Piper Sandler (PIPR) Q3 2026 Earnings Call Transcript

Piper Sandler (PIPR) reported Q3 earnings, highlighting strong performance in financial services, energy, and healthcare. Advisory revenue grew 17% YoY, while corporate financing revenue rose 50% QoQ. Municipal financing declined due to rate pressure. The company expects Q4 advisory revenue to support a strong quarter but below 2025's record. Piper Sandler repurchased shares and approved a new $200M buyback program.

Piper Sandler (PIPR) reported Q3 2026 revenue of $443M, missing estimates by 4.7% and down 2.7% YoY. EPS of $0.87 also missed estimates by 6.5%. Shares dropped 5.6% post-results. Long-term revenue growth has been sluggish at 3.1% CAGR over 5 years, but 16.6% over the last 2 years.

Piper Sandler (PIPR) reported Q3 EPS of $0.87, missing estimates by $0.06, with revenue at $443M, below the $467.39M consensus. The stock is down 9.51% over 3 months and 12.46% over 12 months. The company has seen 5 negative EPS revisions in the last 90 days, according to Investing.com.

Piper Sandler reported Q3 2026 net revenues of $443.0M, down 8% YoY, and GAAP net income of $55.4M ($0.78 diluted EPS). Adjusted net income was $61.7M ($0.87 adjusted diluted EPS). The company declared a $0.20 dividend and authorized a $200M buyback. Corporate investment banking and fixed income services saw growth, while equity brokerage activity declined.

PIPER SANDLER COMPANIES (PIPR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99 Piper Sandler Companies Reports Third Quarter 2026 Results; Declares Quarterly Dividend of $0.20 Per Share; Announces New Share Repurchase Authorization MINNEAPOLIS—October 30, 2026—Piper Sandler Companies (NYSE: PIPR), a leading investment bank, today announced its re

Piper Sandler (PIPR) reported Q3 Non-GAAP EPS of $0.87, missing estimates by $0.06. Revenue was $443M, down 7.7% year-over-year and missing by $24.39M. The company's financial performance was below expectations.