XPeng

XPEV

Market cap $15.7B

XPeng Inc. (XPEV) Q1 2026 Earnings Call Transcript

Xpeng (XPEV) faces declining deliveries and revenues, with Q1 2026 vehicle deliveries down 33.3% year-over-year and revenues falling 17.6%. Despite margin improvements to 20.6%, XPEV swung to a net loss of RMB 1.78 billion, driven by higher R&D and lower volumes. Management projects a Q2 rebound with 100,000–106,000 vehicle deliveries and RMB 19.6–20.8 billion in revenue, banking on new model launches.

XPENG NYSE: XPEV said it expects a sharp rebound in second-quarter deliveries after a weaker first quarter, while management outlined a broader push to position the company around “physical AI” applications including advanced driver assistance, Robotaxis and humanoid robots.

Electric vehicle maker Xpeng on Thursday forecast second-quarter revenue below market expectations, underscoring a prolonged slowdown in demand and stiff ​competition in the Chinese EV market.

First-quarter revenue totaled RMB 13.03 billion. Quarterly gross margin reached 20.6%.

Li Auto reports a first-quarter per share loss of 15 cents while Wall Street was looking for a loss of 13 cents. XPeng reports a loss of 13 cents; Wall Street expected a loss of 10 cents.

Chinese electric-vehicle maker XPeng had a weak start to 2026, slipping back to a loss in the first quarter after becoming profitable at the end of last year.

Cash position [i] was RMB42.09 billion (US$6.10 billion) as of March 31, 2026 Quarterly total revenues were RMB13.03 billion, a 17.6% decrease year-over-year Quarterly gross margin was 20.6%, an increase of 5.0 percentage points over the same period of 2025 Quarterly vehicle margin was 12.1%, an increase of 1.6 percentage points over the same period of 2025 GUANGZHOU, China, May 28, 2026 /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its unaudited financial results for the three months ended March 31, 2026. Operationa l an d Financia l Highlight s fo r th e Thre e Month s Ende d March 31 , 202 6 2026Q1 2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 Total deliveries 62,682 116,249 116,007 103,181 94,008 91,507 Total deliveries of vehicles were 62,682 for the first quarter of 2026, representing a decrease of 33.3% from 94,008 in the corresponding period of 2025.

XPeng's new robotaxi offers an indirect validation of Tesla's approach to developing self-driving cars. On Monday, XPeng stock fell around 4%.

GUANGZHOU, China, May 18, 2026 /PRNewswire/ -- XPENG (NYSE: XPEV, HKEX: 9868), a leading China-based high-tech company, today announced the official rollout of its first mass-produced Robotaxi in Guangzhou. This marks the first time in China that an automaker has achieved mass production of a Robotaxi through full-stack, in-house development.