Chegg reported second-quarter 2026 Non-GAAP earnings per share of negative $0.02, beating analyst estimates by $0.03. Revenue came in at $51.8 million, a decline of 50.7% year-over-year, but still $2.3 million above consensus. For the third quarter of 2026, the company expects total net revenues between $43 million and $44 million, well below the consensus estimate of $48.28 million. Gross margin is projected to be between 48% and 49%, with adjusted EBITDA in the range of $1 million to $2 million.
Chegg IncQ2 EPS beat but revenue fell 50.7% YoY and Q3 guidance is well below consensus.
