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Q2 26 EPS
$0.33
MISS 0.48%
Est. $0.33
Q2 26 Revenue
$3.10B
BEAT +0.79%
Est. $3.08B
vs S&P Since Q2 26
-59.2%
TRAILING MARKET
CHWY -44.7% vs S&P +14.5%
Market Reaction
Did CHWY Beat Earnings? Q2 2026 Results
Chewy posted a mixed but broadly encouraging fiscal Q2 2026 report, delivering a revenue beat while falling just short on earnings. Net sales reached $3.10 billion, up 8.6% year over year and ahead of the $3.08 billion consensus, yet adjusted diluted… Read more Chewy posted a mixed but broadly encouraging fiscal Q2 2026 report, delivering a revenue beat while falling just short on earnings. Net sales reached $3.10 billion, up 8.6% year over year and ahead of the $3.08 billion consensus, yet adjusted diluted EPS of $0.33 came in fractionally below the $0.33 estimate, a 0.48% miss. The clearest engine behind the top-line strength was Autoship, with subscription-like customer sales climbing to $2.58 billion and representing 83.0% of total net sales, a meaningful step up from 78.4% a year ago. That recurring revenue base helped lift gross margin 90 basis points to 30.4% and pushed adjusted EBITDA 26.5% higher to $183.30 million. Active customers grew 4.5% to nearly 20.91 million, while net sales per active customer rose 4.6% to $591, signaling that Chewy is deepening wallet share alongside its expanding user base. CEO Sumit Singh noted that net sales exceeded guidance, reinforcing confidence in the company's sustained growth trajectory.
Key Takeaways
- • Autoship customer sales grew 14.9% YoY, representing 83.0% of total net sales
- • Active customers grew 4.5% YoY to 20.906 million
- • Net sales per active customer (NSPAC) grew 4.6% YoY to $591
- • Gross margin expanded 90 basis points to 30.4%
- • Adjusted EBITDA margin expanded 80 basis points to 5.9%
- • Net sales exceeded the high end of guidance range
CHWY YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
CHWY Revenue by Segment
With YoY comparisons, source: SEC Filings
“Q2 net sales exceeded the high end of our guidance range, growing nearly 9% year over year to $3.1 billion, with Autoship customer net sales increasing by 15% and representing 83% of total net sales for the quarter.”
— Sumit Singh, Q2 2026 Earnings Press Release
CHWY Earnings Trends
CHWY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CHWY EPS Trend
Earnings per share: estimate vs actual
CHWY Revenue Trend
Quarterly revenue: estimate vs actual
CHWY Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.43 | $0.43 | +0.89% | $3.36B | +0.21% |
| Q4 26 MISS FY | $0.28 | $0.27 | -3.09% | $3.26B | +0.01% |
| FY Full Year | $1.28 | $1.27 | -0.61% | $12.60B | -0.01% |
| Q3 26 BEAT | $0.30 | $0.32 | +5.40% | $3.12B | +0.66% |
| Q2 26 MISS | $0.33 | $0.33 | -0.48% | $3.10B | +0.79% |
| Q1 26 BEAT | $0.34 | $0.35 | +3.15% | $3.12B | +1.15% |
| Q4 25 BEAT FY | $0.20 | $0.28 | +36.65% | $3.25B | +1.59% |
| FY Full Year | $1.19 | $1.04 | -12.60% | $11.86B | +0.42% |