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SoFi Raises Revenue Target, Keeps 2026 Forecast — Shares Drop 9%

7/30/2026

Summary

Story summary

SoFi Technologies reaffirmed its 2026 profit forecast of 60 cents per share, raised its revenue target to $4.75-$4.85 billion, and its shares fell 9% in early trading.
The company’s revenue outlook of $4.75-$4.85 billion exceeded analysts’ average expectation of $4.7 billion.
Second-quarter loan originations hit a record $14.8 billion, supporting a 35% rise in member numbers to 15.8 million.
Adjusted revenue rose 40% to a record $1.2 billion, beating the $1.12 billion estimate.

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Story summary

SoFi Technologies reaffirmed its 2026 profit forecast of 60 cents per share, raised its revenue target to $4.75-$4.85 billion, and its shares fell 9% in early trading.
The company’s revenue outlook of $4.75-$4.85 billion exceeded analysts’ average expectation of $4.7 billion.
Second-quarter loan originations hit a record $14.8 billion, supporting a 35% rise in member numbers to 15.8 million.
Adjusted revenue rose 40% to a record $1.2 billion, beating the $1.12 billion estimate.