Perella Weinberg (PWP) Q2 FY26 earnings call

Perella Weinberg Partners reported Q2 FY26 revenues up 1% year-over-year, driven by a significant increase in announced and pending backlog, which is up over 30% from last year. The firm continues to invest heavily in talent, with new partner additions and promotions, positioning for future growth despite a slower first half. Management expressed confidence in the back half of 2026 and beyond, though acknowledged timeline risks for converting the robust pipeline into booked revenue.