NYSE$XPEV
XPeng Inc ADR · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
XPeng Inc ADR reported unaudited financial results for the three months ended March 31, 2026, with total revenues of RMB13.03 billion and a net loss of RMB1.78 billion.
XPeng reported Q1 2026 total revenues of RMB13.03 billion, down 17.6% year-over-year, primarily due to lower vehicle deliveries of 62,682 units. Gross margin improved to 20.6%, up 5.0 percentage points YoY, while net loss widened to RMB1.78 billion from RMB0.66 billion in Q1 2025. Cash position stood at RMB42.09 billion as of quarter end.
- Total revenues RMB13.03 billion (-17.6% YoY), vehicle sales RMB11.00 billion (-23.5% YoY)
- Gross margin 20.6% (+5.0 pts YoY); vehicle margin 12.1% (+1.6 pts YoY)
- Net loss RMB1.78 billion (vs. RMB0.66 billion loss YoY); non-GAAP net loss RMB1.69 billion
- Deliveries 62,682 units (-33.3% YoY); 733 stores and 3,455 charging stations at period end
Headline financials
Revenue & EPS history
XPeng · Revenue · Quarterly
¥13B
Revenue by segment
XPeng · ¥13B total across 2 segments · Q1 2026
- Vehicle sales¥11B-23.4%84.4%
- Services and others¥2.03B+40.8%15.6%
Forward guidance
Company expects strong Q2 rebound with new model launches and international expansion; dedicated to mass production of Robotaxis and humanoid robots.
Tailwinds
- Gross margin sustained above 20%
- Smart EV business profitable, funding physical AI R&D
- Four new models planned for 2026 including GX launch
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2026
+3.0%
Avg return
Earnings day
+8.4%
Avg return
5 days after
+10.3%
Avg return
30 days after
50%
9 / 18 earnings
Positive
+35.8%
Q3 2022
Best reaction
-12.7%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.1% | +8.6% | — | |
| Q4 2026 | -6.6% | -1.1% | +1.7% | |
| Q1 2025 | -7.8% | +5.3% | +4.1% | |
| Q2 2024 | -1.9% | -2.6% | +30.4% | |
| Q1 2024 | +5.7% | +0.7% | -16.4% | |
| Q3 2023 | -4.5% | +7.2% | -14.9% | |
| Q2 2023 | +5.0% | +2.6% | +16.9% | |
| Q1 2023 | -12.1% | -10.0% | +8.7% | |
| Q4 2022 | +9.8% | +16.4% | +19.1% | |
| Q3 2022 | +35.8% | +54.5% | +35.4% | |
| Q2 2022 | -9.1% | -9.9% | -34.6% | |
| Q1 2022 | -12.7% | -3.3% | +31.4% | |
| Q4 2021 | +4.3% | +7.9% | -12.3% | |
| Q3 2021 | +14.7% | +7.8% | -2.7% | |
| Q2 2021 | -1.4% | +4.0% | -13.5% | |
| Q1 2021 | +3.8% | +10.3% | +67.6% | |
| Q4 2020 | +6.9% | +25.4% | +21.5% | |
| Q3 2020 | +25.2% | +28.0% | +32.2% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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