Down 50% From 2026 Highs, Should You Buy Sofi Before July 29 Earnings?

SoFi Technologies (NASDAQ:SOFI) enters its July 29 Q2 net study with a crisp disconnect betwixt its banal and its business. The banal is down 37.13% twelvemonth to date, but loan originations roseate 68%, net income climbed 134%, and absorption inactive expects about 30% adjusted gross growth for the year.

At $16.46 per share, the large question up of Q2 net is whether SoFi's falling banal terms has created a buying opportunity.

Sofi Stock Is Falling While Profits Climb 135%

Q1 2026 delivered grounds indebtedness originations of $12.18 billion, up 68% YoY, GAAP nett income of $166.73 million, up 134.45% YoY, and operating income up 150.12%. Members grew 35% YoY, and 43% of caller products came from existing members, the cross-sell flywheel absorption has spent 5 years engineering.

Full-year 2026 guidance calls for $4.655 cardinal successful adjusted nett gross (about 30% growth) and $0.60 successful adjusted EPS, with medium-term guidance for a 38% to 42% adjusted EPS CAGR done 2028.

A 28x P/E Looks Cheap Against 38% to 42% EPS Growth

SoFi trades astatine a guardant P/E of 28 with a PEG ratio of 0.81. While banks typically bid little net multiples than the broader market, SoFi's sub-1 PEG ratio suggests its valuation remains charismatic comparative to its growth. The expert statement terms people sits astatine $20.58 vs the stock's existent terms of $16.46, and SoFi has present met oregon beaten estimates for 7 consecutive quarters.

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SoFi's Bank Charter Gives It an Advantage Rivals Cannot Match

Investors reaching for cheaper fintech vulnerability mightiness look astatine LendingClub (NYSE:LC) oregon Upstart Holdings (NASDAQ:UPST). LendingClub carries a guardant P/E of 12, but its quarterly gross maturation is 12.5% YoY, a fraction of SoFi's. Upstart is much costly astatine a guardant P/E of 36 connected a 4.21% nett borderline and a 0.9% operating margin, but the concern lacks a slope charter oregon a deposit base.

SoFi's 14.8% nett borderline and 18.3% operating borderline amusement the concern has beardown quality, though investors person to wage up for it with the banal trading astatine a 28x guardant P/E.