaged ±4.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

49.3%

Calls (590K)P/C Ratio: 0.80Puts (326K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Blue Owl beats expectations, history suggests the stock could rise by around 4.45%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity from management commentary.

Miss

A miss could lead to a decline of about 1.48%, reinforcing negative sentiment and concerns about the company's trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on AUM growth and any new client acquisitions.
2Details on cost management strategies and their impact on profitability.
3Management's outlook on market conditions and investment opportunities.
4Any changes in regulatory environment affecting asset management.
5Insights into competitive positioning and how Blue Owl plans to differentiate itself.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Blue Owl Capital Inc. is a financial services company focused on asset management and custody banking....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and helps investors gauge the company's financial health.

N/A

Assets Under Management (AUM)

AUM reflects the total market value of assets that Blue Owl manages, indicating its scale and ability to generate revenue.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

OWL Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-23.04%

Avg Stock Reaction

-2.00%

Last Quarter Recap

In Q1-2026, Blue Owl reported an EPS of $0.02, significantly missing the expected $0.19. The stock reacted positively, gaining 9.80% the following day despite the disappointing earnings.

Management Promises & Guidance

Focus on improving profitability in upcoming quarters.
Commitment to enhancing client services and expanding AUM.
Plans to streamline operations for better efficiency.

Expectations

Wall Street Expectations

Bull Case

If Blue Owl can demonstrate improved profitability and growth in AUM, it could restore investor confidence and drive the stock higher.

Bear Case

Conversely, another earnings miss or weak guidance could lead to further declines in stock price, especially given the recent history of disappointing results.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported EPS for Q2-2026?

Given the significant miss last quarter, the EPS figure will be crucial in assessing whether the company is on track for recovery.

How much has AUM changed since last quarter?

AUM growth is vital for future revenue, and any decline could signal deeper issues within the company.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Blue Owl's potential for AUM growth due to recent strategic initiatives that have not yet been fully recognized.

Supporting Evidence

The company has committed to enhancing client services, which could drive AUM growth faster than anticipated.

Options pricing suggests a larger move than historical averages, indicating that investors are bracing for significant news.

The recent stock price increase following a poor earnings report may indicate underlying confidence among investors.

Key Risk

If AUM growth exceeds expectations, it could significantly alter the market's perception of Blue Owl's future potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is critical as it follows a disappointing earnings report, and investors are keenly watching for signs of recovery.

Bull Confirmed If

A reported EPS of $0.19 or higher would confirm a bullish outlook and indicate a turnaround in profitability.

Bear Confirmed If

An EPS below $0.02 would reinforce concerns about the company's financial health and likely lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±9.61%

Historical Avg

±4.4%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±9.6% while OWL has averaged ±4.4% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

49.3%

Calls (590K)P/C Ratio: 0.80Puts (326K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Blue Owl beats expectations, history suggests the stock could rise by around 4.45%, confirming a positive turnaround narrative.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity from management commentary.

Miss

A miss could lead to a decline of about 1.48%, reinforcing negative sentiment and concerns about the company's trajectory.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on AUM growth and any new client acquisitions.
2Details on cost management strategies and their impact on profitability.
3Management's outlook on market conditions and investment opportunities.
4Any changes in regulatory environment affecting asset management.
5Insights into competitive positioning and how Blue Owl plans to differentiate itself.