Temu’s Parent PDD Stock Slips as Profit Drops 12% Despite Earnings Beat
TLDR
- PDD Holdings reported Q2 net profit of RMB27.18 billion ($4.04 billion), down 12% year-over-year but ahead of analyst expectations of RMB24.40 billion.
- Revenue came in at RMB112.4 billion ($16.6 billion), up 8% year-over-year but slightly below the RMB113.9 billion estimate.
- Adjusted EPS of RMB19.33 beat the consensus of RMB18.35.
- Temu was fined over $230 million by the EU over risks of illegal items on its platform.
- PDD’s ADRs remain more than 20% lower in 2026, with Deutsche Bank citing lack of shareholder returns and disclosure concerns.
PDD Holdings reported Q2 2026 earnings on Monday, posting a net profit drop of 12% year-over-year while still managing to clear a relatively low bar set by analysts. The stock has been under pressure all year, sitting more than 20% below its 2026 starting price.
Net profit came in at RMB27.18 billion ($4.04 billion), beating the analyst consensus of RMB24.40 billion. Revenue reached RMB112.4 billion ($16.6 billion), an 8% increase from the same period last year but slightly short of the RMB113.9 billion estimate.
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