Affiliated Managers Group has raised its second-quarter 2026 adjusted EBITDA guidance to a range of US$290 million to US$305 million, alongside improved revenue expectations. The company also confirmed it spent approximately US$185.7 million on share repurchases in the first quarter of 2026 under its 2024 buyback program. The stronger outlook reinforces near-term earnings momentum but does not alter the key risk of continued outflows and fee compression in traditional active equity. Some analysts had already modeled about US$3.1 billion in revenue and US$687.4 million in earnings by 2029, and the updated guidance may either support or challenge those projections depending on views about AMG's growing focus on alternative strategies.
Affiliated Managers Group, Inc.Raised adjusted EBITDA guidance and share repurchases signal improved financial outlook and capital return.