NASDAQ$ECX
ECARX Holdings Inc · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
ECARX Holdings Inc reported strong Q2 2026 results with revenue up 45% year-over-year to $225.2 million and narrowed net loss.
ECARX delivered revenue of $225.2 million in Q2 2026, a 45% increase from the prior year, driven by higher sales of goods and services. Gross margin expanded significantly to 19.8%, gross profit rose to $44.5 million, and net loss narrowed to $12.0 million. The company achieved positive adjusted EBITDA of $0.5 million for the fourth consecutive quarter while shipping over 550,000 units and reaching 12 million vehicles on the road.
- Total revenue reached $225.2 million, up 45% YoY, with sales of goods at $196.4 million (+50% YoY) and services at $28.1 million (+21% YoY).
- Gross margin nearly doubled to 19.8% from 10.8%, resulting in gross profit of $44.5 million (+165% YoY).
- Net loss improved to $12.0 million from $45.4 million YoY; adjusted EBITDA turned positive at $0.5 million.
- Reiterated full-year 2026 revenue guidance of $1.0-$1.1 billion amid strategic moves including Flyme acquisition and new partnerships.
Headline financials
Revenue & EPS history
ECARX · Revenue · Quarterly
$225M
Revenue by segment
ECARX · $225M total across 3 segments · Q2 2026
- Sales of goods$196M—87.2%
- Service revenue$28.1M—12.5%
- Software license$700K—0.3%
Forward guidance
Reiterated full-year 2026 revenue guidance of $1.0-$1.1 billion; expects gross margin and operating profitability to be impacted by memory cost dynamics in coming quarters.
Tailwinds
- Strong backlog and commercial pipeline support revenue outlook
- Continued strategic progress on acquisitions and partnerships
Headwinds
- Ongoing uncertainty around global memory costs
- Potential negative impact on margins from cost dynamics and investments
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
-1.1%
Avg return
Earnings day
-3.3%
Avg return
5 days after
+0.0%
Avg return
30 days after
45%
9 / 20 earnings
Positive
+8.3%
Q1 2025
Best reaction
-14.9%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | -3.5% | -3.9% | +3.9% | |
| Q4 2025 | -8.3% | -13.5% | -42.0% | |
| Q3 2025 | +4.7% | -6.8% | -20.8% | |
| Q2 2025 | -11.3% | -4.1% | +26.0% | |
| Q1 2025 | +8.3% | +18.3% | +30.0% | |
| Q3 2024 | +0.5% | -2.2% | +4.4% | |
| Q2 2024 | +4.4% | +7.9% | +9.2% | |
| Q1 2024 | -14.9% | -22.3% | -11.5% | |
| Q4 2023 | +0.4% | -13.1% | -28.7% | |
| Q3 2023 | -3.5% | -17.3% | -40.5% | |
| Q2 2023 | -4.4% | -6.7% | -14.8% | |
| Q1 2023 | -1.3% | +4.3% | -31.0% | |
| Q4 2022 | +2.0% | -2.0% | +38.2% | |
| Q4 2020 | +2.0% | -2.0% | +38.2% | |
| Q4 2021 | +2.0% | -2.0% | +38.2% | |
| Q3 2022 | +0.2% | +0.1% | +0.7% | |
| Q2 2022 | +0.0% | -0.1% | +0.3% | |
| Q1 2022 | +0.0% | +0.0% | +0.4% | |
| Q3 2021 | +0.0% | -0.6% | -0.2% | |
| Q2 2021 | -0.4% | -0.2% | +0.1% | |
| Q1 2021 | — | — | — |
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