Chewy (CHWY) Q2 2026 Earnings
How Did CHWY Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +2.12%.
Did CHWY Beat Earnings? Q2 2026 Results
No. Chewy reported Q2 2026 earnings of $0.36 a share on Sep 9, 2026, missing the $0.36 consensus estimate by 0.9%. Revenue was $3.3B against a $3.3B estimate.
Chewy posted a mixed fiscal second-quarter 2026 report, nudging past revenue expectations while falling just short on the bottom line, as the online pet retailer's aggressive expansion into healthcare and a $400 million share buyback program reshaped its balance sheet. Net sales rose 7.3% year over year to $3.33 billion, edging above the $3.32 billion consensus, while adjusted diluted EPS of $0.36 came in fractionally below the $0.36 analyst estimate. The key story behind the quarter was Autoship, Chewy's subscription program, which drove $2.82 billion in sales, or 84.6% of total revenue, up from 83.0% a year ago, underscoring the stickiness of its recurring customer base. Active customers grew 3.8% to 21.71 million, and adjusted EBITDA margin expanded 90 basis points to 6.8%, reflecting solid operating leverage. The quarter also included $552.80 million in acquisition spending on SmartPak and Modern Animal, investments that analysts see as central to Chewy's long-term push into pet healthcare. Management raised its full-year revenue and profitability outlook, citing durable subscription momentum and continued customer engagement.
- Autoship customer sales grew 9.3% YoY to $2,817.2 million, representing 84.6% of net sales vs. 83.0% a year ago
- Active customers increased 3.8% YoY to 21.705 million
- Net sales per active customer increased 1.9% to $602
- Adjusted EBITDA margin expanded 90 basis points to 6.8%
- Gross margin held consistent at 30.4%
- Net margin expanded 40 basis points to 2.4%
“Chewy delivered a strong second quarter, with growth of 7.3% to $3.33 billion of net sales at the high end of our guidance, and a 6.8% Adj. EBITDA margin, exceeding our expectations.”
Chewy CEO, on the earnings call
What Is Chewy's Outlook?
Management expressed confidence in raising the full-year revenue and profitability outlook, citing the durability of the recurring revenue base, continued customer growth, and disciplined execution. Specific updated guidance figures were not included in the press release.
CHWY YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $3.3B | $3.1B | +7.3% |
| Gross Profit | $1.0B | $942.2M | +7.3% |
| Operating Income | $92.0M | $69.7M | +32.0% |
| Net Income | $80.5M | $62.0M | +29.8% |
CHWY Revenue by Segment
When Does Chewy Report Next?
Figures from SEC filings and company reports. Not investment advice.