Corporate America: October 27, 2026 — SoFi Surges as Boeing’s Recovery Still Leaves Commercial Jets in the Red

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SoFi Technologies set the pace on Tuesday, posting record revenue, raising its full-year outlook and adding a 2027 forecast well above expectations, while Boeing showed how far a recovery can go and still disappoint, narrowing a multibillion-dollar loss to $116 million yet falling more than 10% as its commercial airplane business stayed in the red. Coca-Cola, Royal Caribbean, UPS and PayPal all raised annual guidance, and Corning and Celestica rode artificial intelligence demand to strong growth. The broader market advanced ahead of Wednesday’s Federal Reserve decision, with the S&P 500 up 0.60% at 7,722.60, the Nasdaq Composite up 1.18% at 26,477.81 and the Dow Jones Industrial Average nearly flat, up 0.03% at 52,377.57, on a day tracked throughout on our Corporate America desk.

Earnings

SoFi reported net revenue of $1.385 billion for the third quarter, up 44% from a year earlier, with net income up 73% to $241 million and diluted earnings of $0.18 a share. Membership rose 35% to 17.1 million after a record 1.2 million additions, and total products rose 44% to 26.7 million. Management raised its 2026 outlook to $5.04 billion in adjusted net revenue and $0.61 in adjusted earnings a share, and introduced 2027 guidance of about $6.4 billion in revenue and $0.90 in adjusted earnings a share. The shares closed up 13.42% at $16.40.

Boeing moved the other way. Revenue rose 4% to $24.19 billion and the net loss narrowed to $116 million, or $0.26 a share, from $5.34 billion, or $7.14 a share, a year earlier. The core loss was $0.34 a share, wider than analysts had expected. Defense, Space & Security revenue rose 15% to $7.94 billion and total backlog reached a record $745 billion, but Commercial Airplanes still lost $697 million on revenue down 3% to $10.72 billion, with 161 deliveries in the quarter. The shares closed down 10.69% at $168.18. Coca-Cola was steadier and still slipped. Net revenue rose 7.4% to $13.38 billion, net income attributable to shareowners rose to $4.01 billion, or $0.93 a share, and global unit-case volume grew 5% as organic revenue rose 7%. Reuters reported that the company raised its outlook for comparable currency-neutral earnings per share growth to at least 9% in 2026, from 7% to 8% previously, yet the shares closed down 1.50%.

Royal Caribbean reported revenue up 9% to $5.6 billion, net income of $1.7 billion and adjusted earnings of $6.57 a share, above both Wall Street’s $6.38 consensus and its own guidance, helped by close-in demand in Europe and the Caribbean and a load factor of 112.4%. It raised full-year adjusted earnings guidance to $17.85 to $17.95 a share, said 2027 bookings are pacing ahead of historical levels at higher rates, and the shares closed up 6.50%. JetBlue soared 19.00% after raising its outlook for revenue per available seat mile, despite a wider-than-expected loss as fuel costs weighed. UPS reported revenue up 6.7% to $22.85 billion and adjusted earnings of $1.69 a share, above the $1.63 consensus, as it deliberately cut lower-margin Amazon volume and chased higher-margin parcels. It raised full-year revenue guidance to about $92.6 billion, from $91.2 billion, and adjusted earnings to about $7.28 a share, and the shares closed up 6.00%. PayPal’s quarter split the other way, with revenue up only 2% to $8.58 billion, short of the $8.71 billion expected, while adjusted earnings rose 8% to $1.45 a share, well above expectations, on total payment volume up 6% to $487.1 billion. PayPal raised its full-year adjusted earnings outlook to about $5.60 a share, from about $5.38, and the shares closed up 2.00%. That pattern is what our Earnings Season Playbook sets out to watch after results.

Deals, Capital and the AI Build-Out

The industrial side of the AI trade delivered the largest growth rates. Celestica, reporting after Monday’s close, posted revenue up 83% to $5.83 billion and adjusted earnings of $3.30 a share, raised its 2026 outlook to $21 billion and targeted $40 billion for 2027, and the shares closed up 12.00%. Corning reported core sales up 19% to $5.08 billion and core earnings up 36% to $0.91 a share, with Optical Communications sales up 44% and Enterprise Networks revenue up 84% as generative AI sales more than doubled, plus four new long-term, multibillion-dollar agreements including with Verizon and AT&T. It guided fourth-quarter core sales to $5.2 billion to $5.3 billion, yet the shares closed down 1.00%. Baker Hughes posted revenue up 14% to $8.03 billion but net income down to $411 million, or $0.41 a share, from $609 million, as the Middle East conflict delayed project decisions, even as orders reached $10.8 billion. On capital, Reuters reported that Meta Platforms plans to raise up to $95 billion in its largest-ever equity fundraising for its AI expansion, after launching about $35 billion of offerings on Monday, and that Nvidia will invest $3 billion in that offering as the two expand work on Meta’s Muse assistant. S&P Global reported adjusted earnings of $4.58 a share on revenue up 7% to $3.68 billion, raised full-year guidance to $17.70 to $17.95 a share, executed $2.6 billion in buybacks in the quarter and began a strategic review of Capital IQ.

Jobs moves sat behind those guidance raises. PayPal said cuts to more than 2,000 jobs and a reduction of over 25% in managerial roles put it on track for $700 million in gross run-rate savings by the end of 2026, toward at least $1.5 billion over two to three years, with AI chat agents taking on more service work under chief executive Enrique Lores. Reuters reported that UPS has saved $1.8 billion through September toward a $3 billion full-year target while shutting facilities and cutting thousands of jobs as it scales back Amazon deliveries, lifting its U.S. Domestic Package adjusted margin to 7.0%.

The one to watch is Wednesday, October 28. The Federal Reserve announces its rate decision at 2:00 p.m. Eastern, and after the close Alphabet and Microsoft report, with consensus cited by SentiSense at $3.03 a share on $127.91 billion for Alphabet and $4.71 a share on $90.63 billion for Microsoft. GE Vernova, Amphenol and Vertiv report before the open, according to the Nasdaq earnings calendar. After a Tuesday in which guidance raises were rewarded and Boeing’s narrower loss was not, Wednesday’s test is whether the hyperscalers can show AI spending converting into growth fast enough to justify the capital programs Meta and Corning are raising money and building capacity to serve.

This is not investment advice. Corporate America is AI-assisted research produced with automated data checks; figures are verified against the cited sources at publication time.

Sources: Reuters (Coca-Cola outlook, October 27, 2026; PayPal turnaround and job cuts, October 27, 2026; UPS forecasts and cost savings, October 27, 2026; Baker Hughes, October 27, 2026; Meta equity plan and Nvidia $3 billion investment, October 27, 2026); company releases via Business Wire and Globe Newswire (SoFi, Boeing, Baker Hughes, Celestica, October 26–27, 2026); Zacks, Dow Jones via Morningstar and company reporting (Corning, S&P Global, UPS, Royal Caribbean, October 27, 2026); Investopedia and Barron’s closing movers, October 27, 2026; Finnhub closing prices for SoFi and Boeing, October 27, 2026; Nasdaq earnings calendar via SentiSense and Hedge Fund Telemetry for October 28, 2026.