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 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.
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.
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 stock fell despite topping Q2 earnings and revenue estimates. The fintech raised its full-year 2026 revenue outlook.
Fintech SoFi raised its 2026 revenue growth forecast above Wall Street expectations on Wednesday after posting a market-beating second quarter, driven by record member growth and loan originations.
SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI), a member-centric, everything app for digital financial services that helps members borrow, save, spend, invest and protect their money, reported financial results today for its second quarter ended June 30, 2026. “2026 is shaping up to be a defining year, and our second quarter results mark a clear inflection point for SoFi...