Navient (NAVI)
NASDAQ:NAVI
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Earnings Data
Report Date
Jul 28, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.2Last Year’s EPS
0.2Same Quarter Last Year
Moderate Sell
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: strong origination growth (refi +65% YoY), improving credit metrics, meaningful expense reductions (OpEx down 30% YoY) and successful securitizations with strong investor demand. This momentum is balanced against some remaining challenges — elevated legacy delinquency/charge-off levels (above historical norms), provisions related to recent natural-disaster losses, a slight decline in federal segment net income, and a near-term unsecured maturity. Management reiterated guidance and highlighted strategic progress and capital flexibility. On balance, the positives (growth, credit improvement, expense discipline, funding success) meaningfully outweigh the negatives.Company Guidance
Strong Originations Growth
Total originations grew over 60% year-over-year; refinance originations grew 65% YoY to $778 million, marking the 10th consecutive quarter of refinance growth.
High-Quality Refi Credit Metrics
Average FICO for Q1 refi originations was 775 and rate-check volume was up 62% YoY, indicating strong demand and borrower quality.
In-School Lending and Peak Season Preparation
In-school originations were $40 million in Q1 (consistent with plan). Management expects a material pickup in Q3 (peak season) and sees expanded graduate-market opportunities following Grad PLUS changes.
Core Earnings and Segment Profitability
Recognized core earnings per share of $0.20 for Q1; Consumer Lending net income was $35 million and Federal Education Loan net income was $22 million.
Improving Credit Performance
Private charge-off rate improved from 2.26% in Q4 to 1.91% in Q1. Private 31+ day delinquency improved from 6.3% to 5.5% (down ~80 bps QoQ); 91+ day delinquency improved from 2.9% to 2.5% (down 40 bps QoQ). Federal 31+ delinquency improved from 17.5% to 15.2% and 91+ delinquency improved from 10.0% to 8.5%.
Expense Reduction and Efficiency Gains
First quarter core operating expenses were $89 million, a 30% improvement versus Q1 2025; reaffirmed $350 million FY operating expense outlook and noted Q1 included ~ $5 million of final wind-down costs that are nonrecurring.
Successful Capital Markets Execution
Completed a $683 million refi securitization and a $550 million in-school securitization (significantly oversubscribed) with favorable pricing, demonstrating strong investor demand and funding resilience.
Capital Returns and Strong Capital Metrics
Returned $38 million to shareholders in Q1 via share repurchases and dividends (repurchased ~2.3 million shares at $9.91 average); adjusted tangible equity ratio remained above target at 8.9% and allowance for loan loss (excluding future recoveries) was $645 million.
Strategic Progress and Leadership Transition
Company completed Phase 1 strategic actions with associated expense reductions and announced CEO transition to Ed Bramson, positioning the company for focused growth and operational flexibility.
Early-Stage Product Tests
Personal loan product tests are underway with encouraging learnings on product, demand generation, credit and fraud controls (results currently immaterial but progress noted).
NAVI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NAVI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $9.17 | $9.51 | +3.71% |
Jan 28, 2026 | $11.81 | $9.63 | -18.52% |
Oct 29, 2025 | $12.53 | $11.30 | -9.81% |
Jul 30, 2025 | $13.20 | $12.14 | -8.05% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Navient (NAVI) report earnings?
Navient (NAVI) is schdueled to report earning on Jul 28, 2026, After Close (Confirmed).
What is Navient (NAVI) earnings time?
Navient (NAVI) earnings time is at Jul 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NAVI EPS forecast?
NAVI EPS forecast for the fiscal quarter 2026 (Q2) is 0.2.