FINWIRES · TerminalLIVE
FINWIRES

Update: Chime Shares Rise After Q2 Swings to Profit, Higher 2026 Revenue Guidance

By

(Updates with the latest stock price movement in the headline and first paragraph and adds reorganization details in the last paragraph.)

Chime Financial (CHYM) shares rose about 24% in Thursday trading after the company swung to a Q2 profit, exceeded revenue expectations, and raised 2026 guidance.

The company reported Q2 earnings late Wednesday of $0.07 per diluted share, swinging from a loss of $7.29 a year earlier.

Analysts polled by FactSet expected $0.00.

Revenue for the quarter ended June 30 was $669.8 million, up from $528.1 million a year earlier.

Analysts expected $641.3 million.

The company expects Q3 revenue of $680 million to $690 million. Analysts expect $667.6 million.

Chime raised its full-year 2026 revenue guidance to between $2.73 billion and $2.75 billion, up from $2.66 billion to $2.69 billion previously. Analysts expect $2.68 billion.

In a regulatory filing, the company disclosed its reorganization plan, which includes a 10% workforce reduction. Also, the company said Matthew Newcomb will step down from his position as chief financial officer, effective Friday.

Price: $32.18, Change: $+6.26, Percent Change: +24.15%

Related Articles

Wire

Cirrus Logic Fiscal Q1 Adjusted Earnings, Revenue Rise

Cirrus Logic (CRUS) reported fiscal Q1 adjusted earnings late Wednesday of $1.84 per diluted share, up from $1.51 a year earlier.Analysts polled by FactSet expected $1.81.Revenue in the three months ended June 27 rose to $459.7 million from $407.3 million a year ago.Four analysts expected $460.3 million.The company expects fiscal Q2 revenue of $510 million to $570 million. Analysts project $570.1 million.Cirrus Logic shares fell 3.4% in after-hours trading.

$CRUS
Wire

Tenaris Q2 Earnings, Revenue Fall

Tenaris (TS) reported Q2 earnings late Wednesday of $0.95 per American depository share, down from $0.99 a year earlier.Four analysts polled by FactSet expected $0.83.Revenue in the three months ended June 30 fell to $2.97 billion from $3.09 billion a year earlier.Analysts expected $2.93 billion.Tenaris shares fell 5.5% in after-hours trading.

$TS
Wire

Block Q2 Adjusted Earnings, Revenue Rise

Block (XYZ) reported Q2 adjusted earnings late Wednesday of $1.02 per diluted share, up from $0.62 a year earlier.Analysts polled by FactSet expected $0.87.Revenue in the three months ended June 30 rose to $6.62 billion from $6.05 billion a year earlier.Analysts projected $6.47 billion.Block expects Q3 adjusted diluted EPS of $1.02. Analysts project $1.01.The company increased full-year adjusted EPS guidance to $4.02 from the prior outlook of $3.85. Analysts project $3.90.Block shares fell 1.7% in after-hours trading.

$XYZ