The widening losses and weak Q3 guidance suggest the growth story is stalling. Traders should watch Q3 2026 results for revenue and margin trends, and monitor whether supply constraints ease as expected. The exhausted buyback program removes a support mechanism.
Price Chart
Executive Summary
Zepp Health reported Q2 2026 revenue of $63.5M (+6.9% YoY) but net loss widened to $11.3M from $7.7M, and operating loss doubled to $12.3M. Q3 guidance of $68-73M implies a YoY revenue decline from $75.8M, signaling slowing momentum and deteriorating profitability.
Key Facts
- Q2 2026 revenue $63.5M, +6.9% YoY
- Gross margin 37.4%, up 1.2pp YoY
- Net loss $11.3M vs $7.7M in Q2 2025
- Operating loss $12.3M vs $6.1M in Q2 2025
- Cash and equivalents $106.3M as of June 30, 2026
- Q3 2026 guidance: revenue $68-73M vs $75.8M in Q3 2025 (YoY decline)
- Director Alain Lam resigned effective Sept 1, 2026
- Share repurchase program has $2.4M remaining through Nov 2026
Financial Impact
Net loss widened by $3.6M YoY; operating loss doubled; Q3 guidance midpoint $70.5M implies ~7% YoY revenue decline
Risk Factors
- Continued net losses and negative operating cash flow
- Q3 guidance implies YoY revenue decline, signaling demand or supply issues
- Foreign exchange headwinds and rising memory costs pressuring margins
- Director resignation from Xiaomi may signal reduced strategic alignment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-104424 |
| Document: tm2624658d1_6k.htm | 0001104659-26-104424 |
| Document: 0001104659-26-104424-index-headers.html | 0001104659-26-104424 |
| Document: 0001104659-26-104424-index.html | 0001104659-26-104424 |
| Document: 0001104659-26-104424.txt | 0001104659-26-104424 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 7w ago | 6-K | $4.86 $4.51 | ▲ +7.20% | ▲ +8.25% | $2.47 (+49.07%) |
Sep 1, 2026 7w ago | Press Release | $4.86 $4.51 | ▲ +7.20% | ▲ +8.25% | $2.47 (+49.07%) |
Jun 11, 2026 19w ago | Institutional Cluster | $4.85 $4.69 | ▼ −3.30% | ▼ −3.84% | $2.47 (−48.97%) |
Jun 9, 2026 20w ago | 6-K | $4.41 $3.99 | ▲ +9.52% | ▲ +7.95% | $2.47 (+43.88%) |
Apr 24, 2026 26w ago | 20-F | $16.76 $16.89 | ▲ +0.78% | ▲ +0.61% | $2.47 (−85.23%) |
US Market Status
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