Blue Owl Tech (OTF) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, May 7, 2026 astatine 12:06 PM CDT 31 min read

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DATE

Thursday, May 7, 2026 astatine 11:30 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Craig Packer

• Chief Investment Officer — Erik Bissonnette

• Chief Financial Officer — Jonathan Lamm

Full Conference Call Transcript

Yesterday, Blue Owl Technology Finance Corp. issued its fiscal results for the archetypal 4th ended 03/31/2026, reporting adjusted nett concern income per stock of $0.29 and nett plus worth per stock of $16.49. During the telephone today, we volition beryllium referencing materials including the net property release, net presentation, and 10-Q, which are disposable connected the News and Events conception of Blue Owl Technology Finance Corp.'s website. I volition present crook the telephone implicit to Craig.

Craig Packer: Thanks, Mike. Good morning, everyone, and convey you each for joining america today. Software has evidently been a large absorption for investors and arsenic a meaningful lender successful the space, Blue Owl Technology Finance Corp. has been portion of that conversation. Before getting into our views connected software, I wanted to measurement backmost and supply immoderate broader discourse connected Blue Owl Technology Finance Corp. Credit show remains precise strong. Non-accruals are among the lowest successful the space, and we are 1 of the lone BDCs to person generated nett gains since inception.

At the aforesaid time, the existent level of marketplace interest astir bundle has created 1 of the astir charismatic investing environments that we person seen successful a while, with spreads importantly wider and superior a batch little available. We besides deliberation the market's treatment astir bundle has evolved meaningfully implicit the past quarter. Early on, overmuch of the statement was centered astir whether bundle businesses had a crushed to beryllium successful an AI-enabled world. Today, we judge that treatment is becoming much balanced and nuanced arsenic the marketplace progressively distinguishes betwixt businesses with durable moats and those that whitethorn beryllium much exposed to change.

We deliberation that improvement of the sermon is constructive and, importantly, that the Blue Owl Technology Finance Corp. portfolio is positioned good successful the parts of the bundle marketplace wherever durability matters most. Erik volition talk successful much item successful a infinitesimal astir what we are seeing, but astatine a precocious level, portion we stay appropriately cautious connected AI, fixed however transformative the exertion is, we are not seeing worldly signs of accent successful the portfolio today. That presumption is besides supported by our underlying recognition metrics, including nary caller non-accruals this 4th and a non-accrual complaint of conscionable 10 ground points of the full portfolio astatine just value.