---
canonical_url: https://www.stockexpertai.com/earnings/hood
last_updated: 2026-08-11T06:17:12.946Z
---

# Robinhood Markets, Inc. (HOOD) Q2 FY2027 Earnings Preview

> This content was automatically generated with FMP live data + Q2 FY2026 earnings call transcript. Generated: 2026-08-11T06:17:12.569Z. Educational tool, not investment advice.

---

## Quick Summary

| Field | Value | Source |
|---|---|---|
| Price | $94.52 (▲ 1.32%) | fmp:quote |
| Market Cap | $85.0B | fmp:profile |
| 52w range | $63.52 – $153.86 | fmp:quote |
| Earnings | Wed 4 Nov | fmp:earnings-history |
| EPS estimate | $0.47 (-23% YoY) | fmp:earnings-estimate |
| Revenue estimate | $1.3B | fmp:earnings-estimate |
| Beat streak | 1/4 | fmp:earnings-history |
| Rating | C+ (overall 2/5) | fmp:ratings |
| Analyst median target | $122 (+29.1% upside) | fmp:price-target-consensus |
| MoonshotScore | 47/100 | derived |
| Council | 4/6 bullish | derived |
| Munger verdict | Undervalued | derived |

## Robinhood Markets, Inc. — Q2 FY2027 Expectations

Q2 consensus: revenue <strong data-source="fmp:earnings-estimate" data-field="estimates.next.revenueAvgLabel">$1.3B</strong><sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.revenueAvg" title="FMP est">[FMP est]</sup>, EPS <strong data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">$0.47</strong><sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg" title="FMP est">[FMP est]</sup>. 1 consecutive quarters of beat<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.beatStreakCount" title="FMP earnings">[FMP earnings]</sup>.

## Quick Take

**Score:** C+ · **Stance:** BUY · **Council:** 4/6 · **Moonshot:** 47

= MoonshotScore <strong>47</strong><sup class="cite" data-source="derived" data-field="moonshot.score" title="multi-pillar formula">[multi-pillar formula]</sup> + Council <strong>4/6</strong><sup class="cite" data-source="derived" data-field="council.bullishCount" title="6-lens rule">[6-lens rule]</sup>. Form 4: 0 transactions<sup class="cite" data-source="fmp:insider-trading" data-field="insider.txCount" title="FMP Form 4">[FMP Form 4]</sup>.

## Watchlist (5 metrics)

### 1. Gold Card Banking Growth

Robinhood Gold Card surpassed 1 million cardholders, driving over $17 billion in annualized purchase volume, while banking deposits broke $3 billion since last November.

> "We also crossed an exciting milestone for the Robinhood Gold Card. 1 million cardholders. ... the Gold Card is now driving over 17 billion in annualized purchase volume. ... We broke 3 billion in banking deposits since we began rolling out just last November."
> — Vladimir Tenev, CEO, Investor Focus · Q2 FY2026

### 2. Net Deposits Customer Growth

Net deposits reached a record $22 billion, representing a 28% annualized growth rate, and the company added nearly 1 million funded customers in the quarter.

> "Record net deposits of 22 billion, which is a 28% annualized growth rate and record gold subscribers of 4.8 million, which is now 17% attach rate relative to our net funded accounts. ... we added nearly 1 million funded customers in the quarter."
> — Vladimir Tenev, CEO, Investor Focus · Q2 FY2026

### 3. Lowered Opex Guidance

Robinhood is lowering and tightening its 2026 outlook for adjusted OpEx and SBC to a range of $2.675 billion to $2.775 billion, demonstrating expense discipline.

> "So we are lowering and tightening our 2026 outlook for adjusted OpEx and SBC to a range of 2.675 billion to 2.775 billion"
> — Shiv Kumar Verma, CFO, Expectation / Guide · Q2 FY2026

### 4. Robinhood Chain Stock Tokens

Robinhood Chain Mainnet launched with over $12 billion in DEX volume and became the fastest chain to 100 million transactions, while stock tokens are now available in over 120 countries.

> "We introduced a suite of products including Robinhood Chain, which is the first chain purpose built for real world assets. ... We saw over 12 billion in DEX volume. ... It was also the fastest chain to get to 100 million transactions we are well north of 150 million transactions at this point. ... Stock tokens are available in more than 120 countries."
> — Vladimir Tenev, CEO, Investor Focus · Q2 FY2026

### 5. Agentic Trading Ai

Robinhood launched AgenTic trading, allowing customers to build AI agents for trading equities, options, and soon crypto, with over 100,000 accounts already opened.

