Piper Sandler posts Q3 2026 results, misses earnings and revenue estimates, declares $0.20 dividend and $200 M buyback
Piper Sandler Companies reported third‑quarter 2026 net revenue of $443.0 million, an 8% year‑over‑year decline, and GAAP diluted EPS of $0.78, down 8% YoY. Adjusted diluted EPS was $0.87, missing consensus by $0.06. The firm announced a quarterly cash dividend of $0.20 per share and authorized a new $200 million share‑repurchase program. Management highlighted strong advisory revenue growth and a record corporate‑financing quarter while noting slower municipal financing.
Why it matters
Analysts note the earnings miss could pressure the stock, which fell about 5.6% after the release. The dividend and buyback provide immediate cash returns to shareholders, partially offsetting the negative reaction.
Key facts
- 1Q3 2026 net revenue was $443.0 million, down 8% year over year. tradingview.com
- 2GAAP diluted EPS for the quarter was $0.78, also down 8% YoY. tradingview.com
- 3Adjusted diluted EPS was $0.87, missing consensus estimates by $0.06. seekingalpha.com
- 4The company declared a quarterly cash dividend of $0.20 per share. tradingview.com
- 5The board approved a new share‑repurchase authorization of up to $200 million through 2028. tradingview.com
- 6Shares dropped 5.6% in after‑hours trading following the earnings release. finance.yahoo.com
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.