Etsy (ETSY) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- -$0.36
- Estimate
- $0.73
- Surprise
- -149.1%
- Revenue (period 2026-06-30)
- $668.3M
- Score at report (before → after)
- 4.8 → 4.8/10
Revenue source: xbrl.
How the report landed
Etsy (ETSY) reported a wider loss than forecast — diluted EPS of -$0.36 against the $0.73 estimate (a 149.1% shortfall). TrendMatrix's engine moved from Buy (Wait) (4.8/10) to Sell at 4.8/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates ETSY Sell at 5.3/10.
1 of the last 4 quarters beat the estimate; this quarter's -149.1% surprise compares with a -36.8% four-quarter average. Next scheduled report: 2026-11-04.
What argues against it
- Concentration risk — Geographic: U.S. buyers (74.0%)
- Thin upside margin: 8.1%
- Sector modifier (Consumer Cyclical): -1.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $73.46
- Price target
- $79.44
- Stop
- $68.32
- Upside to target
- +8.1%
- Reward-to-risk
- 1.0:1
The stock trades at 23.6× trailing but 10.7× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 29 — a level conventionally read as oversold.
Model outputs from TrendMatrix’s engine as of 2026-09-17 — shown for context, not personalized investment advice.
ETSY at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Internet Retail
- Market cap
- $6.79B
- P/E (fwd)
- 10.7
- P/E (ttm)
- 23.6
- 52-week range
- $44.00–$87.97
- Off 52-week high
- 16.5%
- RSI (14)
- 29
- Volume vs avg
- 0.85×
- Score today
- 5.3/10