> "We also launched the first version of AgenTic trading, which allows customers to build AI agents to trade equities options in crypto and to have access to Robinhood tools and features. ... We have had over 100 thousand people actually integrate and open up AgenTic accounts, which has been very cool."
> — Vladimir Tenev, CEO, Investor Focus · Q2 FY2026


## MoonshotScore Pillars

| Pillar | Score | Level | Evidence |
|---|---|---|---|
| Revenue Growth | 0.0 | weak | Q2 vs Q3: growth negative (-58.0%, contraction) |
| Gross Margin | 6.0 | medium | Q2: high margin (61.3%) |
| Operating Leverage | 0.0 | weak | op margin weak (-76.8%, under pressure) |
| Cash Runway | 10.0 | strong | FCF very strong ($0.7B, 58.8× CapEx) |
| R&D Intensity | 5.0 | medium | high R&D intensity (17.1%, aggressive) |
| Price Momentum | 4.0 | medium | RSI 47.3 balanced, 50d below |
| News Sentiment | 8.0 | strong | strong buy consensus (79%) |

**Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula.

## Council (7-Lens)

| Name | Stance | Context |
|---|---|---|
| Ray Dalio | bull | macro · target upside +29.1% |
| Ken Griffin | bear | flow · 50d MA below |
| Jim Simons | neutral | quant · RSI 47 |
| Klarman | bull | value · target upside +29.1% |
| Buffett | bull | quality · ROE score 5/5 |
| Munger | bull | valuation · target upside +29.1% |

**Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr.

## Munger Lens

- **Verdict:** Undervalued
- **Financial Health:** Weak
- **Margin of Safety:** Strong
- **Interest Coverage:** Adequate
- **ROIC vs WACC:** Healthy

**Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget.

## Technical Levels

- **RSI(14):** 47.3 — dengeli — yön sinyali zayıf
- **50d MA:** $99 — hisse %4.1 altında — kısa vadeli direnç
- **200d MA:** $98 — hisse %3.6 altında — uzun vadeli baskı
- **Volume (10d):** -40%

## Past Performance (4 Quarters)

| Quarter | EPS Actual | EPS Estimate | Result | Reaction |
|---|---|---|---|---|
| Q3 FY25 | $0.61 | $0.54 | BEAT | -10.8% |
| Q4 FY25 | $0.66 | $0.63 | BEAT | -8.9% |
| Q1 FY26 | $0.38 | $0.39 | MISS | -13.2% |
| Q2 FY26 | $0.62 | $0.44 | +40.9% EPS | -3.6% |

Q2 (July 29, 2026): EPS $0.62 vs $0.44 est<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.history.0" title="FMP">[FMP]</sup>, +40.9% beat. D+1 movement: -3.6%<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.timeline.3.reactionLabel" title="FMP D+1">[FMP D+1]</sup>. Decline despite beat — market reacted to guidance, not numbers.

## 3 Scenarios

### Scenario A · Beat
**Q2 EPS > $0.47 + CapEx discipline**

Threshold: EPS > $0.47<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est]</sup>.

Target: Break above median target $122<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.median">[FMP target]</sup>; high target $160<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.high">[FMP]</sup> upper bound.

### Scenario B · In-Line
**EPS ≈ $0.47 + CapEx < $12.0M**

Threshold: EPS ≈ $0.47<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est]</sup>, Q2 CapEx < $12.0M<sup class="cite" data-source="fmp:cashflow" data-field="cashflow.qPrev.capexLabel">[FMP]</sup>.

Target: Consolidation in the band between current $95<sup class="cite" data-source="fmp:quote" data-field="quote.price">[FMP]</sup> and median $122<sup class="cite" data-source="fmp:price-target-consensus" data-field="priceTarget.median">[FMP]</sup>.

### Scenario C · Miss
**EPS < $0.46 or CapEx ≥ $12.0M**

Threshold: EPS < $0.46<sup class="cite" data-source="fmp:earnings-estimate" data-field="estimates.next.epsAvg">[FMP est×0.97]</sup>.

Target: Current $95 below SMA200 $98<sup class="cite" data-source="fmp:technical" data-field="technical.sma200">[FMP]</sup>, if rejection continues, $83<sup class="cite" data-source="derived" data-field="technical.sma200" data-formula="round(sma200*0.85)">[derived]</sup> support activates.

