SoFi Stock Surges Over 10% After Record Q3 Earnings and Raised Guidance

SoFi Technologies (NASDAQ: SOFI) shares surged more than 10% to $15.96 in premarket trading Tuesday after the digital financial services company reported record third-quarter 2026 results and raised its full-year earnings and revenue forecasts above Wall Street expectations. Adjusted net revenue rose 44% year over year to a record $1.37 billion, exceeding analysts’ expectations of roughly $1.25 billion. Adjusted EBITDA climbed 70% to a record $470 million, while earnings per share reached $0.18, beating the $0.17 consensus estimate. SoFi also reported GAAP net revenue of $1.39 billion and net income of $241 million, up from $139.4 million a year earlier.

Source: The Crypto Basic