Affirm Raises Full-Year Growth Forecast Following Q1 Fiscal 2027 Earnings
During its first-quarter fiscal 2027 earnings call, Affirm (AFRM) raised its full-year growth floor to at least 30% following strong transaction activity. The company is leveraging advanced artificial intelligence, specifically a new transformer-based underwriting model, which has doubled underwriting performance and allowed for higher approval rates without increasing credit losses. Management highlighted significant long-term potential, noting that Affirm currently captures less than 4% of domestic e-commerce volume. Looking forward, the company aims to capitalize on 'agentic AI' shopping trends by using its proprietary risk engine to provide real-time, customized pricing for autonomous software agents acting on behalf of consumers.
Tickers: $AFRM
Topics: artificial intelligence earnings report fintech growth guidance underwriting technology