GrabAGun Digital Holdings (NYSE: PEW), the New York Stock Exchange-listed online firearms marketplace, reported second-quarter 2026 results on August 13 showing sustained momentum in digital gun sales, with total revenue increasing 9.4 percent year-over-year to $23.2 million. Firearms-specific sales rose 8.5 percent for the same period, the company said in its earnings release issued after market close.

Gross margins improved substantially alongside the revenue gain. Gross profit for the quarter rose 39.4 percent year-over-year, and gross margin expanded 290 basis points to 13.5 percent compared to 10.6 percent in Q2 2025 — a significant improvement in a business that historically operates on thin margins. On a first-half basis, GrabAGun recorded $49.1 million in net revenue, up 10.3 percent from $44.6 million in the prior-year period, indicating the recovery is tracking consistently across both quarters rather than concentrated in one.

GrabAGun entered the public markets late last year through a merger with Colombier Acquisition Corp. II and debuted on the NYSE under the ticker PEW with Donald Trump Jr. ringing the opening bell. The company operates an online marketplace for firearms, ammunition, and accessories and has been building PEW Logistics, a fulfillment and supply-chain infrastructure platform designed to serve licensed dealers and firearms manufacturers. PEW Logistics added its first manufacturer customers earlier in 2026. That infrastructure investment is weighing on near-term profitability even as the core marketplace business improves its revenue and margin profile, a tradeoff management has signaled it will sustain through the build-out phase.

Management hosted a conference call at 4:30 PM ET on August 13 to discuss the quarterly results and the strategic rationale behind continued PEW Logistics investment. Analysts following the stock will be focused on the pace at which initial manufacturer customers convert into recurring platform revenue — and whether second-half consumer demand holds the trajectory established in the first six months.

The Q2 results arrive as the broader firearms retail market posts its first sustained recovery signal in more than two years. The NSSF-adjusted NICS background check count for both June and July 2026 came in above the three-year rolling average — the first back-to-back above-baseline months since at least January 2024 and an end to a streak of 29 consecutive below-average months, as Shooting News Weekly noted this week. GrabAGun's improving gross margins suggest the company is capturing the demand recovery at both volume and yield, not just one or the other.

Third-quarter 2026 results are expected in November.