| EBAY |
Report |
Non-GAAP EPS (Q2 2026) |
BEAT |
pred ~$1.57 vs. cons $1.54 |
MEDIUM |
| EBAY |
Report |
Revenue (Q2 2026) |
IN-LINE |
pred ~$3.07B vs. cons $3.08B |
MEDIUM |
| EBAY |
Report |
Total GMV (Q2 2026) |
BEAT |
pred ~$21.9B vs. cons $21.6B |
MEDIUM |
| EBAY |
Guide |
FY2026 GMV growth ex-Depop (FX-neutral) |
UNCHANGED |
guide ~7.0-7.5% vs. cons ~7.2% (FY2026) |
MEDIUM |
| EBAY |
Guide |
FY2026 non-GAAP operating income growth |
UNCHANGED |
guide ~9-11% vs. cons ~9.5% (FY2026) |
MEDIUM |
| EBAY |
Guide |
Q3 2026 revenue guide |
LOWER |
guide ~$3.03-3.08B vs. cons ~$3.10B (Q3 2026) |
LOW |
| EBAY |
Guide |
Depop close timing / EPS dilution framework |
UNCHANGED |
guide ~1.5-2% FY EPS dilution vs. cons ~1.5-2% dilution (H2 2026) |
LOW |
| EBAY |
Return |
Day-1 residual (stock − beta × S&P 500) |
-1.5% |
— |
MEDIUM |
| EBAY |
Return |
5-day cumulative residual |
+1.5% (FADE) |
Consensus (EPS $1.54, revenue $3.08B) now sits above the top of eBay's own Q2 guide ($1.46-1.51 EPS, $2.97-3.03B revenue), raising the bar versus prior quarters when consensus tracked the guide midpoint. This mirrors the Q1 2026 setup, where a genuine beat-and-raise print still produced a flat/slightly negative day-1 reaction (-0.3%) on deceleration optics, which then fully reversed into a +4-5% cumulative gain by day 5 once investors digested resilient US/focus-category/ad trends and no cut to FY GMV/OI guidance. Absent an outright miss or a formal cut to FY targets (unlike the Q3 2025 miss, which saw the initial -16% drop extend to -18.6% by day 5), the same implicit-cut-then-recovery pattern should apply: a soft/in-line headline reaction fades as analysts reconcile the beat against already-elevated numbers and refocus on the imminent Depop close and continued buybacks. |
LOW |