The GAAP miss vs adjusted beat creates a mixed signal. Watch for how the market prices the one-time charge versus the strong underlying operational trends and record sales pipeline. The $800M buyback authorization signals management confidence and provides downside support.
Price Chart
Executive Summary
SEI reported Q3 2026 GAAP EPS of $1.38, a 12.7% miss vs consensus of $1.58, though adjusted EPS of $1.64 beat the Street estimate. Revenue of $662M grew 14% YoY and modestly beat consensus of $656.2M. The board authorized an additional $800M share repurchase program, and year-to-date net sales events hit a record $157.4M. The GAAP miss was driven by a $32.5M one-time charge for terminating a Stratos subsidiary purchase, but underlying operations were strong with operating margin expanding to 30%.
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $1.38 missed consensus of $1.58 by 12.7%
- Adjusted diluted EPS of $1.64 beat consensus of $1.58 by 3.8%
- Revenue of $662M grew 14% YoY and beat consensus of $656.2M
- Operating margin expanded to 30% from 28% YoY
- Board authorized additional $800M share repurchase, increasing total authorization to ~$926M
- Year-to-date net sales events of $157.4M surpassed highest full-year total in SEI history
- Q3 net sales events of $46.8M were second-highest quarterly level ever
- One-time $32.5M charge for termination of Stratos Mexican subsidiary purchase
- SEI repurchased 2.0M shares for $215.1M in Q3
- Ending AUM of $606.4B, down 0.1% from Q2 2026
Financial Impact
GAAP EPS miss of $0.20 (12.7%) vs consensus; adjusted EPS beat by $0.06 (3.8%); revenue beat by ~$5.8M (0.9%)
Risk Factors
- GAAP EPS miss of 12.7% may pressure the stock in the near term
- One-time $32.5M charge from Stratos termination adds noise to reported results
- Institutional Investors segment revenue declined 2% YoY with negative net sales events
- LSV asset management saw $5.3B of net outflows in Q3
- Elevated incentive compensation accrual of $6.4M may weigh on future margins if performance does not sustain
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302915961 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $103.50 | awaiting T+20 | — | $102.88 (−0.60%) |
Oct 21, 2026 6d ago | 8-K | $104.50 | awaiting T+20 | — | $102.88 (−1.55%) |
Oct 21, 2026 6d ago | Press Release | $104.50 | awaiting T+20 | — | $102.88 (−1.55%) |
Oct 1, 2026 26d ago | Insider Cluster | $102.43 | awaiting T+20 | — | $102.88 (+0.44%) |
Sep 8, 2026 7w ago | Insider Cluster | $107.17 $102.07 | ▲ +4.76% | ▲ +6.96% | $102.88 (+4.00%) |
Sep 3, 2026 7w ago | Insider Cluster | $110.39 $103.26 | ▼ −6.46% | ▼ −7.06% | $102.88 (−6.80%) |
Aug 14, 2026 10w ago | 13F-HR | $106.38 $105.51 | ▼ −0.82% | ▲ +1.17% | $102.88 (−3.29%) |
Aug 6, 2026 11w ago | Insider Cluster | $104.70 $110.39 | ▲ +5.43% | ▲ +5.83% | $102.88 (−1.74%) |
Aug 4, 2026 12w ago | Insider Cluster | $104.76 $109.12 | ▲ +4.16% | ▲ +4.76% | $102.88 (−1.79%) |
Jul 30, 2026 12w ago | Insider Cluster | $102.98 $111.63 | ▲ +8.40% | ▲ +5.41% | $102.88 (−0.10%) |
US Market Status
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