Management remarks
Call period: 2026 Q2 · 2026-08-06
Guidance: Brian Nicholas Brown: With that context in mind, we expect adjusted revenue to be between $2.5 billion and $2.7 billion in the third quarter.Demand and orders: Varun Krishna: Loan volume nearly doubled year over year during the first 6 months of 2026, culminating in a record month in June.Margins: Brian Nicholas Brown: Adjusted EBITDA was $766 million representing an adjusted EBITDA margin of 28%, up from 26% in the first quarter.Analyst Q&A
Analyst Ryan McKeveny asked: And you know, lastly, maybe just on the on the expense side, probably also for Brian, I think what I just heard you say is that the expectation for 3Q is for expenses to be down $100 million sequentially from 2Q. Obviously, the revenue guide is down sequentially as well. So should we think about that step down in expenses as just a function of the revenue side? Management Varun Krishna answered: I think what you are starting to see is what is unique about Rocket is really separating it from the rest of the industry. More than 70% of our revenue is now less rate sensitive. That allows us to keep investing while others are actually forced to react. And so we expect that to become a structural advantage That will continue to be a strength for us in Q3. And that is why we feel pretty good about our guide that we put out for Q3. And so with that, sort of market backdrop, Brian, maybe you can unpack the Q2 performance and guide and expenses.管理层陈述
电话会期间：2026 Q2 · 2026-08-06
指引：布莱恩·尼古拉斯·布朗表示：在此背景下，我们预计第三季度调整后营收将介于25亿美元至27亿美元之间。需求与订单：瓦伦·克里希纳表示：2026年前6个月，贷款规模同比近乎翻倍，6月份达到创纪录的单月规模。利润率：布莱恩·尼古拉斯·布朗表示：调整后息税折旧摊销前利润为7.66亿美元，调整后EBITDA利润率为28%，较第一季度的26%有所上升。分析师问答
分析师瑞安·麦基文尼提问：最后聊聊开支，我想布莱恩清楚，刚听到你们称第三季度开支较第二季度环比减少1亿美元，营收指引也环比下滑，那么开支环比下降是否仅由营收下滑导致？管理层瓦伦·克里希纳回应：Rocket的独特之处在于超70%营收对利率不敏感，这让我们能持续投资，而其他企业被迫调整，这将成第三季度结构性优势，也是我们对第三季度指引有信心的原因，接下来可由布莱恩进一步解读第二季度业绩与开支指引。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
