SoFi Technologies is scheduled to report its second-quarter 2026 earnings today at 7:00 a.m. Eastern Time, with the stock down 37% year-to-date despite a surge in profitability and lending activity that has left analysts questioning the valuation disconnect.
The fintech company guided for Q2 2026 adjusted net revenue of approximately $1.115 billion, representing roughly 30% year-over-year growth, with earnings per share expected between $0.10 and $0.11, according to guidance provided in late April.
SoFi’s first-quarter results, reported on April 29, delivered record loan originations of $12.18 billion, up 68% year-over-year, and GAAP net income of $166.7 million, up 134% year-over-year, according to the company’s earnings release. The company’s adjusted net revenue reached $1.1 billion, exceeding analyst expectations of $1.05 billion. Yet the stock fell 12% in early trading that day after management left its full-year 2026 guidance unchanged.
For the full year, SoFi expects adjusted net revenue of $4.655 billion, representing approximately 30% growth, and adjusted earnings per share of $0.60, in line with Wall Street expectations, per Reuters reporting from April 29. The company has also guided for medium-term adjusted EPS compound annual growth of 38% to 42% through 2028.
The stock’s decline contrasts sharply with operational momentum. Members grew 35% year-over-year in Q1, and 43% of new product purchases came from existing customers, demonstrating the cross-sell strategy management has spent years developing. The company’s deposit base has swelled to $40.24 billion, now funding over 90% of liabilities, with the cost of funds falling 48 basis points in the quarter.
Analysts have attributed the stock’s weakness to several factors. When SoFi reported Q1 earnings in late April, investors cited profit-taking and the company’s premium valuation as reasons for the decline, according to coverage from Trefis on February 4. A separate report from July 13 noted that SoFi stock had fallen to $18.22 as the fintech faced broader market headwinds. The company also disclosed that its Technology Platform segment revenue fell 27% year-over-year due to a large client that fully transitioned off the platform by the end of 2025, according to analysis published May 12.
Despite the stock’s decline, the valuation has compressed to levels analysts find attractive. SoFi trades at a forward price-to-earnings ratio of 28 with a price-to-earnings-to-growth (PEG) ratio of 0.81, suggesting the stock is trading below its growth rate, according to the July 25 Yahoo Finance analysis. The analyst consensus price target stands at $20.58, compared to the stock’s price near $16.46 as of July 25. SoFi has met or beaten earnings estimates for seven consecutive quarters.
The company’s bank charter and deposit base distinguish it from competitors like LendingClub and Upstart Holdings, which lack banking licenses. SoFi’s 14.8% profit margin and 18.3% operating margin exceed those of rivals, though the company commands a higher valuation multiple as a result.
Two risks loom ahead of today’s earnings. Personal loan charge-offs ticked up sequentially to 3.03% in Q1 from 2.80%, and the Technology Platform segment’s weakness bears monitoring. If SoFi maintains its 2026 outlook and charge-offs remain controlled, the current valuation could represent an attractive entry point for growth-focused investors in fintech.
Sources
- SoFi Investor Relations — Q2 2026 earnings conference call scheduled for July 29, 2026
- Reuters — SoFi’s full-year 2026 guidance and Q1 earnings impact on stock price
- Yahoo Finance — SoFi’s 37% YTD decline, PEG ratio, analyst price target, and operational metrics
- Seeking Alpha — SoFi Q2 2026 guidance for adjusted revenue and EPS
- Trefis — Analysis of profit-taking and valuation concerns following Q1 earnings
