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
- Adjusted 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 — adjusted 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 5.4/10.
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%)
- Sector modifier (Consumer Cyclical): -1.5
- Consecutive earnings misses (3)
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
- $71.39
- Price target
- $79.50
- Stop
- $66.39
- Upside to target
- +11.4%
- Reward-to-risk
- 1.4:1
The stock trades at 20.9× trailing but 10.4× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-07 — 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
- $6.55B
- P/E (fwd)
- 10.4
- P/E (ttm)
- 20.9
- 52-week range
- $44.00–$87.97
- Off 52-week high
- 18.9%
- RSI (14)
- 44
- Volume vs avg
- 0.90×
- Score today
- 5.4/10