Klarna Beats Q2 Estimates but Cuts Full-Year Outlook and Sees Sharp Share Drop as CEO Buys $10M

Weak German demand plus a roughly $600 million foreign-exchange hit raise doubt about Klarna’s near-term growth prospects.

Overview

Klarna reported second-quarter results on Aug. 18 that beat expectations with $1.04 billion in revenue, a 27% year‑over‑year rise, and earnings of $0.01 per share.
Management trimmed full‑year 2026 revenue and GMV guidance to $4.08–4.16 billion and $149–151 billion, citing weaker volumes in Germany and a roughly $600 million FX headwind.
The guidance cut and announced exits of the CFO and CMO triggered a severe market reaction, producing a more than 30% one‑week slide and leaving the stock down about 51% year‑to‑date.
CEO Sebastian Siemiatkowski bought 692,506 shares for $9.95 million through Flat Capital on Aug. 26, lifting that vehicle’s stake to over 25 million shares or about 6.7% ownership.
Klarna pointed to U.S. strength and margin gains plus an Apple Upgrade program as offsets, and investors are watching the CFO’s Sept. 9 presentation for clearer guidance and execution details.