Equity Profile

SE

Sea Limited

Consumer DiscretionaryBroadline Retail$52.7B

Aug11Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Sea Limited is a consumer discretionary company focused on broadline retail. With a market cap of $56 billion, it plays a significant role in the retail sector, particularly as consumer spending trends evolve.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales, which is crucial for sustaining its market position.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

SE Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-12.15%

Avg Stock Reaction

+5.64%

Last Quarter Recap

In Q1 2026, Sea Limited reported an EPS of $0.67, slightly below the expected $0.70, resulting in a stock increase of 13.14% the following day. The company has shown mixed performance in previous quarters, with several misses impacting investor sentiment.

Management Promises & Guidance

Focus on improving customer acquisition strategies.
Commitment to enhancing product offerings.
Plans to optimize operational efficiencies.

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, especially after a recent stock increase despite mixed earnings history. The market is looking for signs of growth and improved profitability.

Bull Case

If Sea Limited can exceed EPS expectations and show strong revenue growth, it could signal a turnaround in performance, boosting investor confidence.

Bear Case

Conversely, if the company misses expectations again, it may lead to further declines in stock price and heightened skepticism about its growth strategy.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

EPS is a crucial measure of profitability, and a significant change could impact investor sentiment.

How is Sea Limited planning to improve customer acquisition costs?

Effective customer acquisition strategies are essential for growth, and insights here could indicate future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Sea Limited's ability to improve customer acquisition costs significantly this quarter, which could lead to better-than-expected EPS.

Supporting Evidence

The stock has shown resilience with a 13.14% increase despite recent misses, indicating potential investor confidence.

Options pricing suggests a high expected move, which may reflect underlying volatility not captured in consensus estimates.

Key Risk

If customer acquisition costs decrease significantly, it could lead to a surprising improvement in EPS.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on whether Sea Limited can turn around its recent performance and deliver on profitability expectations.

Bull Confirmed If

An EPS of $0.75 or higher would confirm a strong recovery in profitability.

Bear Confirmed If

An EPS below $0.60 would suggest ongoing challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±17.12%

Historical Avg

±11.8%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±17.1% while SE has averaged ±11.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

54.4%

Calls (431K)P/C Ratio: 0.68Puts (293K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

History suggests that if Sea Limited beats expectations, the stock could rise by an average of 13.64%, confirming a positive turnaround.

In-Line / Cautious

If results are in line with expectations but cautious commentary is provided, the stock may experience a muted reaction.

Miss

If the company misses EPS expectations, history indicates a potential decline of about 2.97%, reflecting ongoing investor concerns.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-NJJosh GottheimerRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on customer acquisition costs and strategies.
2Any commentary on revenue growth and market expansion.
3Insights into product offerings and operational efficiencies.
4Management's outlook on future quarters and market conditions.
5Updates on competitive positioning within the retail sector.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well the company is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales, which is crucial for sustaining its market position.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

SE Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-12.15%

Avg Stock Reaction

+5.64%

Last Quarter Recap

Management Promises & Guidance

Focus on improving customer acquisition strategies.
Commitment to enhancing product offerings.
Plans to optimize operational efficiencies.

Expectations

Wall Street Expectations

Bull Case

If Sea Limited can exceed EPS expectations and show strong revenue growth, it could signal a turnaround in performance, boosting investor confidence.

Bear Case

Conversely, if the company misses expectations again, it may lead to further declines in stock price and heightened skepticism about its growth strategy.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

EPS is a crucial measure of profitability, and a significant change could impact investor sentiment.

How is Sea Limited planning to improve customer acquisition costs?

Effective customer acquisition strategies are essential for growth, and insights here could indicate future performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate Sea Limited's ability to improve customer acquisition costs significantly this quarter, which could lead to better-than-expected EPS.

Supporting Evidence

The stock has shown resilience with a 13.14% increase despite recent misses, indicating potential investor confidence.

Options pricing suggests a high expected move, which may reflect underlying volatility not captured in consensus estimates.

Key Risk

If customer acquisition costs decrease significantly, it could lead to a surprising improvement in EPS.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on whether Sea Limited can turn around its recent performance and deliver on profitability expectations.

Bull Confirmed If

An EPS of $0.75 or higher would confirm a strong recovery in profitability.

Bear Confirmed If

An EPS below $0.60 would suggest ongoing challenges in profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±17.12%

Historical Avg

±11.8%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±17.1% while SE has averaged ±11.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.6%

30d HV

54.4%

Calls (431K)P/C Ratio: 0.68Puts (293K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

History suggests that if Sea Limited beats expectations, the stock could rise by an average of 13.64%, confirming a positive turnaround.

In-Line / Cautious

If results are in line with expectations but cautious commentary is provided, the stock may experience a muted reaction.

Miss

If the company misses EPS expectations, history indicates a potential decline of about 2.97%, reflecting ongoing investor concerns.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-NJJosh GottheimerRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Details on customer acquisition costs and strategies.
2Any commentary on revenue growth and market expansion.
3Insights into product offerings and operational efficiencies.
4Management's outlook on future quarters and market conditions.
5Updates on competitive positioning within the retail sector.