Loss matches estimates. Stitch Fix, Inc (NASDAQ: SFIX) reported a loss of $0.02 per share for Q2 fiscal 2026, matching the consensus estimate of $0.02. Revenue of $341.3 million came in flat against the Street’s expectations. The apparel retail platform posted a net loss of $2.7 million on gross profit of $148.9 million, translating to a 44.1% gross margin. Operating loss totaled $4.7 million, though adjusted EBITDA reached $11.5 million, signaling improved operational efficiency beneath the GAAP surface. Year-over-year, the loss per share narrowed 64.2% from the $0.06 loss reported in Q2 2025, while revenue climbed 3.8% from $325.0 million.
Six-quarter improvement streak. The Q2 result extends a remarkable trajectory of narrowing losses and consistent revenue stabilization. EPS has improved from a $0.12 loss in Q4 2025 to $0.06 in Q3 2025, then held steady at $0.02 for the past three consecutive quarters. Revenue has oscillated in a tight $311 million to $342 million band over the past six quarters, with Q2’s $337.5 million landing near the midpoint of that range. The company has now beaten or matched analyst estimates in six straight quarters, a streak that began in Q1 2025 when it surprised by 54.2%. Sequential revenue declined 1.1% from Q1’s $341.3 million, reflecting typical seasonal patterns in the apparel retail calendar. The year-over-year revenue gain of 3.8% marks the first positive comparison in recent quarters, suggesting the business has stabilized after a prolonged period of customer attrition.
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