Newegg Commerce (NEGG) H1 2026 earnings summary

Executive summary

• Q2 2026 saw continued supply constraints and industry-wide pricing pressure, impacting top-line performance.

• Early procurement strategies and AI-related product strength helped maintain availability and capture bundling opportunities.

• Business and wholesale demand partially offset softer consumer volume, reflecting channel resilience.

• Brand initiatives included a major presence at COMPUTEX 2026 and the launch of a new AI shopping experience.

Financial highlights

• Net sales decreased 8.1% year-over-year to $320.4 million for Q2 2026.

• GMV declined 3.9% year-over-year to $403.2 million.

• Gross profit fell 1.0% to $39.7 million.

• Net income reached $2.2 million, reversing a $1.7 million net loss in Q2 2025.

• Adjusted EBITDA dropped to $3.7 million from $5.9 million year-over-year.

Outlook and guidance

• Focus remains on defending margins, deepening customer engagement, and navigating supply constraints in the second half of 2026.

• Plans to renew and expand existing credit agreements to support flexibility.