Pagaya Technologies (PGY) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $1.07
- Estimate
- $0.72
- Surprise
- +48.0%
- Revenue (period 2026-06-30)
- $365.6M
- Score at report (before → after)
- 6.7 → 6.7/10
Revenue source: xbrl.
How the report landed
Pagaya Technologies (PGY) beat the $0.72 estimate with diluted EPS of $1.07 — a large 48.0% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.7/10) to Hold at 6.7/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates PGY Hold at 6.7/10.
4 of the last 4 quarters beat the estimate; this quarter's +48.0% surprise compares with a +34.2% four-quarter average. Next scheduled report: 2026-11-10.
What supports the rating
- Strong earnings beat streak (4/4)
- High-quality business
What argues against it
- Leverage penalty (D/E 1.3): -0.5
- Momentum score 4.5/10 — below 4.5 minimum
- Reward/Risk 1.1:1 at current price — below 1.5:1 minimum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $21.79
- Price target
- $25.40
- Stop
- $20.16
- Upside to target
- +16.6%
- Reward-to-risk
- 1.1:1
The stock trades at 14.4× trailing but 5.3× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-08-23 — shown for context, not personalized investment advice.
PGY at TrendMatrix's latest read
Technology names get repriced on forward expectations more than trailing prints — a quarter here is read through next-year growth and multiple, not the EPS line alone.
- Industry
- Software - Infrastructure
- Market cap
- $1.81B
- P/E (fwd)
- 5.3
- P/E (ttm)
- 14.4
- 52-week range
- $10.40–$44.99
- Off 52-week high
- 51.6%
- RSI (14)
- 46
- Volume vs avg
- 0.98×
- Score today
- 6.7/10