{"id":4163,"date":"2026-04-29T23:29:21","date_gmt":"2026-04-29T23:29:21","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/sofi-ceo-defends-decision-to-hold-guidance-steady\/"},"modified":"2026-04-29T23:29:21","modified_gmt":"2026-04-29T23:29:21","slug":"sofi-ceo-defends-decision-to-hold-guidance-steady","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/sofi-ceo-defends-decision-to-hold-guidance-steady\/","title":{"rendered":"SoFi CEO defends decision to hold guidance steady"},"content":{"rendered":"<div id=\"NewsShowArticle-ArticleBody-6\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"NewsShowArticle-articleBody-6-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"group\">\n<p>Shares of <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"NewsShowArticle-QuoteInBody-1\">SoFi<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> plunged more than 15% Wednesday after the company declined to raise its full-year outlook \u2014 a move CEO Anthony Noto said reflects macro reality, not weakening fundamentals.<\/p>\n<p>&#8220;We did not raise the full-year guidance because when we originally gave the full-year guidance, we were anticipating at least two Federal Reserve rate cuts,&#8221; he told Jim Cramer. &#8220;And now we&#8217;re assuming that there will be no rate cuts.&#8221;<\/p>\n<p>The digital finance company reported results that were largely in-line with expectations, posting earnings of 12 cents per share and $1.09 billion in net revenue. Despite what Noto described as a &#8220;remarkable&#8221; quarter \u2014 including meeting its &#8220;Rule of 40&#8221; target for the 18th consecutive quarter \u2014 investors focused on the unchanged outlook. <\/p>\n<p>Noto said the decision underscores a shift in macro assumptions rather than any deterioration in the business itself. <\/p>\n<p>&#8220;To raise the bar in an environment that was uncertain on the interest rate front and what&#8217;s going on with the Middle East, we just didn&#8217;t see it as a prudent thing to do,&#8221; he said. <\/p>\n<p>The more cautious stance comes even as SoFi continues to deliver strong growth, including 41% revenue growth and 31% margins, alongside continued gains in members and product adoption. The company also generated more than $1 billion in cash revenue for the second consecutive quarter. <\/p>\n<p>&#8220;We&#8217;re really hitting on all cylinders,&#8221; Noto said.<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"NewsShowArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 class=\"RelatedContent-header\">Jim Cramer&#8217;s Guide to Investing<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"NewsShowArticle-GooglePreferredSource-6\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of SoFi plunged more than 15% Wednesday after the company declined to raise its full-year outlook \u2014 a move CEO Anthony Noto said reflects macro reality, not weakening fundamentals. &#8220;We did not raise the full-year guidance because when we originally gave the full-year guidance, we were anticipating at least two Federal Reserve rate cuts,&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[710,1304,2620,1386,764,1880,390],"class_list":["post-4163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-ceo","tag-decision","tag-defends","tag-guidance","tag-hold","tag-sofi","tag-steady"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=4163"}],"version-history":[{"count":0,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/4164"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=4163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=4163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=4163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}