Q2 26 EPS
$0.95
BEAT +2.58%
Est. $0.93
Q2 26 Revenue
$3.52B
BEAT +1.52%
Est. $3.47B
vs S&P Since Q2 26
+17.2%
BEATING MARKET
W +17.2% vs S&P +0.0%
Market Reaction
Did W Beat Earnings? Q2 2026 Results
Wayfair posted a solid second quarter for fiscal 2026, beating Wall Street expectations on both the top and bottom lines as the online home furnishings retailer showed meaningful momentum across its business. The company reported adjusted diluted EPS… Read more Wayfair posted a solid second quarter for fiscal 2026, beating Wall Street expectations on both the top and bottom lines as the online home furnishings retailer showed meaningful momentum across its business. The company reported adjusted diluted EPS of $0.95, clearing the $0.93 consensus estimate by 2.58%, while revenue climbed 7.5% year over year to $3.52 billion, edging past the $3.47 billion analysts had anticipated. The primary engine behind the beat was a resurgent U.S. Segment, which grew 8.7% to $3.13 billion and was complemented by standout performances from specialty retail brands, up nearly 20%, and luxury platform Perigold, which surged more than 35%. Adjusted EBITDA expanded to $242 million from $205 million a year ago, lifting the margin to 6.9%, while free cash flow of $301 million reflected notably stronger operational efficiency. On a GAAP basis, a $59 million loss on debt extinguishment tied to the repurchase of 2028 Notes weighed on net income. CEO Niraj Shah signaled confidence in continued revenue acceleration, pointing to specialty brand momentum and ongoing market share gains as key drivers heading into the second half.
Key Takeaways
- • 7.5% total net revenue growth driven by 6% increase in orders delivered
- • U.S. revenue growth of 8.7%, the best post-COVID period performance
- • Specialty retail brands grew nearly 20% and Perigold grew more than 35%
- • Active customers grew 3.3% to 21.7 million
- • LTM net revenue per active customer increased 4.2% to $596
- • Average order value increased to $332 from $328
- • Mobile orders reached 64.1% of total orders, up from 62.9%
- • Repeat customers placed 80.2% of total orders
W Forward Guidance & Outlook
CEO Niraj Shah expressed expectations for further revenue acceleration driven by numerous initiatives, specialty brand momentum, and continued market share gains. The company highlighted outsized growth from Perigold (35%+) and specialty retail brands (~20%) as complementing ramping growth in the core Wayfair business.
W YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
W Revenue by Segment
With YoY comparisons, source: SEC Filings
W Revenue by Geography
With YoY comparisons, source: SEC Filings
“Q2 marked another strong quarter of share capture and top line momentum, with 7.5% net revenue growth fueled by momentum in orders, which were up by 6% for the period. We saw the best sequential growth we've seen in a Q2 since the second quarter of 2020. In fact, revenue growth in the US was the best we've seen in the entire post-COVID period, with nearly 9% year-over-year revenue growth, continuing the high single digit share spread we've held since last fall.”
— Niraj Shah, Q2 2026 Earnings Press Release
W Earnings Trends
W vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
W EPS Trend
Earnings per share: estimate vs actual
W Revenue Trend
Quarterly revenue: estimate vs actual
W Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.93 | $0.95 | +2.58% | $3.52B | +1.52% |
| Q1 26 MISS | $0.28 | $0.26 | -6.81% | $2.93B | +1.47% |
| Q4 25 BEAT FY | $0.69 | $0.85 | +23.89% | $3.34B | +1.17% |
| FY Full Year | $2.34 | $2.60 | +11.09% | $12.46B | +0.32% |
| Q3 25 BEAT | $0.44 | $0.70 | +59.31% | $3.12B | +3.46% |
| Q2 25 BEAT | $0.33 | $0.87 | +167.28% | $3.27B | +4.79% |
| Q1 25 BEAT | $-0.20 | $0.10 | +150.86% | $2.73B | +0.82% |