Wayfair Inc. (W) shares surged 6.04% in pre-market trading on Tuesday after the online home goods retailer reported second-quarter results that exceeded analyst expectations on both earnings and revenue.

The company posted adjusted earnings of $0.95 per share, topping the consensus estimate of $0.89. Revenue rose 7.5% year-over-year to $3.5 billion, also beating the expected $3.47 billion. The strong performance was driven by a 6% increase in orders delivered and a 3.3% rise in active customers, with specialty retail brands and Perigold showing particularly robust growth of over 20% and 35%, respectively.

Adjusted EBITDA came in at $242 million, above the $227.9 million forecast, while free cash flow reached $301 million—the strongest since 2020. The upbeat results reflect a solid improvement in the company's core U.S. market, where net revenue grew 8.7%, the best post-COVID second-quarter growth rate.