Li Auto Reports Q2 2026 Earnings with Revenue Decline, Guidance for Growth
Li Auto (LI) reported second-quarter revenue of RMB 25.7 billion in the quarter ended June 30, 2026, representing a year-over-year decline of 15.1%. The drop was attributed to reduced vehicle deliveries and lower average selling prices due to changes in product mix. Deliveries for Q2 totaled 98,330 vehicles, down 11.5% from the same period last year as the company transitioned through a major model refresh cycle amid intense market competition. The firm posted a net loss of RMB 1.7 billion compared to a profit of RMB 1.1 billion in Q2 2025, driven by lower vehicle margins and operating losses. Management provided guidance for the third quarter with deliveries expected between 95,000 and 100,000 units—projected growth of up to 7.3% year-over-year—and revenue estimated at RMB 26.6 billion to RMB 28.0 billion. Li Auto also reported a cash position of RMB 87.5 billion as of June 30 and plans for continued investment in research, development, and share repurchases.
Tickers: $LI