NEW YORK, July 27, 2026, 06:04 EDT — SoFi Technologies NASDAQ:SOFI traded higher in U.S. premarket hours as investors watched for second-quarter results, with attention on the company’s ability to reach a 38% margin.
- Shares were set to open 1.8% higher at $16.76 following Friday’s closing price of $16.46.
- SoFi is set to release its second-quarter earnings on Wednesday, July 29, at 7 a.m. EDT.
- Initial consensus estimates stand at approximately $1.11 billion in revenue with earnings of 11 cents per share.
SoFi Technologies, Inc. NASDAQ:SOFI gained 1.8% ahead of Monday’s opening bell. The company’s results on Wednesday will gauge the progress of its margin improvement as outlined in its yearly strategy.
Initial calculations show the required adjusted EBITDA margin for the second half is about 37.7%. The margin for the first quarter stood at 31.3%, with second-quarter guidance pointing to around 30%.
This is the hinge.
SoFi would require approximately $463 million in adjusted EBITDA each quarter throughout the second half to achieve its 2026 objectives. This figure is about 38% higher than what its second-quarter guidance suggests.
The stock fell 4.7% over the past week, compared with a 2.1% drop for the Nasdaq. On Friday, it ended the session almost 50% beneath its 52-week peak of $32.73.
The following calculation relies on SoFi’s disclosed first-quarter results and approximate company guidance. Second-half numbers are early estimates and not official projections from management.
| Period | Adjusted net revenue | Adjusted EBITDA | EBITDA margin |
|---|---|---|---|
| Q1 2026 actual | $1.087 billion | $339.9 million | 31.3% |
| Q2 2026 guidance, implied | $1.116 billion | $334.7 million | 30.0% |
| H2 quarterly average needed | $1.226 billion | $462.7 million | 37.7% |
| 2026 full-year goal | $4.655 billion | $1.600 billion | 34.4% |
The previous quarter highlighted the importance of guidance. SoFi reported record highs in both revenue and originations but kept its full-year forecast steady. The stock dropped 12% at the open.
“SoFi, unusually, did not reflect its first-quarter revenue and EBITDA beat,” William Blair analyst Andrew Jeffrey commented following the results. Reuters
Operational demand stayed strong. Loan originations hit an all-time high of $12.2 billion in the first quarter, with membership increasing by 35% to 14.7 million.
Chief Executive Anthony Noto told Reuters: “The health of our consumer base remains strong.” He also predicted robust loan demand in the second quarter. Reuters
The composition of revenue is notable. Revenue from fees increased by 23% to $386.8 million, and net interest income advanced 39% to $693 million.
Technology Platform revenue dropped by 27%. The number of enabled accounts decreased 16% following the full departure of a major client.
Matthew Coad, an analyst at Truist Financial Corp. NYSE:TFC, maintained a Hold rating on Friday. His price target of $18 implies a potential upside of roughly 9% from SoFi’s last close.
SoFi is set to deliver its report ahead of markets opening on Wednesday. The company will hold its conference call at 8 a.m. EDT.
Risks persist. Softer consumer credit, higher deposit expenses or reduced loan appetite could stall margin expansion. Ongoing softness at Galileo would pose an additional challenge.
A small quarterly outperformance may not resolve the matter. Stronger guidance, or more detailed margin outlook for the second half, would be more significant.
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