Zepp Health (ZEPP) Q1 2026 Earnings Transcript

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Date

June 8, 2026 astatine 9:30 p.m. ET

Call participants

• Founder and Chief Executive Officer — Wang Huang

• Chief Financial Officer — Leon Cheng Deng

• Chief Operating Officer and General Manager of North America — Mike Yeung

• Vice President of Capital Markets for North America — Eric Flemming

• Investor Relations Director — Grace Yujia Zhang

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Full Conference Call Transcript

Grace Yujia Zhang: Hello, everyone, and invited to Zepp Health Corporation's First Quarter 2026 Earnings Conference Call. The company's fiscal and operating results were issued successful our property merchandise astatine the Newswire services earlier contiguous and are posted online. You tin besides presumption the net property merchandise and the slides referred to connected this telephone by visiting the IR conception of the company's website. Presenting contiguous are Huang Wang, our Founder and Chief Executive Officer; and Leon Deng, our Chief Financial Officer. Joining america today, we besides person Mike Yeung, Chief Operating Officer and General Manager of North America; and [ Eric Flemming ] Vice President of Capital Markets for North America.

Before we continue, delight enactment that today's treatment volition incorporate forward-looking statements made nether the harmless harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements impact inherent risks and uncertainties. As such, the company's existent results whitethorn beryllium materially antithetic from the views expressed today. Further accusation regarding this and different risks and uncertainties are included successful the company's yearly study connected Form 20-F for the fiscal twelvemonth ended December 31, 2025, and different filings arsenic filed with the U.S. Securities and Exchange Commission. The institution does not presume immoderate work to update immoderate forward-looking statements, but arsenic required nether applicable law.

Please besides enactment that Zepp's net property merchandise and this league telephone includes discussions of unaudited GAAP fiscal accusation arsenic good arsenic unaudited non-GAAP fiscal information. The property merchandise contains a reconciliation of our unaudited non-GAAP measures to the unaudited astir straight comparable GAAP measures. I volition present crook the telephone implicit to our CEO, Mr. Wang Huang. Please spell ahead.

Wang Huang: Hello, everyone, and convey you for joining america today. We are pleased to statesman 2026 with a promising start, delivering different coagulated quarter. In the archetypal quarter, Amazfit branded gross grew 33.8% year-over-year, demonstrating exceptional resilience during what is traditionally a softer play for the user electronics industry. This beardown show was chiefly driven by the palmy launches of the Amazfit Active Max Active 3 Premium and our flagship T-Rex Ultra 2. Delivering this level of maturation successful a seasonally quieter 4th further reinforces our condemnation that the marketplace accidental we are capturing is structural alternatively than cyclical. More importantly, we bash not presumption this 4th simply arsenic a gross maturation story.