Xos Inc Reports Q3 2026 Revenue Growth Driven by Hub and Powertrain Deliveries
Xos, Inc. (XOS) reported third-quarter revenue of $5.5 million, marking a 17% sequential increase driven primarily by deliveries in its hub and powertrain segments. The company demonstrated improved profitability metrics, reporting a non-GAAP gross margin of 34.4%, which marks the 13th consecutive quarter of positive non-GAAP gross margin performance. Additionally, the quarterly non-GAAP operating loss narrowed to $4.1 million, a 34.2% sequential improvement. Despite these gains, management revised its full-year 2026 revenue guidance to a range of $25 million to $35 million, citing shifts in customer delivery timing and product mix. While the company is seeing success in higher-margin non-vehicle products—which accounted for 72% of revenue over the first nine months—it continues to manage cash burn, reporting negative free cash flow of $7 million for the first nine months of the year.
Tickers: $XOS
Topics: financial guidance gross margin operating loss revenue growth unit deliveries