Wayfair Inc. (W) · Nov 4, 2026 · Earnings

Wayfair earnings beat as U.S. growth hits double digits

Beat — Adjusted diluted EPS $0.93 vs ~$0.81 consensus; revenue $3.42B vs ~$3.36B

Wayfair’s Q3 earnings beat consensus on revenue and adjusted EPS, with U.S. share gains and stronger cash generation offset by international losses.

Wayfair is in a U.S.-focused growth and profitability push, trying to take share in home furnishings while its international business remains challenged. Its prior quarter showed 7.5% revenue growth and 8.7% U.S. growth, so the direction was already improving; Q3 tests whether that momentum is broadening.

The core U.S. growth story strengthened meaningfully. Revenue rose 9.7% year over year to $3.42 billion, above the published consensus of roughly $3.36 billion, while U.S. revenue grew about 11.4% to $3.04 billion. Orders increased 12% and active customers rose about 4.7%, which is better evidence of demand expansion than revenue alone. The company says, “That growth was driven by orders, which were up 12% year-over-year, and active customers up more than 4%.” 〔0〕

	Q3 2026	Q3 2025	Consensus
Net revenue (Financial Highlights)	$3,420M (+9.7%)	$3,117M	~$3,360M
Adjusted diluted EPS (Financial Highlights)	$0.93	$0.70	~$0.81
Adjusted EBITDA (Financial Highlights)	$236M (+13.5%)	$208M
Adjusted EBITDA margin (Adjusted EBITDA reconciliation)	6.9%	6.7%
Free cash flow (Financial Highlights)	$136M (+46.2%)	$93M

Growth is converting into better operating leverage. Adjusted EBITDA rose 13.5% and margin expanded to 6.9%, while contribution margin improved to 16.1% from 15.8%. GAAP operating income reached $106 million versus $38 million a year earlier, and net income swung to $62 million from a $99 million loss. The company described this as its strongest post-pandemic growth quarter, and the numbers support that framing. 〔1〕

The improvement is still heavily U.S.-dependent. U.S. adjusted EBITDA increased to $261 million from $209 million, but international adjusted EBITDA deteriorated to a $25 million loss from a $1 million loss, while international revenue declined to $380 million from $389 million. That means the earnings beat is not a broad-based global recovery; it is primarily a stronger U.S. execution story. 〔2〕

Cash generation improved, but the balance sheet remains a constraint. Nine-month operating cash flow increased to $506 million from $332 million and free cash flow reached $331 million from $184 million. However, cash and cash equivalents fell to $1.04 billion from $1.48 billion at year-end after debt repayment, share repurchases and other financing outflows, while the company still carried $2.57 billion of long-term debt. The business is funding itself better, but the capital structure is not yet clean enough to make the turnaround risk-free.

Bottom line: This was a real execution beat that strengthens Wayfair’s U.S. share-gain and profitability story. It matters because demand growth and margins both exceeded expectations, though the improvement remains concentrated in the U.S. and international losses continue to weigh on the broader turnaround.

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

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Wayfair earnings beat as U.S. growth hits double digits

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