PDD Holdings Inc. (PDD) earnings on August 25, 2026

Before the market opens Q2 2026

More PDD Holdings Inc. earnings

Prior outlook: Pessimistic

Volatly's outlook before the earnings on August 25, 2026: Pessimistic.

PDD price around the earnings

87.75

Change: +0.3%

2026-08-25, 20:00 UTC

Start of the measured window End of the measured window
85.72 86.56 87.40 88.24 87.46
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 25, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic

Thesis published

Context analyzed before publication

Summary
Cautious outlook, the scenario is pessimistic
Reasoning
Experts see a tough stretch ahead: recent earnings fell short of expectations and the stock has been sliding, even though analysts still rate it a buy and cite room to climb. The cautious mood comes from both the price trend and the crowd's optimism, which seems out of step with the company's recent numbers.
Playbook
The stock has been dropping into the earnings report, and the recent trend is negative despite a bounce in the past month. Analysts' average price target cites a potential rise, but the recent earnings misses and downgrades weigh on the picture.
Trend
Expert confidence declining over recent days

Analysts

Drivers

  • Analysts Positive

    Analysts on average rate the stock a buy, and their price targets cite a potential rise of about 32% from current levels.

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.95
Analysts covering the stock
34
Average price target
116.72
Lowest price target
80.6
Highest price target
171.41
Upside to price target
32.1%
Quarterly earnings growth
-14.9%
Revenue growth
11%
Forward EPS
12.27
Trailing EPS
9.59
Analyst moves in the last 60 days
0
  • Strong buy: 4
  • Buy: 18
  • Hold: 14
  • Sell: 0
  • Strong sell: 1
Strong buy
4
Buy
18
Hold
14
Sell
0
Strong sell
1

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (3)

Technicals

Drivers

  • Technical Neutral

    The stock is near a support level around $87.90, which could provide a temporary floor.

Evidence

Price when the context was analyzed
88.38
Average true range (ATR)
2.7%
Distance to 52-week high
-36.0%
14-day change (14d)
-3.7%
30-day change (30d)
+5.8%
30-day relative strength
+4.6%
QQQ change (30d)
+1.2%
Nearest support
87.9
Distance to nearest support
0.5%
Nearest resistance
88.4
Distance to nearest resistance
0%
Volume accumulation ratio (14d / 46d)
1.05
  • Mid: 87.9 (0.5% away, 0.2 ATR, 12 touches)
  • Mid: 87.48 (1% away, 0.38 ATR, 15 touches)
  • Minor: 87.17 (1.4% away, 0.51 ATR, 8 touches)
  • Mid: 88.4 (0% away, 0.01 ATR, 5 touches)
  • Mid: 88.74 (0.4% away, 0.15 ATR, 8 touches)
  • Minor: 89.38 (1.1% away, 0.43 ATR, 2 touches)

Trends

Evidence

Average earnings surprise
+4.7%
  • May 27, 2026: actual EPS 9.51 vs estimate 16.37 (surprise -41.9%)
  • March 25, 2026: actual EPS 17.69 vs estimate 21.02 (surprise -15.8%)
  • November 18, 2025: actual EPS 21.08 vs estimate 16.57 (surprise +27.2%)
  • August 25, 2025: actual EPS 22.07 vs estimate 14.8 (surprise +49.1%)

Expected move

Drivers

  • Past earnings Negative

    Recent earnings reports missed expectations by a wide margin, which shakes confidence in the company's near-term performance.

There is no implied-move data available for this event.

Reactions over its last 20 earnings

Median move
11.7%
75th percentile move
15.5%
90th percentile move
19.4%
Up / down moves
13 / 7
Average up move
+10.0%
Average down move
-13.2%

Monitoring and close

What PDD Holdings Inc. reported

There is no monitoring data available for this event.

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted