Q1 2026 Zepp Health Corp Earnings Call Transcript
Key Points
- Amazfit branded revenue grew 33.8% year over year, showcasing strong performance in a traditionally slow quarter.
- Successful launches of new products like Amazfit Active Max Active 3 Premium and T-Rex Ultra 2 drove revenue growth.
- Partnership with HYROX enhances the brand's position in the hybrid training market, offering exclusive smart wearable categories.
- Average selling price increased by more than 20% year over year, indicating successful premiumization strategy.
- Zepp Health Corp (ZEPP) achieved sequential value share expansion across EMEA, the US, and Asia Pacific.
- Gross margin was impacted by higher memory component costs and unfavorable foreign currency exchange fluctuations.
- Operating loss was $6.3 million, although it narrowed compared to the previous year.
- Adjusted net loss was $17.9 million, representing 34.8% of sales.
- Higher operating costs and unfavorable foreign exchange translation differences affected financial performance.
- R&D and marketing expenses increased due to new product launches and branding activities, impacting cost management.
Hello, ladies and gentlemen. Thank you for standing by for Zepp Health Corporation's first-quarter 2026 earnings Conference Call. (Operator Instructions) Today's conference call is being recorded.
I will now turn the call over to your host, Ms. Grace Zhang, Director of Investor Relations for the company. Please go ahead, Grace.
Hello, everyone, and welcome to Zepp Health Corporation's first quarter 2026 earnings conference call. The company's financial and operating results were issued in our press release at the Newswire services earlier today and are posted online. You can also view the earnings press release and the slides referred to on this call by visiting the IR section of the company's website.
Presenting today are Huang Wang, our Founder and Chief Executive Officer; and Leon Deng, our Chief Financial Officer. Joining us today, we also have Mike Yeung, Chief Operating Officer and General Manager of North America; and Eric Fleming, Vice President of Capital Markets for North America.
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