NASDAQ$OCSL

Oaktree Specialty Lending Corporation · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

Oaktree Specialty Lending reported Q2 fiscal 2026 total investment income of $70.4M and net investment income of $34.4M, or $0.39 per share.

For the quarter ended March 31, 2026, the BDC earned total investment income of $70.4 million and net investment income of $34.4 million, or $0.39 per share, versus $39.1 million and $0.45. Net increase in net assets from operations reflected portfolio marks; the company continued middle-market lending with focus on NII and dividend coverage.

  • Total investment income $70.4M; net investment income $34.4M.
  • NII per share $0.39; portfolio yield and credit quality discussed in MD&A.
  • BDC structure emphasizes investment income over GAAP net sales.
  • Leverage and liquidity support origination activity.

Headline financials

Total Revenue

-$2.19M

Previous: -$2.55M+14.0%
EPS (adj)

$0.39

Previous: $0.45-13.3%
Net Income

-$18.9M

Previous: -$36.2M+47.9%

Revenue & EPS history

Oaktree · Revenue · Quarterly

-$2.19M

Q2 2026-14%vs Q2 2025
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Oaktree · $60.3M total across 3 segments · Q1 2022

  • Interest income
    $55.5M
  • Dividend income
    $3.92M
  • Fee income
    $912K

Forward guidance

The 10-Q does not provide numeric consolidated annual EPS guidance for OCSL. Management commentary in MD&A covers costs, capital, and sector-specific risks.

Tailwinds

  • Management discusses operational priorities and liquidity in the quarterly filing.
  • Segment or product trends are disclosed where applicable to the business model.

Headwinds

  • Macro, input-cost, and interest-rate exposure can affect near-term results.
  • One-time items, impairments, or fair-value marks may distort quarterly comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

-1.4%

Avg return

Earnings day

-2.0%

Avg return

5 days after

-2.6%

Avg return

30 days after

33%

6 / 18 earnings

Positive

+7.3%

Q4 2022

Best reaction

-8.4%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+0.4%-5.8%-5.3%
Q1 2026+3.0%+2.0%-5.6%
Q4 2025+0.0%+1.1%-3.8%
Q2 2025-7.8%-6.7%+1.6%
Q1 2025-2.8%-2.9%+0.2%
Q4 2024-2.9%-1.9%-6.0%
Q3 2024-8.4%-10.6%-5.0%
Q2 2024-1.9%-2.9%-1.9%
Q1 2024-6.9%-7.2%-7.1%
Q4 2023+0.5%+0.4%+1.4%
Q3 2023-1.7%-0.8%-1.4%
Q2 2023-2.4%-0.7%+1.3%
Q1 2023-1.6%-1.7%-4.4%
Q4 2022+7.3%+7.9%+2.4%
Q3 2022-0.8%-1.1%-4.3%
Q2 2022-1.5%-4.5%-5.4%
Q1 2022+1.1%+0.0%-2.4%
Q4 2021+1.3%-0.8%-1.3%

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