Ares Capital 3Q 2026: Revenue $763M, EPS $0.44— 10-Q Summary
Ares Capital Corp reported 3Q 2026 revenue of $763M, down 2.4% YoY, with net income falling 21% to $319M and EPS declining 22.8% to $0.44. Commitments totaled $2.1B, while investments reached $29.2B, mostly first-lien loans. Non-accrual loans rose to 2.4% of cost. Nine-month income grew to $2.3B, supported by portfolio growth. AUM reached $17.7B, with potential expansion from a $2.5B backlog and planned acquisition.
How this was made
The 30-second read
Why it matters
The earnings miss may trigger short‑term sell‑off, but the disclosed backlog and acquisition hint at longer‑term growth potential.
Market read
Primary earnings disclosure for a mid‑cap BDC; directly relevant for traders with exposure to ARCC or the BDC sector.
What to watch
The $2.5B investment backlog and pending MFIC acquisition could provide upside if closed.
Background
Ares Capital Corp (ARCC) is a business development company that provides financing to middle‑market companies.
Ticker impact
Ares Capital Corp reported Q3 2026 results with revenue $763M and EPS $0.44, both down YoY.
downward pressure as investors price in weaker earnings and higher non‑accrual loans
Revenue fell 2.4% and EPS dropped 22.8% YoY; non‑accrual loans rose, indicating credit stress.
Market effects
May signal pressure on the BDC/asset‑based lending sector as credit quality deteriorates.
Limited to U.S. market; no broader regional effect.
Low global relevance beyond niche investors.
Counterpoint
If the portfolio quality holds and the backlog materializes, the dip could be a buying opportunity.
Key entities
- companyAres Capital Corp
Business development company reporting Q3 2026 results.
