Sofi Earnings, Revenue Top Estimates But Fintech Stock Falls

SoFi Technologies (SOFI) on Wednesday reported second-quarter earnings and revenue that topped Wall Street targets and increased its full-year 2026 revenue outlook. SoFi stock fell as weakness in its technology platform business overshadowed its lending unit. The financial technology company reported Q2 earnings before the market open. In the June quarter, San Francisco-based SoFi said it earned 12 cents.