Analysts expect Circle Internet Group to report Q2 2026 revenue of $713 million and EPS of $0.16, as the stock trades at $61.59 against an average price target of $123.00.
Investors are primarily focused on the contraction in USDC circulation, which fell to approximately $73 billion during the quarter.
This decline highlights the company's high sensitivity to reserve income, which remains the dominant profit driver despite efforts to expand transaction-based fee revenue. Recent downgrades from major banks reflect growing anxiety over competition from the newly launched Open USD stablecoin consortium and its impact on Circle's long-term market share.