SoFi Technologies delivered better-than-expected results for its latest quarter — but investors took issue with other aspects of the report, sending the company's shares sharply lower Wednesday.
SoFi Technologies, Inc. (SOFI) Q2 2026 Earnings Call Transcript
SoFi Technologies NASDAQ: SOFI reported second-quarter 2026 results marked by 40% year-over-year adjusted net revenue growth, record loan originations and continued growth in members and products, while raising its full-year revenue outlook.
SoFi wants artificial intelligence to do more than answer a customer's financial questions. It wants AI to eventually act on them, and in the process give customers more reasons to keep their financial lives inside its expanding financial ecosystem.
Shares of SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) are down 10% to $15.15 Wednesday morning, wiping out most of the pre-earnings bid despite record top-line revenue.
Sofi Technologies (NASDAQ:SOFI) reported second quarter 2026 results that exceeded Wall Street expectations for revenue and adjusted earnings, while raising its full-year revenue outlook as the financial technology company continued to expand its member base and product offerings. The company reported adjusted earnings per share of $0.12 for the quarter, ahead of analyst estimates of $0.11.
While the top- and bottom-line numbers for SoFi Technologies (SOFI) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
SoFi Technologies Inc (NASDAQ:SOFI) is a weight on the fintech sector today, last seen down 9.7% to trade at $15.11.
SoFi Technologies SOFI shares fell over 9% on Wednesday despite the fintech company reporting stronger-than-expected second-quarter earnings and revenue and raising its full-year 2026 revenue guidance. Investors were likely focused more on execution risks and uncertainty surrounding US interest rates.
SoFi Technologies, Inc. (SOFI) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.08 per share a year ago.
SoFi readies for its Q2 earnings release with 30% revenue growth expected, strong lending demand and member gains, but margin, credit and valuation risks remain.
SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) enters its July 29 Q2 earnings report with a sharp disconnect between its stock and its business.