Circle Shares Climb After Mixed Results and Fresh Arc Blockchain Support
TL;DR:
- Circle reported $701 million in revenue for the second quarter of 2026, falling short of Wall Street’s estimate of $712 million.
- Net income from continuing operations reached $48 million, beating analyst expectations and marking a $530 million year-over-year increase.
- Arc, Circle’s blockchain, will launch its public mainnet on September 16, with validators including BlackRock, Visa, and Mastercard.
Circle reported total revenue and reserve income of $701 million in the second quarter of 2026, a figure that came in slightly below the analyst consensus from Wall Street, estimated at $712 million according to data compiled by Yahoo Finance. Despite the mixed result, the company’s shares saw considerable volatility in pre-market trading on Wednesday: they surged as much as 10% initially before pulling back roughly 3%.
Reserve income reached $668 million, a 5% year-over-year increase driven primarily by a 25% rise in average USDC circulation. Net income from continuing operations came in at $48 million, beating the $43 million estimate and representing a year-over-year jump of $530 million. Adjusted EBITDA grew 8% to $143 million.
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