Xiaomi is set to report its second-quarter results on August 18, 2026. The market mood is cautious. Consensus forecasts point to a revenue decline of 3.39 percent and a sharp drop in earnings. Let's break down the numbers. Revenue is expected to hit 110.95 billion RMB. Adjusted EPS is estimated at 0.23. But look at the year-over-year changes. EBIT is projected to fall by over 47 percent. This signals significant pressure on profitability
Last quarter, revenue was 99.14 billion RMB with a net profit margin of 4.76 percent. Net profit fell nearly 28 percent quarter-on-quarter. Smartphones remain the core, generating 44.27 billion RMB previously. But demand is softening. Price competition is intensifying. This caps gross margins unless premium models sell well
IoT and internet services act as a cushion. They contributed 24.68 billion and 9.47 billion RMB respectively last quarter. These recurring revenues help stabilize margins when phone sales dip. The new star is Smart EV and AI. It posted 19.86 billion RMB last quarter. But scaling up is costly. R and D intensity weighs on operating leverage
EPS is forecast to drop 40 percent year-over-year. Investors will watch delivery cadence and cost curves. Can AI features monetize quickly? Three drivers matter for the stock price. First, can smartphones mitigate average selling price pressure? Second, how heavy are EV investments relative to earnings? Third, can internet services expand their share
Analysts are cautious. They see near-term constraints from competition and ramp costs. Management must balance long-term growth with disciplined execution. The key is whether service monetization and EV scale can unlock leverage soon
Xiaomi is set to report its second-quarter results on August 18, 2026. The market mood is cautious. Consensus forecasts point to a revenue decline of 3.39 percent and a sharp drop in earnings. Let's break down the numbers. Revenue is expected to hit 110.95 billion RMB. Adjusted EPS is estimated at 0.23. But look at the year-over-year changes. EBIT is projected to fall by over 47 percent. This signals significant pressure on profitability
Last quarter, revenue was 99.14 billion RMB with a net profit margin of 4.76 percent. Net profit fell nearly 28 percent quarter-on-quarter. Smartphones remain the core, generating 44.27 billion RMB previously. But demand is softening. Price competition is intensifying. This caps gross margins unless premium models sell well
IoT and internet services act as a cushion. They contributed 24.68 billion and 9.47 billion RMB respectively last quarter. These recurring revenues help stabilize margins when phone sales dip. The new star is Smart EV and AI. It posted 19.86 billion RMB last quarter. But scaling up is costly. R and D intensity weighs on operating leverage