Klarna cuts 2026 sales outlook after strong Q2 results

Klarna Group plc (NYSE: KLAR ) on Tuesday reported upbeat second-quarter results but issued 2026 sales guidance that missed expectations.

Klarna reported earnings of 1 cent per share, beating the consensus estimate for a loss of 5 cents per share.

Revenue rose 27% year over year to $1.042 billion, beating the $993.39 million analyst estimate.

For 2026, the company expects revenue of $4.08 billion to $4.16 billion, missing the $4.415 billion analyst estimate.

Klarna raised its transaction margin dollar forecast to $1.62 billion to $1.65 billion, or about 1.09% of GMV.

Adjusted operating income is expected to range from $280 million to $300 million, representing 6.9% to 7.2% of revenue. “Over 120 million consumers now use Klarna, and each is using it for more of their everyday spend — revenue per active consumer grew 24%.

That deepening engagement is why transaction margin dollars grew 42%, well ahead of revenue and volume.

We measure our progress in transaction margin dollars.” Klarna Group shares fell 2.2% to trade at $14.72 on Wednesday.

These analysts made changes to their price targets on Klarna Group following earnings announcement.

Wells Fargo analyst Jason Kupferberg maintained the stock with an Overweight rating and lowered the price target from $26 to $21.

Barclays analyst Nik Cremo maintained the stock with an Equal-Weight rating and cut the price target from $20 to $16.

Considering buying KLAR stock? Here’s what analysts think: Photo via Shutterstock