Blackstone’s consistent outperformance in recent quarters underpins the 74.5% market-implied odds that it will beat Q3 2026 consensus estimates. The firm delivered a sizable EPS beat in Q2 with $1.52 versus $1.34 expected, alongside 36% year-over-year revenue growth to $5.04 billion, record assets under management of $1.346 trillion, and $68 billion in inflows. Fee-related earnings rose 22% on expanding perpetual capital and management fees, while performance allocations benefited from strong investment realizations. Traders also note Blackstone’s expanding exposure to AI and defense infrastructure through initiatives like Falcata. With the Q3 report scheduled for October 22 and analysts maintaining above-consensus price targets near $142, current pricing reflects expectations for continued fee momentum and stable private-market conditions ahead of the release.