BRIEFINGS · AI applications
Xiaomi says Q2 revenue fell 6.1% and profit fell 20.3% as car deliveries rose
Xiaomi said second-quarter revenue fell 6.1% to RMB108.9 billion and profit fell 20.3%, while car deliveries rose 28.2%.
On 18 August 2026 Xiaomi, the Chinese phone and electronics maker that also sells electric cars, reported second-quarter revenue of RMB108.9 billion, down 6.1% from a year earlier. Profit for the period was RMB9.46 billion, down 20.3%. Adjusted net profit, a non-IFRS measure, was RMB6.2 billion, down 42.6%. Xiaomi delivered 104,199 cars, up 28.2%. Its filing says significant increases in key component costs, including memory, created headwinds, and ties a 26.5% fall in phone shipments to weaker global demand as component prices rose (Xiaomi HKEX announcement, 18 August 2026).
Why we file it. A big maker of phones and cars is earning less.
How we read it. These are the company's own figures. Car sales up, profit down.
Why it matters to you: Xiaomi says rising memory prices are hurting its phone business.
What this doesn't prove
Company's own figures: adjusted net profit is a non-IFRS measure.
Next fixture
- Whether component costs ease
Sources
- Results for the three and six months ended June 30, 202618 August 2026
- Xiaomi Q2 2026 earnings call transcript18 August 2026
Every figure above comes from these sources. Every briefing is checked against its sources before it publishes. Nothing here is a recommendation to buy or sell anything, and this is not investment advice. See the disclosures.
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