Coupang

Q2 FY2026 EarningsQ2 FY26 missed consensus expectations across most key financial metrics, primarily due to the impact of a significant data incident and resulting administrative fines. Revenue of $8.86B was slightly below the $8.92B expected, while the GAAP gross margin of 28.16% fell short of the 28.42% consensus. Most notably, a $410M regulatory fine led to a sharp GAAP EPS miss of -$0.32 vs. -$0.27 expected. While Product Commerce growth slowed, Developing Offerings surged 20% YoY, though overall margins remain under pressure from increased supply chain costs and recovery-related discounts.