XPeng (XPEV) Reports Q2 2026 Earnings with Strong Delivery Growth and Expansion into Robotics
XPeng Inc. (NASDAQ: XPEV) reported second-quarter results for fiscal year 2026, showing significant growth in vehicle deliveries and revenue. The company delivered 103,295 units during the quarter—a 65% increase from Q1—driven by strong demand across its SUV models. Total revenues reached RMB 19.74 billion (approximately $2.8 billion), up 8% year-over-year and fueled largely by higher vehicle sales revenue of RMB 17.05 billion, which rose 55% sequentially. XPeng also highlighted a strategic shift into physical AI through its new humanoid robotics division with the IRON robot project. The company secured $900 million in financing for this initiative at a post-money valuation of $6.2 billion and plans to scale production by year-end 2026, leveraging an overlapping supply chain that shares 85% similarity with its automotive operations. Despite these advancements, XPeng reported a net loss of RMB 1.34 billion ($190 million), up from the previous year’s loss due in part to increased R&D and SG&A expenses. The company provided guidance for Q3 2026, forecasting vehicle deliveries between 115,000 and 121,000 units—representing a sequential growth of 11.3% to 17.1%. Revenue is expected to range from RMB 21.7 billion to RMB 23.4 billion ($3.1–$3.35 billion), reflecting continued momentum in both domestic and international markets.
Tickers: $XPEV