Full Truck Alliance Co. Ltd. (NYSE:YMM) reported first-quarter results that exceeded analyst expectations. Adjusted EPS of $1.15 beat the consensus estimate of $0.96 by $0.19.
Revenue reached RMB2.85 billion ($412.9 million), surpassing the analyst consensus of $2.68 billion and marking a 5.5% increase from the same period last year.
The digital freight platform's adjusted net income totaled RMB1.20 billion ($174.3 million), down from RMB1.39 billion in Q1 2025. Fulfilled orders climbed 14.3% YoY to 55.0 million, while average shipper monthly active users increased 12.7% YoY to 3.11 million.
Shares rose 3.3% following the announcement. For Q2 2026, the company issued revenue guidance of $3.07-$3.17 billion. The midpoint of $3.12 billion exceeds the analyst consensus of $2.93 billion.
CEO Peter Hui Zhang stated: 'Our business sustained robust growth momentum in Q1. Looking ahead, we will accelerate AI integration into core logistics workflows.'
GAAP net income was RMB994.1 million ($144.1 million), compared with RMB1.28 billion in Q1 2025. The platform's network effects continue to strengthen.
