Wayfair reported second-quarter 2026 results with net revenue of $3.52 billion and a GAAP net loss of $1 million, while Non-GAAP Adjusted Diluted Earnings per Share came in at $0.95. Gross profit was $1,054 million (30.0% of revenue) and Non-GAAP Adjusted EBITDA totaled $242 million. The company generated $360 million of operating cash and $301 million of Non-GAAP Free Cash Flow in the quarter.

Financial Highlights

  • Net revenue: $3,519 million for Q2 2026, up $246 million or 7.5% year over year.
  • Gross profit: $1,054 million, representing a 30.0% gross margin for the quarter.
  • Income (loss) from operations: $104 million for the quarter.
  • Net (loss) income: $(1) million for Q2 2026; Diluted loss per share: $(0.01).
  • Non-GAAP metrics: Adjusted Diluted EPS $0.95; Adjusted EBITDA $242 million; Non-GAAP Free Cash Flow $301 million.

Business Highlights

  • Customer base: Active customers totaled 21.7 million as of June 30, 2026, a 3.3% increase year over year.
  • Order activity: Orders delivered were 10.6 million in Q2, up 6.0% year over year; orders per customer (LTM) were 1.89.
  • Revenue mix: U.S. net revenue was $3,125 million (up 8.7% year over year); International net revenue was $394 million (down 1.3% year over year).
  • Brand performance: Specialty retail brands grew nearly 20% in the quarter and Perigold grew over 35%; mobile ordering accounted for 64.1% of total orders delivered.
  • Operational cash and liquidity: Net cash provided by operating activities was $360 million for the quarter and total liquidity (cash, cash equivalents and short-term investments plus available credit) was $1.6 billion.

Original SEC Filing:

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