Sunlands Q2 Revenue Falls 25%, Guides Q3 Down 33-37%
STG sits 28% above its 52-week low of $2.435.
Summary
Sunlands Q2 revenue fell 25% to RMB406.4 million, and Q3 guidance points to a further 33-37% decline. The company remains profitable and is executing its share buyback.
Key Events · Earnings and Guidance · STG
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Q2 Revenue Declines 25%
Net revenues fell 24.6% to RMB406.4 million (US$59.9 million) from RMB539.0 million a year ago, driven by a sharp drop in new student enrollments to 95,280 from 159,154.
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Q3 Guidance Implies Further Decline
Company expects Q3 net revenues of RMB330-350 million, a 33.1-36.9% year-over-year decrease, indicating continued weakness in demand.
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Profitability Maintained
Net income was RMB83.5 million (US$12.3 million) with a 20.5% net margin, marking the 21st consecutive profitable quarter despite revenue contraction.
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Share Repurchase Update
As of August 17, 2026, the company had repurchased 680,353 ADSs for approximately US$2.3 million under its $50 million buyback program authorized in May 2026.
Analysis · STG · Trade & Services
Sunlands reported Q2 revenue of RMB406.4 million, down 24.6% year-over-year, with net income of RMB83.5 million. The company guided Q3 revenue to RMB330-350 million, implying a 33-37% decline, signaling continued contraction in new student enrollments. The company also disclosed it has repurchased 680,353 ADSs for $2.3 million under its $50 million buyback program.
How filings like this one have moved
In the 30 days to Aug 22, 2026, 29.1% of the 2960 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, STG was trading at $3.12 on NYSE in the Trade & Services sector, with a market capitalization of approximately $41.8M. The 52-week trading range was $2.44 to $11.53. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.