RLX Q2 Revenue Jumps 14.8% on International Push, Gross Margin Hits 35.4%
RLX is trading near its 52-week low of $1.76 (6.3% above the low).
Summary
RLX Technology reported Q2 revenue of RMB 1.01 billion, up 14.8% year-over-year, driven by international expansion and contributions from its May 2025 acquisition. Gross margin improved sharply to 35.4% from 27.5% a year ago, reflecting a favorable revenue mix and supply chain optimization. The company also acquired a 51% stake in a leading Western European distributor in July 2026, strengthening its regional footprint. No specific financial outlook was provided. This follows a strong Q1 where revenue surged 96.2% year-over-year, indicating continued momentum in overseas markets. The stock trades at 13 times forward earnings, below its 15x multiple three months ago, with a median analyst price target of $2.98, about 48.8% above the August 13 close.
At the time of this announcement, RLX was trading at $1.87 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $1.76 to $2.84. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.