US Stock Market Move | Q3 revenue beats market expectations, SoFi Technologies (SOFI.US) rises about 12%.

On Tuesday, SoFi Technologies (SOFI.US) rose more than 8% in early trading, and as of press time, the gain widened to 12%. On the news front, the company's reported third-quarter fiscal 2026 results showed quarterly revenue of $1.4 billion, up 44% year-over-year and beating expectations by $140 million; non-GAAP earnings per share were $0.18, beating expectations by $0.01; adjusted EBITDA surged 70% to a record $470 million. During the period, the total number of members on the company's SoFi platform grew 35% year-over-year to a record level, while total products surged 44%, demonstrating a clear improvement in the platform's cross-selling strategy and user stickiness. Based on the strong business expansion trend, the company fully raised its full-year fiscal 2026 guidance, lifting its adjusted net revenue forecast to $5.04 billion and adjusted EBITDA to $1.66 billion. In addition, SoFi also issued its first long-term outlook for fiscal 2027, expecting adjusted net revenue to reach $6.4 billion and earnings per share to rise to $0.90 by then.