Sea Ltd is expected to report Q2 2026 revenue of $7.34 billion and earnings per share of $0.78, while its current price of $114.91 trades below the average analyst target of $141.97.
The primary focus for investors is Shopee’s Gross Merchandise Volume (GMV), with analysts targeting a Q2 2026 consensus of $37.5 billion to validate management's 25% year-over-year growth outlook.
Sea has aggressively increased sales and marketing expenditures to defend its market share against rivals like TikTok Shop and Lazada in Southeast Asia.
Market participants are closely monitoring these investment levels to see if they can drive sustained growth without falling short of the company’s FY2026 adjusted EBITDA profitability guidance.