RLX Technology (RLX) Q2 FY26 earnings call

RLX Technology delivered solid Q2 FY26 results, propelled by robust international expansion and strategic acquisitions in Europe. The company is actively transforming into a multi-category smoke-free product platform, investing in direct channel control, and optimizing its global operational infrastructure. While sequential moderation occurred due to inventory normalization, underlying demand remains healthy, and the company maintains a strong balance sheet to fund its disciplined growth strategy.