Investor Pulse
Earnings preview · Q3 2026
Results 16 November 2026XPulse's Q4 estimate, midpoint · about 157,000 deliveries · revenue about RMB28.30bn
XPulse's own estimate, not XPeng's figures.The full preview →
Latest earnings · Q2 2026
24 August 2026RevenueRMB19.74bn
Q1 2024 → Q2 2026
- Vehicle revenue
- RMB17.05bn
- Services revenue
- RMB2.70bn
- Mix
- Vehicle 86% · Services 14%
CashRMB40.48bn
Q1 2024 → Q2 2026
- Q1 → Q2
- RMB42.09bn → RMB40.48bn
- Measured at
- 30 Jun 2026
- 10-quarter range
- RMB35.75bn–RMB48.33bn
Vehicle margin12.1%
Q1 2024 → Q2 2026
- Q1 → Q2
- 12.1% → 12.1%
- 10-quarter range
- 5.5%–14.3%
Gross margin20.7%
Q1 2024 → Q2 2026
- Vehicle margin
- 12.1%
- Services margin
- 75.1%
- Q1 → Q2
- 20.6% → 20.7%
- 10-quarter range
- 12.9%–21.3%
Services revenueRMB2.70bn
Q1 2024 → Q2 2026
- Share of revenue
- 14%
- Services margin
- 75.1%
Services and other revenue, including the Volkswagen technology agreements.
Services margin75.1%
Q1 2024 → Q2 2026
- Services revenue
- RMB2.70bn
- Q1 → Q2
- 66.5% → 75.1%
- 10-quarter range
- 53.6%–75.1%
R&DRMB2.91bn
Q1 2024 → Q2 2026
- Share of revenue
- 14.8%
- Q1 → Q2
- RMB2.91bn → RMB2.91bn
- Year earlier
- RMB2.21bn → RMB2.91bn
Net lossRMB1.34bn
Q1 2024 → Q2 2026
- Operating loss
- RMB1.14bn
- Q1 → Q2
- RMB1.78bn → RMB1.34bn
Deliveries 103,295 · within the guided range 100,000–106,000 · Q2 2025: 103,181
Q3 2026 delivery guidance
118,390 delivered+2.1% vs 116,007 in Q3 2025115k–121k guided
Finalinside the range
+2.1% vs 116,007 in Q3 2025Waiting for Q4 2026 delivery guidance · Oct 2026: 50,237 so far · XPeng gives it with the Q3 2026 results
Management's targets →Latest developments
View all →- PrimaryThailand approves 35% tax on imported electric cars
Thailand’s cabinet approved a 35% excise tax on imported battery-electric and range-extender cars from 1 January 2027.
- PrimaryXPeng will report third-quarter results on 16 November
XPeng will report its third-quarter 2026 results on Monday 16 November, before the US market opens, it said on 2 November.
- PrimaryXPeng breaks 50,000 in a month for the first time: 50,237 cars
XPeng delivered 50,237 cars in October 2026, its highest monthly total ever and its first month above 50,000.
What the abbreviations mean
- YoY
- year on year: against the same period a year earlier.
- QoQ
- quarter on quarter: against the quarter before.