Upstart Reports Q3 Results Tuesday With Analysts Expecting 32% Revenue Growth

Upstart reports third-quarter results Tuesday morning, with revenue expected to grow 32% year on year, according to the FinancialContent Business Page. The AI lending platform posted $364.7 million in revenue last quarter, up 41.7% year on year, a period when its full-year revenue guidance missed analysts' expectations significantly.

Upstart's Slowing Growth Into Q3

The expected 32% increase compares with the 70.9% growth Upstart recorded in the same quarter a year earlier. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Upstart rarely misses Wall Street's revenue estimates.

Among peers in the vertical software segment, Cadence Design Systems delivered year-on-year revenue growth of 22%, beating analysts' expectations by 1.1%, and Q2 Holdings reported revenues up 11.9%, topping estimates by 2%. Cadence Design Systems traded up 6.5% following the results while Q2 Holdings was down 3.9%. Upstart is down 5.2% over the last month, while share prices in the segment are up 5% on average over the same period. The average analyst price target is $37.94, compared with the current share price of $23.09.

Upstart's Capital and Partner Additions

Upstart is a public AI lending marketplace connecting consumer borrowers to more than 100 partner banks and credit unions, using a patented underwriting model trained on 110 million repayment events to originate personal, auto, and HELOC loans, according to akta.pro company records. The same records show Upstart secured more than $4 billion in new committed forward-flow capital from institutional partners in April 2026, including Castlelake at $1.5 billion, Fortress at $1.25 billion and Centerbridge at $1.2 billion. The records list a $400 million post-IPO debt round in September 2026 and a $200 million senior secured revolving credit facility from MUFG Bank and other lenders entered on October 16, 2026.

Upstart's Recent Lending Partnerships

Upstart expanded its partnership with MIT Federal Credit Union into indirect auto lending, adding a secured product to its lending strategy, Stock Titan reported on October 21, 2026. Credit Union of Denver partnered with Upstart to expand personal lending access, with lending beginning in April 2026, Stock Titan reported on October 7, 2026. MarketBeat reported on October 27, 2026 that analysts project earnings per share of $0.2065 and revenue of $365.18 million for the quarter, with a conference call at 8:00 AM ET.

Upstart's Tuesday Call

Upstart's conference call is scheduled for 8:00 AM ET on Tuesday, November 3, 2026, according to MarketBeat. The company's about page describes its marketplace for personal, auto and home equity loans.