$HLI

Houlihan Lokey (HLI) Q2 2027 Earnings Call Transcript

Houlihan Lokey (HLI) reported Q2 2027 revenues of $692M, up 5% YoY, with adjusted EPS flat at $1.85. Corporate Finance revenue grew 10% YoY to $481M, while Financial Restructuring declined 12% to $118M. The company expects growth in the second half of 2027 and into 2028, driven by a strong backlog and new deals, despite macroeconomic volatility.

Original reporting
Published Oct 29, 2026, 4:13 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 29, 2026, 4:29 AM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
Houlihan Lokey (HLI) Q2 2027 Earnings Call Transcript — source image
Decision brief

The 30-second read

$HLIBullishMed
01

Why it matters

The earnings beat may prompt short‑term buying pressure and support the stock's valuation.

02

Market read

First disclosure of FY2027 Q2 results provides fresh data for traders evaluating mid‑cap financial advisors.

03

What to watch

Geopolitical instability and software sector dislocation remain risks.

Relevance 8/10Novelty 8/10Timing: post‑earnings release today

Background

Houlihan Lokey presented its Q2 FY2027 earnings call, highlighting revenue growth, transaction fee expansion, and a share repurchase.

Company-level read

Ticker impact

$HLIBullishHigh confidence
Context

Q2 FY2027 earnings released with $692M revenue and $1.85 EPS, first public disclosure of these results.

Expected impact

potential modest upside as market prices in stronger second-half outlook

Evidence & confidence

Revenue up 5% YoY and solid transaction fees indicate improving business despite macro headwinds.

Market effects

Signals resilience in investment‑banking advisory sector amid higher rates.

Positive for U.S. mid‑cap financial services stocks.

Limited; mainly affects U.S. advisory firms.

Counterpoint

Higher interest rates could eventually dampen deal flow, weighing on future earnings.

Key entities

  • Houlihan Lokey

    U.S. investment banking advisory firm (ticker HLI).

  • Intrepid Financial Partners

    Acquired firm whose partners joined Houlihan Lokey.

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Houlihan Lokey Q2 Revenue Rises to $692M, EPS Slips to $1.64

Houlihan Lokey (HLI) reported Q2 2027 revenue of $692M, up 4.8% YoY, but net income fell to $109M from $111M. Basic EPS was $1.64 vs. $1.67. Operating expenses rose, with compensation costs increasing. Six-month revenue declined to $1.203B from $1.265B. Cash balances decreased to $837M. The company paid $50M in dividends and repurchased shares.

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Houlihan Lokey Q2 Earnings Call Highlights

Houlihan Lokey reported Q2 earnings, noting higher interest rates have not significantly impacted its middle-market business. Financial Restructuring revenue fell 12% YoY to $118M, but management expects stronger performance in the second half of 2027. Software-related distress is a key driver. Financial and Valuation Advisory revenue rose 7% to $93M. The company has $888M in cash and repurchased $50M in shares.

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Houlihan Lokey Reports $692 Million in Q2 Fiscal 2027 Revenue

Houlihan Lokey reported Q2 fiscal 2027 revenue of $692M, up from $660M a year earlier. Net income was $109M, or $1.64 per diluted share, with adjusted EPS at $1.85. The company declared a $0.70 quarterly dividend. Corporate Finance saw higher average fees but fewer closed transactions, while Financial Restructuring cited timing for its decline. CEO Scott Adelson expects solid performance despite external volatility.