China's ATRenew Q2 revenue rises on higher pre-owned electronics sales
RERE•Third-quarter outlook and drivers
ATRenew expects third-quarter 2026 revenue between RMB 6,340 million and RMB 6,440 million.
The company said revenue growth was mainly due to increased sales of pre-owned consumer electronics through online channels. Service revenue declined because of discretionary discounts on service fees during the extended 618 grand promotion event.
Profit growth was supported by optimizing sales channels, upgrading store capabilities and refined cost management.
Buyback extended after Q2 repurchases
The company said it repurchased 1 million ADSs for $4.2 million in the second quarter and extended its buyback program for 12 months.
Key reported figures and analyst view
| Metric | Actual |
|---|---|
| Q2 Revenue | RMB 6.61 billion |
| Q2 Adjusted EPS | RMB 0.97 |
| Q2 Adjusted Net Income | RMB 157.1 million |
| Q2 Net Income | RMB 129.1 million |
| Q2 Adjusted Income from Operations | RMB 206.3 million |
| Q2 Income from Operations | RMB 178.3 million |
The current average analyst rating on the shares is "buy," with 4 "strong buy" or "buy" recommendations, no "hold" and no "sell" or "strong sell." The average consensus recommendation for the department stores peer group is "buy."
Wall Street's median 12-month price target for ATRenew Inc is $6.61, about 44% above its August 19 closing price of $4.59. The stock recently traded at 8 times the next 12-month earnings versus a P/E of 9 three months ago.
