SoFi slips as unchanged 2026 revenue forecast disappoints

SoFi Technologies

29/04/2026 13:37

** Shares of fintech lender SoFi Technologies SOFI.O down 8.2% at $16.83 premarket

** Co kept its 2026 revenue forecast unchanged, overshadowing record Q1 results

** For the full year, the co continues to expect profit of 60 cents per share on revenue of about $4.66 bln, in line with Wall Street expectations, per LSEG data

** The reiterated forecast comes as macro uncertainty persists, even as loan demand picks up across lenders, with U.S. consumers and the broader economy remaining resilient despite higher oil prices amid Middle East tensions and still-high interest rates

** Q1 EPS surged to 12 cents, compared with 6 cents a year earlier, while its adjusted revenue rose 41% to a record $1.1 bln, beating analyst estimates of $1.05 bln

** As of last close, SOFI stock down 29.8% YTD

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))