RLX Technology's stock surged 5.24% in pre-market trading following the release of its robust first-quarter 2026 financial results, which significantly exceeded analyst expectations.

The China-based e-vapor company reported net revenues of RMB 1.59 billion (US$229.9 million) for the quarter, representing a 96.2% year-over-year increase and beating the FactSet consensus estimate of RMB 1.15 billion. Adjusted earnings per American Depositary Share (ADS) came in at RMB 0.263, surpassing the estimated RMB 0.21.

Management attributed the strong performance to rapid international expansion, contributions from a May 2025 acquisition, and a one-time benefit from changes in China's export policies. International business accounted for 72.3% of total net revenues. The company also improved its gross margin to 31.8% from 28.6% a year earlier, citing supply chain optimization and favorable revenue mix. RLX Technology plans to accelerate market penetration in Asia and Europe in the coming quarters.