$DDL

Dingdong (Cayman) Limited (NYSE: DDL) reported Q2 2026 financial results, with GMV up 11.8% YoY to RMB7,265.3M (US$1,070.8M) and net income of RMB271.7M (US$40.0M). The company saw its tenth consecutive quarter of profitability. CEO Song Wang attributed growth to increased ordering users and order frequency. The company is in the process of divesting its China business to Meituan, pending regulatory approval.

On Aug. 4, US stocks rallied, with the Dow and S&P 500 reaching record intraday highs and the Nasdaq rising. The Philadelphia Semiconductor Index gained about 5%, led by ARM (+12%) and Marvell (+10%), while Intel jumped over 9%. Optical names also surged. Oil fell after US Treasury Secretary Scott Bessent said a possible Iran deal could open the Strait of Hormuz, while gold and silver rose.

Dingdong (Cayman) Ltd. (NYSE: DDL) recently had all three proposals approved at its 2026 Annual General Meeting. These approvals include the sale of shares to a Meituan subsidiary, the allocation of at least 90% of transaction proceeds for share buybacks or dividends, and general powers for the board to finalize the sale. Chairman Liang Changlin emphasized that the company expects to create more value on Meituan's platform and will distribute 90% of sale proceeds to shareholders.

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 100 points on Wednesday. Shares of FLEX LNG Ltd ( NYSE:FLNG ) fell sharply in pre-market trading following weaker-than-expected quarterly earnings.

Dingdong ( Cayman ) 's DDL short percent of float has risen 3.85% since its last report. The company recently reported that it has 834 thousand shares sold short, which is 0.54% of all regular shares that are available for trading.