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Chegg CHGG Q2 2026 earnings

Reported August 6, 2026 · Before market open

Revenue$51.8MBeat by $2.3M
EPS-$0.02Beat by $0.03
Revenue estimate$49.5M
EPS estimate-$0.05
“In Q2 we outperformed our expectations on revenue, adjusted EBITDA, and cash, reflecting our ability to execute against our priorities while investing for future growth. Our long-term goal remains the same: return Chegg to growth with high margins and strong free cash flow.”
Dan Rosensweig

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$43.5M
EPS estimate-$0.07

Financials

Q2 2026

Income statement

See full
Revenue$51.8M-50.7%
Gross profit$28.3M-59.4%
Operating income-$3.2M+91.3%
Net income-$3.0M+91.7%
EPS (diluted)-$0.03+90.9%

Balance sheet

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Cash & equivalents$46.3M+16.9%
Total debt$16.9M-24.4%
Total equity$118.6M-24.9%
Total assets$227.6M-43.7%

Cash flow

See full
Operating cash flow$10.1M—
CapEx$3.7M-49.4%
Free cash flow$6.4M—

Valuation & ratios

Valuation

as of 09/16/26
See full
Market cap$82.43M-49.3%
Enterprise value$53.05M-63.5%
P/S0.3×0.0×

Profitability

See full
Gross margin58%-6.8pp
Operating margin-20.9%-8.4pp
Net margin-20%-7.7pp

Returns & leverage

See full
Return on equity-38.3%-14.8pp
Debt / equity0.1×0.0×
Current ratio1.2×+0.3×

Segments

By product

See full
Academic Services$34.3M—
Chegg Skilling$17.5M—

By segment

See full
Reportable Segment$51.8M-50.7%

FAQ

When did Chegg report Q2 2026 earnings?
Chegg (CHGG) reported Q2 2026 earnings on August 6, 2026 before market open.
What were Chegg's Q2 2026 revenue and EPS?
Chegg reported revenue of $51.8M and eps of $-0.02 for Q2 2026.
Did Chegg beat estimates in Q2 2026?
Revenue beat the consensus estimate of $49.5M by $2.3M. EPS beat the consensus estimate of $-0.05 by $0.03.
How did Chegg's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 50.7% from $105.1M a year earlier.
Where can I find Chegg's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001364954-26-000085) and the 10-Q periodic report (0001364954-26-000088) directly on SEC EDGAR. The filing index links above go to sec.gov.