ATRenew Inc. reported second-quarter 2026 revenue of RMB6,609.3 million (US$974.1 million), up 32.4% from a year earlier and above the RMB6.37 billion analyst estimate. Adjusted earnings per share were RMB0.97 (US$0.14), exceeding the RMB0.89 consensus. Adjusted operating income rose 70.1% to RMB206.3 million, while adjusted net income increased 57.3% to RMB157.1 million. The company transacted 11.6 million consumer products, compared with 10.3 million a year earlier. Product revenue grew 35.9% to RMB6,194.7 million, driven by online sales of pre-owned consumer electronics, while service revenue fell 4.2% to RMB414.6 million because of discretionary merchant discounts during the extended 618 promotion period. ATRenew forecast third-quarter revenue of RMB6,340.0 million to RMB6,440.0 million, representing year-over-year growth of 23.1% to 25.1%; the midpoint was below market expectations. Shares fell 4.77% in premarket trading after the release. The company repurchased approximately 1.0 million ADSs for US$4.2 million during the quarter and had about US$35.2 million remaining under its repurchase program as of June 30, 2026.