Amazfit's parent company just answered two questions that have been circling the brand all year, and it did it on an earnings call, on the record, to investors.
No, Zepp Health is not planning to put your training features behind a subscription. And yes, the 2026 launch blitz is basically over, with only one or two products left to ship.
That second answer is the interesting one for anyone tracking what Amazfit does next. So we went digging through FCC filings, regulatory databases, and app code to figure out which devices are fighting for those final slots.
The subscription answer, in the CFO's own words
An analyst asked directly on this week's Q2 2026 call whether Zepp plans to develop a subscription model, specifically around the Balance 3. CFO Leon Cheng Deng's answer started with "yes and no," then got specific.
The Zepp App does already sell some paid services, focused on sleep quality, relaxation, and stress management. That's the Zepp Aura side of the ecosystem, and it isn't new.
But the core stuff stays free. In Deng's words: "we believe that by providing all those professional functionalities for free to the user at this moment of time, it's also one of our key competitive edge against the competitors." And then the closer: "in short term, we don't have any subscription charges ideas on Balance 3 at this moment."
Translation: training load, sleep staging, Zepp Coach, BioCharge, and the HYROX tools are not going behind a paywall. Anyone who has watched Garmin's Connect+ rollout at $6.99 a month, or Whoop's subscription-required model, can see exactly who Deng is aiming at. Garmin even markets its new CIRQA band with the tagline "No subscription required," which tells you how much this pressure point matters in 2026.
One honest caveat: "at this moment" and "in short term" are doing a lot of work in those sentences. Deng left the long-term door open. But for now, the free-features promise is official investor guidance, not just marketing copy.
The launch blitz is over
The same call wrapped up Amazfit's product year. Deng said the company is "almost done with new product launches for the year," with only 1 or 2 more products expected in 2026. By the call, Zepp had shipped roughly nine or ten products.
Here's the 2026 lineup so far:
- January: Active Max
- February: Active 3 Premium, T-Rex Ultra 2
- April: Cheetah 2 Pro
- May: Cheetah 2 Ultra
- June: Bip Max, Balance 3, Balance Ultra, Helio Strap Pro
That pace was expensive. Q2 alone carried six or seven launches, and adjusted selling and marketing costs jumped to $18.2 million from $12 million a year earlier. The adjusted operating loss widened to $11.1 million. Revenue still grew 6.9% year over year to $63.5 million, with gross margin up to 37.4%, but management was clear that the second half is about getting existing hardware onto wrists, not flooding the market with more.
Two other details from the call worth knowing:
- Supply held some products back. The Balance 3 has been genuinely difficult to manufacture, and Helio Strap demand exceeded supply all quarter. Strap availability improves in Q3 and fully recovers in Q4.
- Bip prices go up in January 2027. Zepp announced price increases across the entire Bip family, blaming component costs, especially memory prices.
So what are the final 1-2 products?
This is where the filings come in. Four devices have left real regulatory fingerprints this year, and they don't all look equally likely.
T-Rex Dual Solar: the near-lock
We've been tracking this one since July, when solar charging code surfaced in the Zepp app. In August it got an official name, and then it got everywhere. Model A2570 has now appeared in five regulatory databases:
- FCC (US): filed August 11-12, confirming Wi-Fi, Bluetooth, and likely dual-frequency GNSS
- SIRIM (Malaysia): marketing name T-REX DUAL SOLAR, approved August 3
- Indonesia: certificate 125183/DJID/2026
- South Korea RRA: certified August 4 under Anhui Huami, Zepp's corporate name
- Eurasian Economic Union: a fifth registration for the same device
The Zepp app code adds a solar software package with charging records, solar intensity data, and a dedicated Solar Boost Mode. Fields like watch_face_input_power and case_back_input_power point to solar harvesting from two separate zones, the display and the case back, which would be a genuinely different approach from Garmin's single-layer Power Glass. We broke down what "Dual" probably means when the FCC filing landed.
Five certifications across three continents is production-ready hardware, not a science project. If only one more Amazfit product ships this year, this is it.
The r/amazfit community has reached the same conclusion, with one wrinkle: everyone expects a MIP display, not AMOLED. As one commenter put it, "there is no device with a solar AMOLED. At least not yet. So it would probably need to be a MIP." Another regular explained the physics: AMOLED panels draw far more power than a watch-sized solar panel can ever replace. Expectations there are running 47-49mm with a rounder case than the octagonal T-Rex 3, though there's healthy skepticism about how much solar will actually contribute. One user summed it up with a friend's Forerunner 955 Solar experience: "the solar charging does help the battery a little bit, but not much."
Helio Strap 2: confirmed by management, if it counts
Zepp told investors back in March that a next-generation Helio Strap was in the works for the second half, and an FCC filing in May surfaced model numbers A2671 and A2672 for an unnamed "smart sensor" that fits the description. On the Q2 call, management noted that Google's Fitbit Air launch "further validates the screen-free wearable category," and Helio Strap demand still exceeds supply.
The catch: it's a strap, not a watch. The CFO said "1 or 2 more products," so the Helio Strap 2 may already be counted inside the nine-to-ten shipped, or it may take one of the final slots. Either way, it's coming.
Falcon 2: four months of silence
The premium Falcon successor looked like a shoo-in this spring. Zepp app code carried a SUPPORT_BIND_FALCON2025 string, an FCC filing under model A2564 referenced a 540mAh battery (up from the original Falcon's 500mAh), and SIRIM logged model A2557. All of that happened in March and April.
Nothing since.
There's a plausible reason hiding in the same earnings call. CEO Wang Huang told analysts that combining premium materials with a reliable antenna that delivers excellent GPS performance is a genuine engineering problem, and Deng admitted the Balance 3's titanium and steel builds have been difficult to manufacture at scale. The5krunner's own testing found the Balance 3's GPS accuracy fell to 77% from 85% on the Balance 2, and attributed the drop to the new case and antenna. The Falcon 2 would use that same premium case type, at least according to the5krunner's read.
If the antenna problem is real, the Falcon 2 could easily slip into 2027. That would be unfortunate for anyone hoping for a titanium multi-sport flagship to answer the Fenix.
The dark horses
Two more filings never got resolution:
- A2553, the HYROX watch: a regulatory image matched the mystery Balance-style watch from Amazfit Poland's HYROX Warsaw promo clip, with an angular shell, roughly 45mm display, and a big 780mAh battery
- A2568, the square watch: an April FCC filing with an unusually large 550mAh battery, possibly a Cheetah 2 Square
Both went quiet after their spring filings. Either could surprise into the final slot, but neither has the paperwork momentum of the Dual Solar.
Bottom line
Put the investor guidance and the filings together and the end of Amazfit's 2026 looks like this: the T-Rex Dual Solar is all but certain, most likely as a MIP-display solar watch arriving in Q4, and the second slot is either the Helio Strap 2 or nothing at all, with the Falcon 2 increasingly looking like a 2027 story.
The bigger takeaway is the subscription answer. Zepp just told the investment community that free core features are a competitive weapon, which locks the policy in place for as long as the strategy holds. In a market where Garmin is expanding Connect+ and Whoop has never known a user who wasn't paying monthly, Amazfit is betting that "no subscription" sells watches.
What would confirm the rest? Watch for FCC retail-box photos of the A2570, fresh Zepp app strings, and whether October brings any new filings under A2564. We'll be tracking all three.