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SLM misses Q2 earnings and revenue estimates as lower net interest income, higher expenses and margin pressure weigh on the results despite loan origination growth.
Sallie Mae (SLM) delivered earnings and revenue surprises of -36.96% and -6.31%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?
Student loan provider Sallie Mae (NASDAQ:SLM) fell short of the market’s revenue expectations in Q2 CY2026, with sales flat year on year at $401.1 million. Its GAAP profit of $0.29 per share was 34.2% below analysts’ consensus estimates.
SLM stock plunges 7.6% after management flags elevated charge-offs tied to certain debt resolution practices and warns of pressure on recoveries.
SLM Corporation, commonly known as Sallie Mae, is the leading provider of private student loans in the United States.
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