AGNC Investment (AGNC)
NASDAQ:AGNC
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Earnings Data
Report Date
Jul 27, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.38Last Year’s EPS
0.38Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mixed but resilient picture: the company reported a near‑term loss and tangible book value decline driven by spread widening and geopolitical‑related volatility, but highlighted several positive fundamentals — stronger net spread and dollar roll income, high liquidity, an accretive equity raise, portfolio positioning that benefited from low‑coupon demand, and a partial recovery in April. Management emphasized attractive relative value in Agency MBS, constructive technicals (reduced net new supply expectations, improved money manager demand, and potential supportive GSE actions), and a cautious but flexible approach to leverage and hedging. Overall, positives and mitigants balance the quarter's challenges, leaving the outlook cautiously constructive but not uniformly positive.Company Guidance
Improved Net Spread and Dollar Roll Income
Net spread and dollar roll income was $0.42 per common share for the quarter, up $0.07 quarter‑over‑quarter, driven by a 25 basis point increase in net interest spread and favorable financing dynamics.
Strong Liquidity Position
Ended the quarter with $7.0 billion of unencumbered cash and Agency MBS, representing 60% of tangible equity, supporting flexibility during market volatility.
Accretive Equity Issuance
Issued $401 million of common equity through the at‑the‑market program at a significant premium to tangible net book value per share, generating meaningful accretion for shareholders and providing deployable capital.
Portfolio Size and Selective Deployment
Market value of portfolio totaled $95 billion at quarter end; purchased $1.7 billion of predominantly low‑coupon specified pools and rotated part of the portfolio down in coupon to capture observed relative strength.
Improved Relative Performance and Value
Despite spread widening to swaps, Agency MBS outperformed U.S. Treasuries and investment‑grade corporate bonds in the quarter; current coupon‑to‑swap spreads traded roughly 150–175 bps (around 151 bps at call), and management views Agency MBS in this range as compelling value.
Recovery in April
Tangible net book value per share was up approximately 6% in April (about 5% net of monthly dividend accrual), largely reversing the first quarter decline.
Hedge and Prepayment Positioning
Weighted average coupon declined to 4.95% from 5.12% and the percentage of assets with favorable prepayment characteristics increased to ~77%; swap hedge allocation increased in duration dollar terms to 78% from 70% to adjust risk exposures.
AGNC 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
AGNC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 20, 2026 | $10.65 | $10.79 | +1.30% |
Jan 26, 2026 | $11.29 | $11.65 | +3.13% |
Oct 20, 2025 | $9.34 | $9.29 | -0.49% |
Jul 21, 2025 | $8.22 | $8.35 | +1.52% |
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 AGNC Investment (AGNC) report earnings?
AGNC Investment (AGNC) is schdueled to report earning on Jul 27, 2026, After Close (Confirmed).
What is AGNC Investment (AGNC) earnings time?
AGNC Investment (AGNC) earnings time is at Jul 27, 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 AGNC EPS forecast?
AGNC EPS forecast for the fiscal quarter 2026 (Q2) is 0.38.
