Xiaomi Corporation Q2 2026 Earnings Recap

XIACY Q2 2026 August 21, 2026

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Xiaomi's shares gained 7.7% following results that highlighted strength in AI-related revenue growth and solid EV delivery momentum, offsetting headwinds from high memory costs and softer smartphone shipments.

Earnings Per Share Beat

$0.27 vs $0.16 est.

+65.1% surprise

Revenue Beat

16165870000 vs 16042480000 est.

+0.8% surprise

Market Reaction

Post-Earnings +7.68%

Aug 21 to Aug 28 -3.42%

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Key Takeaways

Group revenue reached RMB 108.9 billion in Q2 2026, with adjusted net profit at RMB 6.2 billion.
Smartphone shipment declined but Xiaomi maintained a top 3 global market position for the 24th consecutive quarter, supported by record-high average selling prices amid elevated memory costs; smartphone gross margin was 8.5% in Q2.
IoT revenue fell year-on-year due to a high subsidy base in China but saw significant overseas growth, expanding retail and product footprint internationally.
Xiaomi EV deliveries rose for the sixth consecutive quarter, with 104,199 vehicles delivered; the SU7 series ranked first among pure electric sedans above RMB 200,000 in Mainland China.
AI foundational model MiMo-V2.5 saw a sixfold increase in call volume, contributing new API and token-based revenues, underlining Xiaomi’s growing footprint in AI services and ecosystem integration.

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 XIACY on AllInvestView.