Sea Ltd is expected to report Q1 2026 revenue of $4.42 billion and earnings per share of $1.03, with the stock currently trading at $118.42 relative to an average analyst price target of $138.50. Investors are primarily focused on Shopee's Gross Merchandise Volume (GMV) growth as a barometer for market share stability amidst rising competition from TikTok Shop and Temu.
Recent performance has been supported by a stabilization in Garena’s bookings and continued margin expansion within the SeaMoney fintech segment. Market participants will be looking for management to maintain its balance between aggressive e-commerce investment and group-wide GAAP profitability.