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Did Pinduoduo Beat Earnings?
Pinduoduo (PDD) reported Q2 '26 revenue of $0, down 100.0% year-over-year, with reported EPS of $19.33. That topped the $2.69 analyst estimate by 618.6% — an earnings beat.
AltIndex tracks earnings alongside 25+ alternative data signals that can move ahead of the report — Pinduoduo’s job postings, web traffic, and employee business outlook. See the full PDD stock analysis or the earnings calendar for upcoming reports.
PDD Earnings Surprise History (EPS vs. Estimate)
| Quarter | Estimated EPS | Reported EPS | Surprise |
|---|---|---|---|
| Q2 '26 | $2.69 | $19.33 | Beat +618.6% |
| Q1 '26 | $16.37 | $9.51 | Missed -41.9% |
| Q4 '25 | $20.71 | $17.69 | Missed -14.6% |
| Q3 '25 | $16.57 | $21.08 | Beat +27.2% |
| Q2 '25 | $14.80 | $22.07 | Beat +49.1% |
| Q1 '25 | $18.96 | $11.41 | Missed -39.8% |
Pinduoduo Quarterly Financial Trends
| Metric | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 99.4B | 111B | 95.7B | 104B | 108B | 122B | 106B | — |
| Gross margin | 60.0% | 56.8% | 57.2% | 55.9% | 56.7% | 55.5% | 55.9% | — |
| Operating margin | 24.5% | 23.1% | 16.8% | 24.8% | 23.1% | 22.4% | 19.9% | — |
| Net income | 25B | 27.4B | 14.7B | 30.8B | 29.3B | 24.2B | 12.5B | — |
| Net margin | 25.1% | 24.8% | 15.4% | 29.6% | 27.1% | 19.8% | 11.8% | — |
| EPS | $18.59 | $20.15 | $11.41 | $22.07 | $21.08 | $17.69 | $9.51 | $19.33 |
Pinduoduo Earnings Trend Analysis
Over the eight quarters from Q3 '24 to Q2 '26, Pinduoduo’s quarterly revenue moved from $99.4B to $0. Pinduoduo has beaten Wall Street EPS estimates in 4 of its last 8 reported quarters.
When Is Pinduoduo’s Next Earnings Date?
Pinduoduo reports earnings on a quarterly schedule. Its most recent report covered Q2 '26. For the confirmed upcoming date — and every other company reporting soon — see the PDD earnings calendar.
Frequently Asked Questions: Pinduoduo Earnings
Pinduoduo's next earnings date has not been confirmed yet. See the earnings calendar for all upcoming reports.
Pinduoduo reported Q2 '26 EPS of $19.33 on revenue of $0 (-100.0% YoY). Pinduoduo beat estimates, reporting $19.33 vs. the $2.69 estimate.
Pinduoduo reported Q2 '26 revenue of $0, down 100.0% from the same quarter a year earlier.
Signals like job postings, web traffic, and employee sentiment reflect business activity in real time and can move before quarterly results are reported. AltIndex combines them with 25+ others in the PDD AI Score.
