SEA (NYSE:SE) Releases Earnings Results, Misses Expectations By $0.16 EPS

Posted by Lauren Steadman on Aug 12th, 2026

SEA (NYSE:SE – Get Free Report) posted its earnings results on Tuesday. The Internet company based in Singapore reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.16), Briefing.com reports. SEA had a net margin of 6.41% and a return on equity of 14.12%. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue was up 48.3% on a year-over-year basis.

Here are the key takeaways from SEA’s conference call:

Sea reported strong second-quarter growth, with revenue up 48% year over year to $7.8 billion and adjusted EBITDA up 11% to $917 million; net income rose 11% to $458 million despite a substantially higher tax expense.
Shopee’s GMV increased 28% to $38.3 billion, while new active buyers, engagement, advertising, VIP membership, and content-driven orders all accelerated. Management maintained its approximately 25% full-year GMV growth outlook and expects Shopee to exceed $1 billion in adjusted EBITDA in 2026.
Monee continued rapid expansion, with its loan book up 62% to $11.1 billion, revenue up 59%, and adjusted EBITDA reaching $288 million; active credit users surpassed 40 million while the 90-day NPL ratio remained stable at 1.0%.
Garena bookings grew 15% and adjusted EBITDA rose 17%, supported by Free Fire’s more than 100 million average daily active users. New titles Palworld Online and Monster Hunter Outlanders are expected to broaden the gaming portfolio, with Monster Hunter Outlanders targeted for launch this year in selected markets.
Monee’s higher loan growth is also producing increased credit-loss provisions, primarily due to the growing mix of off-Shopee lending and Brazil, which management describes as a higher-interest, higher-risk market. Shopee also flagged potential foreign-exchange headwinds and continued investment needs in fulfillment and logistics, even as unit economics improve.

SEA Price Performance

NYSE:SE traded down $3.97 during mid-day trading on Wednesday, reaching $127.54. The stock had a trading volume of 1,368,005 shares, compared to its average volume of 4,975,120. SEA has a 12 month low of $77.05 and a 12 month high of $199.30. The stock has a market capitalization of $77.93 billion, a PE ratio of 50.13, a P/E/G ratio of 1.11 and a beta of 1.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.58 and a quick ratio of 1.56. The stock has a 50-day simple moving average of $100.43 and a two-hundred day simple moving average of $96.70.

Insiders Place Their Bets

In other news, COO Gang Ye sold 20,000 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $114.59, for a total transaction of $2,291,800.00. Following the completion of the transaction, the chief operating officer owned 460,000 shares of the company’s stock, valued at approximately $52,711,400. The trade was a 4.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yanjun Wang sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $114.58, for a total value of $171,870.00. Following the completion of the sale, the insider directly owned 10,000 shares in the company, valued at $1,145,800. This trade represents a 13.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 529,500 shares of company stock worth $53,180,480. Company insiders own 0.22% of the company’s stock.

Institutional Trading of SEA

A number of hedge funds have recently added to or reduced their stakes in SE. Woodline Partners LP bought a new stake in SEA during the 1st quarter worth $4,028,000. BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of SEA by 248.7% during the second quarter. BI Asset Management Fondsmaeglerselskab A S now owns 39,192 shares of the Internet company based in Singapore’s stock valued at $6,268,000 after purchasing an additional 27,953 shares in the last quarter. Captrust Financial Advisors raised its holdings in SEA by 4.2% in the 2nd quarter. Captrust Financial Advisors now owns 27,188 shares of the Internet company based in Singapore’s stock valued at $4,348,000 after buying an additional 1,084 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in SEA by 5.4% during the 2nd quarter. State of Tennessee Department of Treasury now owns 543,203 shares of the Internet company based in Singapore’s stock worth $86,880,000 after acquiring an additional 27,964 shares during the last quarter. Finally, Morse Asset Management Inc increased its position in SEA by 21.1% in the 2nd quarter. Morse Asset Management Inc now owns 12,168 shares of the Internet company based in Singapore’s stock valued at $1,946,000 after acquiring an additional 2,121 shares during the period. Institutional investors and hedge funds own 59.53% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SE. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of SEA in a research report on Monday, July 20th. TD Cowen lowered their price objective on shares of SEA from $108.00 to $100.00 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Barclays upped their target price on shares of SEA from $120.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, May 14th. Zacks Research upgraded shares of SEA from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of SEA in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SEA currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.30.

Read Our Latest Report on SE

More SEA News

Here are the key news stories impacting SEA this week:

Positive Sentiment: Revenue substantially beat expectations: Second-quarter GAAP revenue rose 48.1% year over year to approximately $7.8 billion, exceeding the $7.12 billion analyst consensus. Gross profit increased 47.3% to $3.5 billion, while net income reached $458.1 million and adjusted EBITDA rose 10.6% to $917.2 million. Sea Limited Reports Second Quarter 2026 Results
Positive Sentiment: Shopee outlook improved: Management now expects Shopee to generate approximately $1 billion in adjusted EBITDA, up from a prior floor of $881 million, while reaffirming 25% gross merchandise value growth. The upgrade suggests stronger e-commerce profitability and supports the bullish reaction to the report. Sea Limited post-earnings outlook
Positive Sentiment: Less bearish positioning: Short interest fell 36.5% to 12.3 million shares as of July 31, representing about 2% of outstanding shares and 2.9 days of average trading volume. The reduction may provide additional support for the stock’s upward momentum.
Neutral Sentiment: AI expansion offers a potential longer-term catalyst: Sea’s partnership with OpenAI could enhance Shopee’s product discovery, seller tools and automation, but the financial impact is not yet clear. Sea’s AI Push With OpenAI
Negative Sentiment: EPS missed estimates: Quarterly EPS was $0.70, below the $0.86 consensus forecast. Higher investment levels and credit provisions could continue to pressure margins despite rapid revenue growth.
Negative Sentiment: Insiders sold shares: COO Gang Ye sold 40,000 shares for roughly $4.6 million, while Yanjun Wang sold multiple blocks totaling at least 3,000 shares in the latest disclosures. Both insiders retained substantial positions, but the selling could temper sentiment after the earnings-driven rally. Sea Limited COO Share Sale

About SEA

(Get Free Report)

Sea Limited (NYSE: SE) is a Singapore-based consumer internet company that operates a trio of interconnected businesses across digital entertainment, e-commerce and digital financial services. Founded in 2009 as Garena and later rebranded as Sea, the company is headquartered in Singapore and listed on the New York Stock Exchange. Sea positions itself as a technology platform focused on enabling online consumers, merchants and developers primarily across Southeast Asia and adjacent markets.

Sea’s digital entertainment arm, Garena, is a game developer and publisher that also organizes esports initiatives and operates online gaming platforms.