NEW YORK, August 11, 2026, 13:31 EDT – SoFi (SOFI) shares gained 8%, with investors reacting to the move, while the company’s unchanged profit forecast remains under scrutiny.
- Shares of SoFi climbed 8.1% to $16.47 during Tuesday afternoon trading.
- The stock traded up to 1.6% away from its closing price before earnings.
- After the second quarter, revenue guidance increased, while profit targets remained the same.
Shares of SoFi Technologies, Inc. NASDAQ:SOFI gained 8.1% to $16.47 on Tuesday. By early afternoon, trading volume hit 78.3 million shares, approaching the company’s average daily volume over the past three months.
The development is notable as it has almost closed the gap caused by the post-earnings decline. SoFi is currently trading only 1.6% lower than its July 28 closing price, which was recorded prior to its second-quarter earnings report.
The rebound raises a more difficult question. Investors need to judge if rapid growth in loans and membership will balance steady profit forecasts.
| Intraday market measure | August 11 reading |
|---|---|
| Share price | $16.47 |
| Daily change | +8.14% |
| Volume | 78.27 million |
| Three-month average volume | 79.52 million |
| Market value | $21.13 billion |
| Trailing P/E | 34.86 |
| 52-week range | $14.88-$32.73 |
Tuesday’s data was current and could be updated before the session ends. Despite the rebound, the stock stayed roughly 49.7% under its 52-week peak.
| Price reset | Share price | Change versus July 28 |
|---|---|---|
| July 28 close, ahead of Q2 release | $16.74 | — |
| July 29 close, earnings announcement | $15.69 | -6.3% |
| August 11 intraday | $16.47 | -1.6% |
The price comparison utilizes the closing values from July 28 and July 29 along with Tuesday’s intraday price. While the rebound has brought the price back up, it has not settled the discussion over earnings.
Operations in the second quarter performed well. Adjusted net revenue climbed 40% to reach a record $1.2 billion, and adjusted EBITDA grew 44% to $358 million.
Chief Executive Anthony Noto stated, “Spending remains strong, demand remains strong, and credit performance continues to meet or exceed our expectations.” The statement is significant, as personal loans remain at the core of earnings. Reuters
| Second-quarter measure | Q2 2026 | Year-on-year change | Street comparison |
|---|---|---|---|
| Adjusted net revenue | $1.2 billion | +40% | Topped $1.12 billion forecast |
| Adjusted EBITDA | $358 million | +44% | All-time high |
| GAAP net income | $156.6 million | +61% | Turned positive |
| Adjusted EPS | $0.12 | +50% | Beat $0.11 projection |
| Loan originations | $14.8 billion | +69% | All-time high |
| Members | 15.8 million | +35% | All-time high |
The results indicate widespread operational improvement. They also clarify how Tuesday’s rally is possible even as there are concerns about meeting the full-year earnings goal.
| Business segment | Q2 revenue | Year-on-year change | Share of listed segment revenue |
|---|---|---|---|
| Lending | $711.7 million | up 59% | 56.4% |
| Financial Services | $466.3 million | up 29% | 36.9% |
| Technology Platform | $84.5 million | down 23% | 6.7% |
The Lending and Financial Services division contributed 93.3% to the total from the listed segment. Technology Platform stood out as the exception after a major client departure before 2026.
This perspective focuses on investors. The recovery depends on the strength of SoFi’s balance-sheet and consumer segments, rather than a rebound in its technology platform.
| 2026 outlook | Current guidance | Change after Q2 |
|---|---|---|
| Adjusted net revenue | $4.75-$4.85 billion | Upgraded |
| Adjusted EBITDA | About $1.6 billion | No change |
| Adjusted EPS | About $0.60 | No change |
| Member growth | At least 30% | Confirmed |
The company raised its revenue projection beyond analysts’ $4.7 billion consensus, but left EBITDA and earnings forecasts unchanged, providing little indication of accelerating operating leverage.
| Brokerage | Latest action | Rating | Target | Upside from $16.47 |
|---|---|---|---|---|
| Truist | Target raised July 24 | Hold | $18 | 9.3% |
| Goldman Sachs | Target raised July 9 | Neutral | $21 | 27.5% |
| Citigroup | Target lowered May 4 | Buy | $30 | 82.1% |
| Citizens JMP | Upgraded February 9 | Outperform | $30 | 82.1% |
| JPMorgan | Upgraded February 3 | Overweight | $31 | 88.2% |
Opinions on Wall Street are mixed. Of 21 analysts surveyed, seven rate the stock as Buy, 11 recommend Hold, and three suggest Sell, resulting in an average price target of $22.83. Recent analyst actions illustrate why the majority remains at Hold.
Risks: Accelerated balance-sheet expansion may increase income but also raises credit risk. Weaker consumer conditions, rising funding expenses or reduced loan sale activity could weigh on profits. Challenges with the Technology Platform introduce additional execution risk.
The upcoming challenge is straightforward. SoFi needs to turn its higher revenue outlook into earnings that surpass the steady $0.60-per-share estimate.
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