Affirm Holdings, Inc. (AFRM) shares slipped in premarket trading Friday despite delivering solid second-quarter fiscal 2026 results the day before. But the company had some better news to share: a fresh partnership with Virgin Media O2 that brings transparent device financing to UK customers.

How the Partnership Works

Here's the setup: Virgin Media O2 customers—both new and existing—can now use Affirm to finance their hardware purchases with flexible monthly payment plans. We're talking mobile phones, sure, but also headphones, gaming consoles, and other devices you might want but don't necessarily want to pay for all at once.

The move lets Virgin Media O2 push deeper into the SIM-free market, adding another layer to its existing Pay Monthly Handset Bundles and SIM Only offerings. It's about giving customers more ways to pay for the gear they want.

Chris Bournes, Commercial Director at Virgin Media O2, put it plainly: "Providing our customers with choice and flexibility is at the core of Virgin Media O2's offering. We want to help our customers access the devices they want with an affordable, clear, and convenient payment option that truly works for them."

He added, "Through our partnership with Affirm, we'll do just that—empowering our customers by giving them even more choice to pay for their handset via a flexible service they can trust, with no hidden costs or late fees."

The Earnings Picture

As for Affirm's quarterly numbers, the company posted earnings of 37 cents per share, topping the consensus estimate of 30 cents. Revenue hit $1.12 billion, comfortably ahead of the Street's $1.06 billion expectation.

Looking forward, Affirm guided for third-quarter revenue between $970 million and $1 billion (the consensus was $979.57 million), fourth-quarter revenue of $1.060 billion to $1.090 billion (versus $1.088 billion expected), and raised its full fiscal year 2026 revenue guidance to a range of $4.09 billion to $4.15 billion.

Price Action: AFRM shares were down 3.05% at $57.61 in premarket trading Friday.