NYSE$RLX
RLX Technology Inc-ADR · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
RLX Technology Inc-ADR reported unaudited Q2 2026 financial results on August 14, 2026, with net revenues of RMB 1.01 billion.
RLX Technology delivered solid second-quarter results driven by international expansion, with net revenues rising 14.8% year-over-year to RMB 1,010.5 million. Gross margin expanded significantly to 35.4% due to favorable product mix and supply chain optimizations, while GAAP net income increased modestly to RMB 222.0 million. The company maintained a strong balance sheet with over RMB 13.88 billion in capital resources and announced a strategic acquisition in Western Europe to bolster its smoke-free product distribution.
- Net revenues grew 14.8% YoY to RMB 1,010.5 million, with international business contributing 68.5%.
- Gross profit surged 47.8% to RMB 357.8 million as gross margin improved to 35.4% from 27.5%.
- GAAP operating income rose 234.7% to RMB 130.4 million; non-GAAP operating income up 28.8% to RMB 149.6 million.
- GAAP net income edged up 1.6% to RMB 222.0 million; non-GAAP net income was RMB 238.8 million.
Headline financials
Revenue & EPS history
RLX · Revenue · Quarterly
¥150M
Forward guidance
The company emphasized disciplined capital allocation, strategic M&A, and expansion into multi-category smoke-free products, with no specific numerical guidance provided for future quarters.
Tailwinds
- Strong balance sheet supports growth investments and shareholder returns.
- Strategic European acquisition to enhance distribution and synergies starting Q3.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+1.5%
Avg return
Earnings day
+2.8%
Avg return
5 days after
+3.7%
Avg return
30 days after
54%
13 / 24 earnings
Positive
+23.3%
Q4 2022
Best reaction
-47.9%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -0.9% | -1.9% | -12.7% | |
| Q4 2025 | +0.4% | +1.3% | -7.9% | |
| Q3 2025 | +10.4% | +7.3% | +1.3% | |
| Q2 2025 | +6.8% | +7.1% | +12.9% | |
| Q1 2025 | +2.1% | +2.6% | +10.3% | |
| Q4 2024 | -3.8% | -14.0% | -27.7% | |
| Q3 2024 | +11.7% | +11.7% | +22.7% | |
| Q2 2024 | +3.7% | +10.5% | +1.9% | |
| Q1 2024 | -7.4% | -7.9% | -15.3% | |
| Q4 2023 | -0.5% | +8.2% | -9.7% | |
| Q3 2023 | +16.5% | +22.0% | +32.3% | |
| Q2 2023 | +4.9% | +2.1% | +5.6% | |
| Q1 2023 | -0.4% | -3.8% | -17.4% | |
| Q4 2022 | +23.3% | +19.2% | +31.5% | |
| Q3 2022 | +8.1% | +10.0% | +56.9% | |
| Q2 2022 | -5.7% | -14.6% | -17.9% | |
| Q1 2022 | -5.6% | -9.6% | +17.2% | |
| Q4 2021 | -47.9% | -10.3% | -20.1% | |
| Q3 2021 | -17.4% | +7.4% | -12.0% | |
| Q2 2021 | -9.7% | +3.1% | +13.9% | |
| Q1 2021 | -8.3% | -24.1% | -28.9% | |
| Q4 2019 | +19.3% | +14.4% | +10.5% | |
| Q4 2018 | +19.3% | +14.4% | +10.5% | |
| Q4 2020 | +16.2% | +12.9% | +32.0% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — |
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