Sallie Mae reports Q3 loss, cuts EPS guidance and raises charge‑off outlook
Sallie Mae (SLM) posted a third‑quarter 2026 loss of $0.19 per share on revenue of about $375 million, missing analyst expectations. The company lowered its full‑year EPS guidance to $1.95‑$2.05 and increased its net charge‑off forecast to $400‑$420 million. It also cancelled a planned loan sale and announced a new three‑year partnership with Sixth Street committing to purchase at least $1.5 billion of new private‑education loans annually.
Why it matters
The guidance cut signals lower earnings for 2026 and higher credit losses, which may pressure the stock price further (the company’s shares fell roughly 9% after the release,). The partnership and retained loans could affect future cash flows and risk profile.
Key facts
- 1Q3 2026 GAAP EPS was a loss of $0.19 per share. tradingview.com
- 2Revenue for the quarter was $375 million. investing.com
- 3Full‑year 2026 diluted EPS guidance was revised to $1.95‑$2.05 per share. tradingview.com
- 4Full‑year net charge‑off guidance was raised to $400‑$420 million. seekingalpha.com
- 5The company cancelled its planned loan sale for October 2026. ibtimes.com.au
- 6A strategic partnership with Sixth Street was announced, with a minimum $1.5 billion annual purchase commitment of newly originated private‑education loans. seekingalpha.com
Summary written by AlphAI AI Desk from 16 of 16 sources. Not investment advice. Figures are as stated by the linked sources.