RLX Technology Reports Q2 2026 Earnings with Strong International Growth
RLX Technology (RLX) reported second-quarter earnings for fiscal year 2026, showing a revenue increase of 14.8% to RMB 1,010.5 million driven by international expansion and the acquisition completed in May 2025. The company's gross margin expanded significantly from 27.5% to 35.4%, attributed to supply chain optimization and a favorable product mix. International revenue now accounts for approximately 70% of total net revenues, identified as the main growth engine by management. Non-GAAP income from operations rose 28.8% year-over-year to RMB 149.6 million due to top-line growth and cost control measures. However, GAAP net income increased only slightly to RMB 222.0 million compared to Q2 of the previous year. The company also announced a controlling investment in a Western European distributor with access to over 30,000 retail endpoints and digital platform connectivity for 20,000 independent merchants.
Topics: acquisition_impact gross_margin international_growth revenue