SoFi Shares Hit 52-Week Low Despite Record Quarterly Growth

Shares of SoFi Technologies fell approximately 10% to 11% on July 29, 2026, hitting a new 52-week low. The decline occurred despite the company reporting record second-quarter results, which included GAAP revenue of $1.22 billion—a 43% year-over-year increase—and adjusted earnings of $0.12 per share. Other growth markers included a 35% increase in its member base to 15.8 million and a record $14.8 billion in total loan originations.

Investors reacted negatively to the company's financial guidance for the remainder of the year. While SoFi raised its 2026 adjusted revenue forecast to between $4.75 billion and $4.85 billion, it chose to maintain existing adjusted EBITDA and earnings per share targets.

CEO Anthony Noto attributed the decision to hold profit guidance constant to changing economic conditions. He stated that the bank's expectations have shifted to anticipating two rate hikes this year, contrasting with the two rate cuts the company expected at the start of the year.