Blackstone Group’s net profit surged 26% in the second quarter, with investment in artificial intelligence infrastructure becoming its core engine
The financial report released by the group (Blackstone) on the 23rd showed that thanks to the continued layout of the artificial intelligence (AI) infrastructure construction field and the improvement of private equity business capital inflows, the company's second quarter performance in 2026 significantly exceeded market expectations. Financial report data shows that as a key indicator of the profitability of listed investment institutions, Blackstone Group’s distributable profits in the second quarter reached US$1.98 billion, a significant increase of 26% year-on-year; earnings per share rose to US$1.52, higher than US$1.21 in the same period last year. The company's total revenue in the quarter increased by 36% year-on-year to US$5.04 billion, fee-related income increased by 22% to US$1.78 billion, and its total asset management scale (AUM) increased by 11% year-on-year to US$1.35 trillion. In terms of business sectors, the infrastructure investment business performed outstandingly, with a total return rate of 7.2% in the quarter, ranking first among its investment fields. In private equity and related fields, Blackstone’s previous long-term investments in data centers and AI industry chains are ushering in a return period. Data shows that Blackstone has become one of the largest investors in the global data center and AI infrastructure fields. Previously, its credit and insurance business unit announced that it would cooperate with Broadcom to establish an AI infrastructure financing platform with an initial scale of US$35 billion; in addition, Blackstone also cooperated with Broadcom Cooperate to invest US$5 billion to establish an AI cloud service company. In contrast, private credit business capital inflows have slowed for two consecutive quarters, with $310 billion in new funds in the quarter. The analysis pointed out that the transfer of individual investors' funds to other private equity assets was the main reason for the slowdown in credit business, but the inflow of institutional investors' funds remained stable, effectively offsetting the impact of some changes in individual accounts' funds. Blackstone Group management stated that the industrial reshaping brought about by AI technology is creating significant synergies for its core sectors such as private equity, credit and real estate. The company will continue to consolidate its investment advantages in the field of computing infrastructure and maintain long-term financial attractiveness and market competitiveness.