Investors punished SoFi for leaving full-year profit guidance unchanged despite a Q2 revenue beat and raised revenue forecast.
SoFi Technologies reported record Q2 2026 revenue of $1.21 billion, surpassing the $1.13 billion consensus, and posted adjusted EPS of $0.12. Loan originations surged 69% YoY to $14.8 billion, while deposits grew by $5.3 billion to $45.5 billion.
Despite the top-line strength, management left full-year profit guidance unchanged, disappointing investors who had anticipated upward revisions. The company raised its full-year adjusted net revenue outlook but offered no improvement on profitability metrics.
Shares of SoFi (NASDAQ:SOFI) fell 10% to $15.15 in Wednesday trading, dragging fintech peers HOOD and AFRM down 4% each in sympathy selling. The stock had entered the quarter down 36% year to date, reflecting broader sector pressure.