SoFi stock: What Wall Street expects from July 29 earnings

TLDR

• SOFI stock is down 37% year-to-date, but net income in the first quarter of 2026 jumped 134% year-over-year.
• Q2 2026 earnings are scheduled to be due July 29; Wall Street expects earnings per share of $0.11 and revenue of approximately $1.11 billion
• Options traders are pricing in a move of more than 10% in either direction after earnings
• Real analyst Matthew Quade carries a Hold rating with a price target of $18, citing concerns about the loan platform’s growth and competition.
• The Wall Street consensus is to hold, with an average price target of $21.20 – implying an upside of 29% from current levels.

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SoFi Technologies (SOFI) heads into its 2026 Q2 earnings report on July 29 with its shares trading at $16.46 — down 37% year-to-date and about 50% from its 2026 highs.

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This is a wide gap between the stock price and what the company actually does.

The first quarter of 2026 showed record loan originations of $12.18 billion, up 68% year over year. GAAP net income was $166.73 million, an increase of 134% from the same period last year. Operating income increased by more than 150%.

Member growth was 35% year-on-year, and 43% of new products were taken up by existing members – a sign of the success of the cross-selling model.

For the full year, management expects $4.655 billion in adjusted net revenue, approximately 30% growth, and $0.60 in adjusted EPS. Medium-term guidance indicates a compound annual growth rate of 38% to 42% through 2028.

The valuation looks attractive on paper

At a forward P/E of 28 and a PEG ratio of 0.81, SOFI The valuation looks cheap compared to its growth rate. A PEG less than 1 generally indicates that the stock is undervalued relative to its earnings growth.

The consensus price target among analysts sits at $20.58 to $21.20, depending on the source – both of which indicate a significant upside from current prices. SoFi has beaten estimates for seven straight quarters.

For comparison, LendingClub trades at a forward PE of 12 but is growing revenues just 12.5% ​​year over year. Upstart carries a forward PE of 36 with a PE of 4.21% and an operating margin of 0.9%. Neither of them has a banking charter or deposit base.

SoFi’s profit margin of 14.8% and operating margin of 18.3% puts it ahead of its peers in terms of profitability.

Analysts are cautious about entering

The Wall Street consensus on earnings is Hold – nine holds, six buys, and three sells.

Truist analyst Matthew Coad reiterated his hold rating ahead of Q2 results, pushing his price target to $18 from $17. He described himself as “more tactically bearish” in print.

Coad’s concerns include pressure on net interest margin, higher customer acquisition costs from neobank competition, and a potential slowdown in its loan platform business due to difficult year-on-year comparisons.

He also noted that full-year guidance meant a sharp acceleration in the back half. Any revenue shortfall or slight increase in spending could put the $0.60 per share target at risk.

Options traders are less cautious. Implicit move to SOFI Post-earnings is 10.45%, which is higher than the stock’s average post-earnings move of about 8.5% over the past four quarters.

Wall Street expects second-quarter EPS of $0.11, up 37.5% year over year, on revenue of about $1.11 billion, up about 30%.

SOFI announces Q2 2026 results before the market open on July 29.