RLX Technology (RLX) Stock May Be Below Fair Value On Earnings

RLX Technology (RLX) reported Q2 2026 revenue of RMB1.01B (+14.8% YoY), with international sales at 70% of revenue. Gross margin expanded to 35.4% due to supply chain and product mix improvements. The company acquired a 51% stake in a European distributor, aiming to build direct retail relationships. However, China revenue is expected to be flat for the year due to regulatory tightening. RLX is also investing in nicotine pouches and has RMB13.9B in capital resources.

RLX Technology reported Q2 2026 net revenue of RMB 1,010.5 million, up 14.8% YoY, driven by international expansion and a 2025 acquisition. Gross margin expanded to 35.4% from 27.5% YoY. International sales contributed 70% of revenue. Non-GAAP income from operations rose 28.8% YoY to RMB 149.6 million. GAAP net income increased 1.6% YoY to RMB 222.0 million. Management highlighted growth in oral nicotine pouches and a 51% investment in a European distributor.

RLX Technology Inc. (RLX) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 RLX Technology Announces Unaudited Second Quarter 2026 Financial Results SHENZHEN, August 14, 2026 /PRNEWSWIRE/ - RLX Technology Inc. ("RLX Technology" or the "Company") (NYSE: RLX), a leading global branded e-vapor company, today announced its unaudited financial re

RLX Technology (NYSE: RLX) reported unaudited Q2 2026 results for the quarter ended June 30, 2026. Net revenues rose 14.8% to RMB1,010.5 million (US$148.9 million). Gross margin increased to 35.4%. U.S. GAAP net income was RMB222.0 million. In July 2026, RLX acquired a 51% stake in a Western European distributor, consolidated starting Q3 2026.

RLX Technology (NYSE:RLX) reported first-quarter results on May 20 that beat expectations, driven by international expansion. Net revenues rose 96.2% to $229.9 million and gross margin improved to 31.8% from 28.6%. Adjusted net income increased 41.4% to $51.8 million, with adjusted EPS of $0.038. International operations were 72.3% of revenue, led by Europe and Asia.

A Nigerian court approved a settlement in a dispute involving Shell, Aiteo, and lenders over a $2B financing arrangement related to Shell's 2015 sale of Nigerian oil assets. Shell provided $512M in vendor financing to Aiteo, leading to years of litigation. The settlement's terms are not fully disclosed, but it resolves disputes over the financial arrangements.