---
title: "Chegg | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 51.85 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295105808.md"
datetime: "2026-08-06T12:10:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295105808.md)
  - [en](https://longbridge.com/en/news/295105808.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295105808.md)
---

# Chegg | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 51.85 M

Revenue: As of FY2026 Q2, the actual value is USD 51.85 M, beating the estimate of USD 49.5 M.

EPS: As of FY2026 Q2, the actual value is USD -0.03.

EBIT: As of FY2026 Q2, the actual value is USD -2.537 M.

### Second Quarter 2026 Financial Highlights

Chegg, Inc. reported total net revenues of $51.8 million for the second quarter of 2026, representing a 51% decrease year-over-year. Chegg Skilling revenues increased by 2% year-over-year to $17.5 million. The company’s gross margin stood at 55%, with a non-GAAP gross margin of 57%. Chegg, Inc. recorded a net loss of - $3.0 million and a non-GAAP net loss of - $2.5 million. Adjusted EBITDA for the quarter was $9.1 million. Non-GAAP operating expenses were $32.3 million, nearly halving compared to the second quarter of the previous year. Capital expenditures (CapEx) for the quarter were $3.7 million, a 49% decrease year-over-year, with a target of a 60% reduction for the full year 2026. Free cash flow was $6.4 million, which included approximately $1.5 million in severance payments.

### Balance Sheet and Year-to-Date Performance

As of the end of the second quarter, Chegg, Inc. held $72.3 million in cash and investments, with a net cash position of $38.5 million. For the first half of 2026, the company generated $9.5 million in free cash flow, despite $14.4 million in severance payments. Net cash provided by operating activities for the six months ended June 30, 2026, was $14,161 thousand, resulting in free cash flow of $9,461 thousand. During the second quarter, Chegg, Inc. repurchased $1.7 million of its common stock, with $120.7 million remaining on its securities repurchase authorization. The company expects to fully repay its convertible debt in the third quarter of 2026.

### Business Outlook (Third Quarter 2026)

For the third quarter of 2026, Chegg, Inc. anticipates total net revenues to be in the range of $43 million to $44 million. The gross margin is projected to be between 48% and 49%, with adjusted EBITDA expected to range from $1 million to $2 million.

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- [CHGG.US](https://longbridge.com/en/quote/CHGG.US.md)

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