SoFi Stock Falls Despite Q2 Earnings Beat and Raised Guidance: What Investors Need to Know

SoFi Technologies Inc. (NASDAQ: SOFI ) reported second-quarter results before the opening bell on Wednesday.

Here is a rundown of the report.

SoFi Technologies shares are sliding.

Why are SOFI shares down? SoFi Technologies Q2 Highlights SoFi posted second-quarter adjusted earnings of 12 cents per share, beating the consensus estimate of 11 cents per share.

The company generated sales of $1.206 billion, exceeding analyst expectations of $1.121 billion.

This translated to a record adjusted net revenue of $1.2 billion, representing a 40% year-over-year increase.

The company also achieved a record net income of $157 million for the period.

Member and product growth were highlights for the quarter.

SoFi added 1.1 million new members, bringing its total to a record 15.8 million, which is up 35% from the prior year.

Total products grew 42% to 24.4 million. “2026 is shaping up to be a defining year, and our second quarter results mark a clear inflection point for SoFi,” said Anthony Noto, CEO of SoFi. “Despite continued market uncertainty, our business model continues to prove its durability”.

Forward Guidance Management raised its full-year 2026 sales guidance to a range of $4.75 billion to $4.85 billion, up from consensus estimates of $4.7 billion.

The company also affirmed its full-year adjusted EPS guidance of 60 cents.

SOFI Shares Slide Wednesday Morning SOFI Price Action: SoFi Technologies shares were down 5.68% at $15.78 during premarket trading on Wednesday, according to Pro data.

Read Also: Intel Stock Is Gaining Wednesday: What's Going On? Image: Shutterstock