Blue Owl Capital (OWL) Q2 FY26 earnings call

Blue Owl Capital delivered robust Q2 FY26 results, demonstrating strong earnings growth and the resilience of its diversified platform amidst market volatility. The firm's strategic focus on expanding real assets and alternative credit strategies has significantly broadened its revenue base, reducing reliance on direct lending. Management expressed cautious optimism for continued growth in the second half of the year, driven by strong institutional fundraising and the conversion of AUM not yet paying fees, despite ongoing moderate M&A activity and a gradual recovery in wealth channel inflows.