Circle stock reverses 7% rally after mixed Q2 results

Circle stock erased an early 7% rally and fell nearly 3% after mixed second-quarter results and renewed concerns about weaker USDC activity and shrinking margins. Summary Circle reported $701 million in revenue, missing Wall Street’s $717 million estimate. Earnings per share reached $0.18, narrowly beating the $0.17 consensus. Mizuho maintained its Underperform rating and $45 price target on CRCL. CRCL trades near critical support at $58.04 as bearish momentum persists. Circle earnings beat on profit but miss on revenue Circle Internet Group reported mixed results for the second quarter of fiscal 2026, giving investors competing signals about the USDC issuer’s financial performance. Quarterly revenue reached $701 million, falling short of the $717 million expected by Wall Street. However, earnings per share came in at $0.18, slightly above the consensus forecast of $0.17. Net income also exceeded expectations. Circle generated $48 million in profit during the quarter, compared with analysts’ estimate of $45.8 million. The initial reaction was positive, with CRCL shares rising about 7% shortly after the report. The rally faded as investors assessed the revenue miss and weaker operat...