Wayfair $W jumps 18% as Q2 revenue beats at $3.52B

18% was Wayfair $W’s premarket move after the online home retailer reported second-quarter net revenue of $3.52B, up 7.5% year over year and ahead of the $3.47B LSEG estimate cited by CNBC. Wayfair’s investor release also reported adjusted diluted EPS of $0.95, above the $0.89 consensus.

The U.S. business supplied the catalyst. Net revenue in Wayfair’s largest market rose 8.7% to $3.1B, while international net revenue fell 1.3% to $394M. CNBC reported that this was the company’s strongest U.S. growth since 2020, when pandemic demand pulled forward home-goods spending. The company also posted $301M of non-GAAP free cash flow and $360M of operating cash flow.

The profit bridge was mixed but still beat estimates. Wayfair recorded a net loss of $1M, or $0.01 per diluted share, while adjusted EBITDA reached $242M. Active customers were 21.7M, above StreetAccount’s 21.5M estimate cited by CNBC, and orders delivered reached 10.6M versus 10.3M expected. Average order value was the weaker line at $332, below the $337.57 estimate.

The next read-through is whether Wayfair’s U.S. share gains can offset a slow housing market and tariff pressure. The stock move clears the Tier-1 threshold because it pairs an earnings beat with an above-15% single-name reaction.

Not investment advice. Verify all figures with primary sources before acting.