Li Auto Inc. Q2 2026 Earnings Recap

LI Q2 2026 August 28, 2026

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Shares dipped 0.7% following the earnings release, reflecting investor caution despite new product launches and technological upgrades, as top-line revenue and vehicle sales declined year-over-year.

Earnings Per Share Miss

$-0.25 vs $-0.01 est.

-2400.0% surprise

Revenue Miss

3777653000 vs 3864906000 est.

-2.3% surprise

Market Reaction

Post-Earnings -0.73%

Aug 28 to Sep 4 +1.14%

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Key Takeaways

Q2 total revenues were RMB 25.7 billion, down 15.1% year-over-year but up 11.7% sequentially.
Vehicle sales contributed RMB 24.1 billion, down 16.7% year-over-year but increased 11.8% quarter-over-quarter.
The year-over-year revenue decline was attributed to lower vehicle deliveries and a reduced average selling price.
Li Auto highlighted significant product refreshes and technology enhancements, including the rollout of an in-house MACH M100 chip and 5C supercharging battery.
New model launches scheduled for H2 include the Li MEGA and the flagship Li i9, expected to improve competitiveness and BEV sales mix.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit LI on AllInvestView.

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