Circle Misses Q2 Revenue Estimates as Crypto Rout Hits USDC Circulation
- Circle’s Q2 revenue rose 7% to $701M but missed estimates as USDC circulation declined.
- Lower USDC circulation and a 66-basis-point drop in yields slowed Circle’s reserve income growth.
- Circle lifted 2026 guidance, maintained a 40% USDC CAGR target, and improved RLDC margins.
Circle Internet Group Inc. (NYSE: CRCL) reported second-quarter 2026 revenue of approximately $701 million, missing the average analyst estimate of $712 million. The shortfall occurred as its USDC stablecoin circulation pulled back from peak levels during a protracted downturn and rout across cryptocurrency markets.
Circle Misses Q2 Revenue Estimates as Crypto Rout Hits USDC Circulation
In Q2 2026, Circle reported a total revenue of around $701M, representing a 7% growth year-over-year (YoY) from $658M. The result was below Wall Street’s estimated range of $712-$719M, with some consensus …
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