Shares of Wayfair soared Tuesday after the furniture retailer reported better-than-expected second-quarter earnings, with sequential revenue growth at its best level since 2020.

Wayfair stock jumped 19% to $106.60 in premarket trading on Tuesday after ending Monday up 5.2%.

The company posted adjusted earnings of 95 cents a share, up from 87 cents a year ago and above Wall Street expectations of 90 cents. Net revenue in the period grew nearly 8% from a year earlier to $3.52 billion, beating the analyst consensus call for $3.47 billion.

Looking closer, U.S. revenue in the period increased 8.7% to $3.1 billion while international revenue decreased 1.3% to $394 million.

Sequentially, second-quarter revenue jumped 20% from $2.93 billion in the first quarter. U.S. revenue also grew 20% sequentially.

"We saw the best sequential growth we've seen in a Q2 since the second quarter of 2020. In fact, revenue growth in the U.S. was the best we've seen in the entire post-Covid period, with nearly 9% year-over-year revenue growth, continuing the high single digit share spread we've held since last fall," CEO Niraj Shah said in the earnings release.