## Risk Notes

### Primary segment below threshold
Q2: EPS $0.62 vs $0.44 beat<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.history.0" title="FMP">[FMP]</sup>, stock -3.6% D+1<sup class="cite" data-source="fmp:earnings-history" data-field="earnings.timeline.3.reactionLabel" title="FMP">[FMP]</sup>. Shiv Kumar Verma Q2 transcript: "Record revenues, of 1.3 billion that is up 32% from last year."<sup class="cite" data-source="transcript:q-prev" data-field="transcript.azureQuoteEn" title="Shiv Kumar Verma">[Shiv Kumar Verma]</sup>.

### Backlog concentration
No RPO/backlog concentration disclosed in Q2 earnings call.

### Insider trading
Form 4 data is marked in the table — this page does not generate assumptions for this stock.

| Executive | Action | Amount | Date |
|---|---|---|---|


**Net:** — (0 transactions · 0 sells · 0 buys) · Q2 FY26

### CapEx shock
Q2 CapEx $12.0M<sup class="cite" data-source="fmp:cashflow" data-field="cashflow.qPrev.capexLabel" title="FMP cashflow">[FMP cashflow]</sup>. Q2 op margin -76.8%<sup class="cite" data-source="fmp:income" data-field="income.quarters.0.operatingMargin" title="FMP op margin">[FMP op margin]</sup> — this level in Q2 is sensitive to CapEx revision risk.

## Wall Street Consensus

- **Median target:** $122 (+29.1% upside vs current $95)
- **High / Low:** $160 / $100
- **Buy / Hold / Sell:** 22 / 4 / 2
- **Analyst count:** 25 (last quarter), 141 all-time

## Additional Transcript Insights

### 1. net_deposits_customer_growth

**Claim:** Net deposits reached a record $22 billion, representing a 28% annualized growth rate, and the company added nearly 1 million funded customers in the quarter.

**Evidence (transcript):** "Record net deposits of 22 billion, which is a 28% annualized growth rate and record gold subscribers of 4.8 million, which is now 17% attach rate relative to our net funded accounts. ... we added nearly 1 million funded customers in the quarter."

**Numbers:** 22 billion, 28%, 4.8 million, 17%, 1 million

### 2. gold_card_banking_growth

**Claim:** Robinhood Gold Card surpassed 1 million cardholders, driving over $17 billion in annualized purchase volume, while banking deposits broke $3 billion since last November.

**Evidence (transcript):** "We also crossed an exciting milestone for the Robinhood Gold Card. 1 million cardholders. ... the Gold Card is now driving over 17 billion in annualized purchase volume. ... We broke 3 billion in banking deposits since we began rolling out just last November."

**Numbers:** 1 million, 17 billion, 3 billion, last November

### 3. agentic_trading_ai

**Claim:** Robinhood launched AgenTic trading, allowing customers to build AI agents for trading equities, options, and soon crypto, with over 100,000 accounts already opened.

**Evidence (transcript):** "We also launched the first version of AgenTic trading, which allows customers to build AI agents to trade equities options in crypto and to have access to Robinhood tools and features. ... We have had over 100 thousand people actually integrate and open up AgenTic accounts, which has been very cool."

**Numbers:** 100 thousand

### 4. robinhood_chain_stock_tokens

**Claim:** Robinhood Chain Mainnet launched with over $12 billion in DEX volume and became the fastest chain to 100 million transactions, while stock tokens are now available in over 120 countries.

**Evidence (transcript):** "We introduced a suite of products including Robinhood Chain, which is the first chain purpose built for real world assets. ... We saw over 12 billion in DEX volume. ... It was also the fastest chain to get to 100 million transactions we are well north of 150 million transactions at this point. ... Stock tokens are available in more than 120 countries."

**Numbers:** 12 billion, 100 million, 150 million, 120

### 5. lowered_opex_guidance

**Claim:** Robinhood is lowering and tightening its 2026 outlook for adjusted OpEx and SBC to a range of $2.675 billion to $2.775 billion, demonstrating expense discipline.

**Evidence (transcript):** "So we are lowering and tightening our 2026 outlook for adjusted OpEx and SBC to a range of 2.675 billion to 2.775 billion"

**Numbers:** 2026, 2.675 billion, 2.775 billion


---

*Data source: FMP (live query, 2026-08-11), Q2 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*