NIO Reports Q2 2026 Earnings with Strong Revenue Growth and Improved Margins
NIO Inc. (NIO) reported strong financial results for its second quarter of fiscal year 2026, driven by increased vehicle deliveries across the NIO, ONVO, and FIREFLY brands. Total revenues reached RMB 32.1 billion, a 69.1% increase from the prior year period, supported by higher delivery volumes and an improved product mix. The company delivered 107,658 smart electric vehicles (EVs), reflecting robust demand in China's premium EV market. NIO also reported significant improvements in profitability metrics, with a vehicle gross margin of 18.5% compared to 10.3% the previous year and an overall gross margin of 18.4%. The net loss narrowed by 89.4%, while adjusted net profit reached RMB 26.1 million for the third consecutive profitable quarter on a non-GAAP basis. NIO maintained strong liquidity with cash reserves totaling RMB 56.7 billion as of June 30, 2026.
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