RLX Technology posts 14.8% higher Q2 revenue as gross margin widens

RLX Technology reported unaudited second-quarter 2026 results showing net revenue of RMB1,010.5 million (US$148.9 million), up 14.8% from RMB880.0 million a year earlier, as international expansion and contributions from its May 2025 acquisition lifted sales. Gross profit rose 47.8% to RMB357.8 million (US$52.7 million), while gross margin improved to 35.4% from 27.5% on a more favorable revenue mix and supply chain optimization. U.S. GAAP net income increased 1.6% to RMB222.0 million (US$32.7 million), non-GAAP income from operations rose 28.8% to RMB149.6 million (US$22.0 million), and non-GAAP net income fell to RMB238.8 million from RMB291.2 million. International business accounted for 68.5% of period revenue. The company also said it acquired a 51% equity interest and board control in a leading Western European distributor of next-generation smoke-free and FMCG (fast-moving consumer goods) products in July 2026, with the target's results set to be consolidated from the third quarter.

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