NU Stock Jumps As Record Q2 Earnings Reset Bullish Targets

Nu Holdings Ltd. (NU) reported Q2 2026 net income of $1.1 billion, up 49% YoY, with gross revenue at $5.9 billion, up 39% YoY. Customer base grew to 139 million, with 83.5% activity rate. ARPAC was $17, and the efficiency ratio was 19.5%. Credit portfolio reached $39.4 billion, with NIM at 22.9%. ROE was 33%, and operating expenses rose 20% sequentially. The company plans to limit U.S. entry spending to 100 basis points of the efficiency ratio over 12-30 months.

Nu Holdings (NYSE: NU) shares rose 1.64% to $14.585 on record Q2 profit, with risk-adjusted net interest margin increasing 290 bps to 12.4%. Revenue was $5.88B, beating estimates. Late-stage delinquencies rose to 6.9%. Analysts' price targets range from $10 to $22, with a consensus of $17.98. The company has a $1B buyback program. Credit quality concerns persist.

Nu Holdings (NYSE: NU) shares rose 13% after Q2 2026 earnings beat estimates, with revenue up 50% to $5.51B and EPS up 66% to $0.22. The company gained 4M customers, reaching 139M total. Mexican regulators approved its banking license, making Nubank the largest digital bank in Mexico. Management plans a 12-30 month timeline for U.S. credit capabilities post-launch.

Maverick Capital, led by Lee Ainslie, significantly rotated its portfolio, reducing positions in NVDA and TSM and adding new stakes in META, AMD, SNOW, INTC, and NU. The fund's largest new position is in NU, with a $662.7 million investment, including call options. Other notable investments include META, where Maverick took a $430.4 million stake, and AMD, with a $567.2 million position. The moves reflect a shift in strategy, with the fund betting on AI, data cloud, and emerging market opportuni

Nu Holdings (NYSE: NU), a digital banking platform in Latin America, added 4M customers last quarter, totaling 139M. Revenue rose 39% YoY to $5.9B, and net income surged 49% to $1.1B. The company's ARPAC increased 22% to $17.10. Shares trade 23% below their peak but have an attractive forward P/E of 20. Risks include regional volatility and rising non-performing loans.

Nu Holdings (NU) reported second-quarter results after the close, with net income exceeding $1 billion for the first time, up 49% year over year on a currency-neutral basis, and 33% return on equity. Nu said it had 118 million customers in Brazil, over half the population, and monthly activity surpassed 86%. Global customers rose to 138.9 million, up 13% YoY, while ARPAC reached $17.10.