Chegg

Q2 FY2026 EarningsQ2 FY26 results beat consensus across most key metrics despite a significant 51% YoY revenue decline. Revenue of $51.8M slightly exceeded the $49.5M expected, while GAAP gross margin of 55% outperformed the 51.5% mean estimate. Normalized EPS of -$0.02 was significantly better than the -$0.05 consensus, driven by aggressive AI-integrated cost restructuring that nearly halved operating expenses. However, Q3 revenue guidance of $43M-$44M remains soft, reflecting ongoing transitions in the core academic business.