SoFi Sinks 10% as Record Q2 Revenue Beat Meets Unchanged Profit Guidance

Quick Read

• SoFi delivered grounds Q2 gross of $1.21 cardinal and its 5th consecutive EPS beat, but level nett guidance sent shares down 10%.

• Sympathy selling dragged HOOD and AFRM each down 4% without company-specific catalysts, amplifying wide fintech unit crossed the sector.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and SoFi Technologies didn't marque the cut. Grab the names FREE today.

Shares of SoFi Technologies (NASDAQ:SOFI) are down 10% to $15.15 Wednesday morning, wiping retired astir of the pre-earnings bid contempt grounds top-line revenue. The absorption stands retired due to the fact that SoFi delivered its 5th consecutive EPS bushed and raised full-year gross guidance.

SoFi banal had already been nether unit heading in, sitting down 36% twelvemonth to day done Tuesday's close. Sentiment was fragile, and management's determination to permission nett guidance level was each the tinder the sellers needed.

The Q2 2026 merchandise deed astatine 7:06 a.m. ET, with the telephone pursuing astatine 8:00 a.m. ET. SoFi shares were sharply little aboriginal Wednesday, and the selling has held done midday.

Record Revenue Meets Unchanged Profit Guidance

SoFi reported Q2 2026 gross of astir $1.21 billion, topping the $1.13 cardinal consensus, with adjusted EPS of $0.12, fundamentally successful line. Loan originations deed a grounds $14.8 billion, up 69% twelvemonth implicit twelvemonth (YoY), and deposits climbed $5.3 cardinal to $45.5 billion.

Management raised SoFi's full-year 2026 adjusted nett gross guidance to $4.75 cardinal to $4.85 billion, implying 32% to 35% growth. However, SoFi held full-year adjusted EBITDA astatine astir $1.6 billion, adjusted nett income adjacent $825 million, and adjusted EPS astatine astir $0.60. The wide accusation is that the costs are absorbing the gross upside.

Margin unit showed up successful the mix, arsenic well. SoFi's Financial Services publication borderline fell astir 600 ground points to 46%, income and selling walk roseate 48% to $392.4 million, and Technology Platform gross slid 23% YoY to $84.5 cardinal aft a ample lawsuit exit. TD Cowen said the bushed was "tempered" by the maintained EPS guide.

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SoFi Technologies CEO Anthony Noto framed the 4th differently, calling "2026 is shaping up to beryllium a defining year, and our 2nd 4th results people a wide inflection constituent for SoFi."

Fintech Peers Trade Soft successful Sympathy

The selloff is bleeding into different fintech names. Robinhood Markets (NASDAQ:HOOD) shares are down 4% to $89.46, and Affirm Holdings (NASDAQ:AFRM) shares are disconnected 4% to $69.82. Neither has a caller company-specific catalyst today, truthful this reads arsenic assemblage sympathy trading against a brushed broader market.