8/106 sources · 4 publishersUpdated Oct 28, 11:08 UTC
SoFi reports record Q3 2026 results, beats revenue and earnings estimates
SoFi Technologies posted third‑quarter 2026 adjusted earnings of $0.18 per share and revenue of $1.37 billion, both above analyst forecasts. The results lifted the stock about 14% to $16.40‑$16.73 and prompted several banks to raise their price targets. Management also raised full‑year 2026 guidance and gave a preliminary outlook for 2027.
Why it matters
The earnings beat and higher guidance support the recent price‑target upgrades from BofA, Wells Fargo and Needham, which could encourage further buying pressure. Investors will watch whether the raised 2027 revenue target of $6.4 billion and EPS target of $0.90 are achieved.
Key facts
- 1Adjusted earnings per share for Q3 2026 were $0.18, beating the $0.17 consensus estimate. fxleaders.com
- 2Adjusted revenue for the quarter was $1.37 billion, up 44% year‑over‑year. fxleaders.com
- 3The stock rose to $16.73 in trading after the release. fxleaders.com
- 4Total loan originations increased 71% to $16.9 billion, with personal loans at $12.6 billion. stocktwits.com
- 5BofA raised its price target to $16.50. investing.com
- 6Wells Fargo raised its price target to $18.00 from $17.00. investing.com
Open questions
- Material 6 reports EPS of $0.47, which differs from the $0.18 adjusted EPS reported in other sources without a clear basis.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.