Lincoln International (NYSE:LCLN) Posts Earnings Results, Beats Expectations By $0.12 EPS

Posted by George Bondi on Aug 7th, 2026

Lincoln International (NYSE:LCLN – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.12, FiscalAI reports. The firm had revenue of $225.69 million for the quarter.

Here are the key takeaways from Lincoln International’s conference call:

Record Q2 revenue of $226 million rose 51% year over year, while adjusted net income increased 48%; growth was broad-based across investment banking and valuations and opinions.
Management reported an improving M&A environment, a near-record and growing backlog, strong new-business activity, and expects normal positive seasonality in the second half, with Q4 typically contributing 30%–40% of annual revenue.
The valuations and opinions business generated 35% year-over-year revenue growth, supported by 19% growth in portfolio companies valued and continuing demand from private-market retailization, more frequent reporting, and secondary transactions.
Operating leverage improved the adjusted non-compensation ratio to 18.7% from 24% a year earlier, while the IPO strengthened the balance sheet to $149 million of net cash and enabled a quarterly dividend of $0.07 per Class A share.
Management remains optimistic but cautioned that the recovery is uneven and exposed to macroeconomic and geopolitical disruptions; software activity continues to face headwinds, although it is showing early signs of improvement.

Lincoln International Stock Up 4.5%

Shares of LCLN stock traded up $1.06 during trading hours on Friday, reaching $24.47. The company had a trading volume of 135,092 shares, compared to its average volume of 435,639. Lincoln International has a one year low of $20.05 and a one year high of $25.30. The business has a fifty day moving average of $22.98.

Lincoln International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.28 dividend on an annualized basis and a yield of 1.1%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LCLN shares. The Goldman Sachs Group started coverage on Lincoln International in a research report on Monday, June 15th. They issued a “buy” rating and a $27.50 price objective on the stock. Citigroup initiated coverage on shares of Lincoln International in a research note on Monday, June 15th. They set an “outperform” rating on the stock. Morgan Stanley set a $28.00 price objective on shares of Lincoln International in a report on Friday. Zacks Research raised Lincoln International to a “hold” rating in a research report on Friday, July 10th. Finally, Wall Street Zen upgraded Lincoln International to a “hold” rating in a report on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.07.

View Our Latest Stock Report on LCLN

About Lincoln International

(Get Free Report)

We are a global independent investment banking advisory firm focused on the private capital markets. As a leader in advising private equity and private credit investors, private company business owners and other senior executives, our globally integrated platform allows us to deliver comprehensive, sector-focused advisory services to clients across key areas of the economy. Our experienced professionals provide meaningful and differentiated private capital markets expertise across our two segments, Investment Banking Advisory and Valuations and Opinions: Investment Banking Advisory Valuations and Opinions Mergers & Acquisitions Capital Advisory Private Funds Advisory Other Services •Sell-Sides •Debt Advisory •Continuation Vehicles •Strategic Consulting •Portfolio Valuations •Buy-Sides •Special Situations & •Single Asset and •Executive Peer Networks •Transaction Opinions & •Add-ons Restructuring Co-Investment Vehicles •Agency Member Network Board Advisory •Growth Capital & •Primary Funds •Disputes Advisory Minority Equity Since our founding in 1996, we have experienced significant growth achieved through investments in our talent, our platform, the complementary capabilities we offer—including our growing, recurring, and non-cyclical valuations business—and the strategic positioning of the firm.