SoFi stock drops 9% despite $1.1 billion earnings beat as guidance disappoints investors

Published on 29 April 2026

The numbers were great but the forecast stunned Wall Street

SoFi Technologies shares fell about 9% after a strong Q1 2026 performance, including a $1.1 billion revenue beat. Revenue rose 43%, net income jumped 134%, and members reached 14.7 million. But investors focused on softer forward guidance: the full-year outlook missed expectations and Q2 growth suggested a slowdown toward 30%.

SoFi posted a major Q1 revenue beat of $1.1 billion
Revenue and net income surged, with members hitting 14.7 million
Shares still plunged as forward guidance missed expectations
Q2 growth signals a slowdown near 30% potential

#earnings #sofi #stock market #guidance #financial results

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

SoFi stock drops 9% despite $1.1 billion earnings beat as guidance disappoints investors

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