UWM Holdings Corporation (UWMC) Earnings
UWM Holdings Corporation is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $0.10. UWMC has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise +25.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $0.06 | $0.09 | +50.0% | $901M | +27.0% |
| Feb 25, 2026 | $0.09 | $0.06 | -28.9% | $1.7B | +135.1% |
| Nov 6, 2025 | $0.08 | $0.01 | -86.9% | $471M | -28.1% |
| Aug 7, 2025 | $0.06 | $0.16 | +166.7% | $785M | +19.6% |
| Feb 26, 2025 | $0.07 | $0.08 | +20.7% | $479M | -25.9% |
| Nov 7, 2024 | $0.08 | $0.01 | -87.4% | $459M | -21.3% |
| May 9, 2024 | $0.06 | $0.09 | +50.0% | $519M | +8.0% |
| Feb 28, 2024 | $-0.03 | $-0.23 | -654.1% | $-115M | -132.4% |
| Mar 1, 2023 | $-0.01 | $-0.03 | -237.1% | $256M | -10.7% |
| Nov 4, 2022 | $0.02 | $0.16 | +673.7% | $635M | +163.6% |
| Mar 1, 2022 | $0.13 | $0.11 | -15.4% | $464M | -24.5% |
| Aug 16, 2021 | $0.08 | $0.07 | -12.5% | $458M | -23.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Servicing in-house: Going great, with fewer than 100 thousand loans on today, all new loans going on, and moving loans from Cenlar, process to be completed this year. - Gain-on-sale margins: In good range, expect similar in second quarter, with upside if rates come down. - Two Harbors: Strategic value in MSR book and shareholders, but not seeing value in their management team. - Brokers: About 12 thousand to 12.5 thousand brokers work with UWM, focus on growing broker channel, with high-producing brokers joining and a former Rocket adversary now working with UWM. - Mia AI: Has been fantastic with roughly 80 thousand to 100 thousand closings over last year from Mia, enhancing broker-consumer follow-up. - BILT partnership: Launched, rolling, fully active, providing rewards points to consumers for making mortgage on time, with curated leads from BILT. - VantageScore rollout: Enormous success, helping more consumers qualify with different models, rolled out flawlessly in four business days.
Guidance
- Over five-year window (2027 - 2031), expecting to do over $1.3 trillion in mortgages. - Expenses expected to stay flat or down even as volume more than doubles. - Another roughly 20% - 25% in other revenue starting to happen with ancillary products.
Segment performance
No specific product segments with detailed financial performance and revenue contribution % mentioned in a traditional product segment breakdown. However, origination is a key area with UWM being the biggest and best originator in the country, having been the number one originator for four straight years and number one wholesale lender for eleven straight years. Servicing is being brought in-house with plans to have no subservicers by end of the year, and Mia AI initiative is contributing to a significant portion of refinances with about 80 thousand to 100 thousand closings over the last year from Mia.
Risks & headwinds
- Trigger lead rule change may impact competitive environment and potentially consumer options, though early days and seen as less noisy competition. - Debt ratio fluctuations due to trades related to MSR book, but monitoring and managing with levers to improve while doing more business.
Analyst Q&A
Q: What is the status of bringing servicing in-house?
A: It is going fantastic, fewer than 100 thousand loans on today, all new are going on, moved a bunch of loans from Cenlar, process will be this year with no subservicers by end of year.
Q: What are your thoughts on future gain-on-sale margins?
A: In good range, expect similar in second quarter, upside if rates come down, competitive landscape very competitive.
Q: What is the strategic value you see in Two Harbors?
A: Strategic value in MSR book and shareholders, but not seeing value in their management team.
Q: How do you foresee the balance between origination income and servicing income evolving?
A: Origination is still the game, bringing in-house servicing will increase servicing, but always opportunistic with servicing if good bid.
Q: Was there an increased number of high-producing brokers affiliated with UWM?
A: About 12 thousand to 12.5 thousand brokers work with UWM, few high-producing shops not all-in, focus on growing broker channel.
Q: Thoughts on Mia’s text messaging capabilities and customer response?
A: Mia has been fantastic with 80 thousand to 100 thousand closings over last year from Mia, 40% of calls picked up, 60% go to voicemail with text message follow-up, enhancing broker-consumer follow-up.
Q: New VantageScore rating system for borrower credit?
A: Enormous success, rolled out flawlessly, saving on credit reports and helping more consumers qualify with better deals.
Q: Homebuyer Privacy Protection Act (trigger lead rule) impact?
A: Changed competitive landscape, fewer calls for consumers, may be better experience but less options, early days.
Q: Managing lock duration and pricing cadence during volatility?
A: Experienced capital markets team, sometimes multiple rate sheets in a day, balancing consistency and reactivity for clients