Education
About Us
Working with TipRanks
Follow Us
AGNC Investment (AGNC)
NASDAQ:AGNC
Earnings Data
Report Date
Apr 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.44Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong recent performance, robust liquidity, accretive capital issuance in 2025, and favorable technical and macro drivers (Fed accommodation, GSE purchases, lower volatility) that supported exceptional returns. Management is constructive but prudent: spreads have tightened, prepayment risk has risen, and incremental deployment returns are closer to the firm’s cost of capital, prompting measured leverage and opportunistic capital activity. Key upside drivers remain GSE/Treasury actions, improved funding markets and swap-hedge positioning, while downside risks include potential adverse policy reforms and faster-than-expected prepayments.Company Guidance
Strong Quarterly and Annual Returns
Q4 2025 economic return of 11.6% and full-year 2025 economic return of 22.7%; Q4 comprehensive income of $0.89 per common share. Total stock return in 2025 was 34.8% with dividends reinvested, nearly double the S&P 500.
Multi-Quarter and Long‑Term Outperformance
Over the past 9 quarters AGNC generated a 50% economic return comprised of a 10% increase in book value and $3.24 per share of monthly dividends; since inception AGNC has delivered over 11% annualized total stock return with dividends reinvested.
Favorable Market Backdrop and Index Outperformance
Bloomberg Aggregate Agency Index returned 8.6% in 2025 and outperformed the Treasury Index by 2.3 percentage points (36% relative outperformance), driven by lower short-term rates, reduced interest-rate volatility, and large GSE MBS purchases.
Improved Capital Position and Liquidity
Ended Q4 with $7.6 billion of cash and unencumbered Agency MBS, representing 64% of tangible equity; issued $356 million of common equity in Q4 (ATM) and roughly $2 billion of accretive common equity issuances in 2025, delivering book value accretion.
Portfolio Growth and Deployment
Asset portfolio totaled $95 billion at quarter end, up about $4 billion from prior quarter; notional hedge balance increased to $59 billion as capital raised was fully deployed.
Hedge Positioning and Favorable Hedge Mix
Hedge ratio remained at 77% and AGNC opportunistically shifted hedge composition towards swap-based hedges: allocation to swap-based hedges rose from 59% to 70% (an 11 percentage-point increase), positioning the firm to benefit from swap spread moves.
Net Spread and Dollar Roll Income and Dividend Coverage
Net spread and dollar roll income was $0.35 per share in Q4 (unchanged), effectively $0.36 normalized (adjusting for one-time compensation accrual). Management indicates normalized net spread contribution on the existing portfolio implies ROE in the mid-teens (~16% on book value cited) which aligns with the firm’s cost of capital and dividend policy.
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 |
|---|---|---|---|
Jan 26, 2026 | $11.80 | $12.17 | +3.14% |
Oct 20, 2025 | $9.87 | $9.82 | -0.50% |
Jul 21, 2025 | $8.69 | $8.82 | +1.52% |
Apr 21, 2025 | $7.38 | $7.64 | +3.55% |
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 Apr 27, 2026, After Close (Confirmed).
What is AGNC Investment (AGNC) earnings time?
AGNC Investment (AGNC) earnings time is at Apr 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 (Q1) is 0.37.
