Chinese electric vehicle (EV) maker Li Auto (LI) will report its third-quarter results before the market opens on Wednesday, November 26. The stock has struggled this year and is down about 25% so far, mainly because deliveries have slowed and competition in China’s EV market has grown stronger. October deliveries showed the pressure clearly. The company delivered 31,767 vehicles, which was down 38.3% from a year ago and 6.4% lower than September.
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Meanwhile, demand for its extended-range models has softened, and that remains a major challenge. While Li Auto has launched new SUVs and cut prices to stay competitive, those moves have not yet led to a steady rebound in sales. As a result, Wall Street analysts remain cautious heading into Q3 results.
What to Expect from Li Auto’s Q3 Earnings
Wall Street analysts expect Li Auto to post $0.10 per share in earnings for Q3, down sharply from $0.51 last year. Revenue is also forecast to decline. According to TipRanks estimates, Wall Street models $3.71 billion in sales versus $5.98 billion a year ago.
The weaker outlook reflects slower deliveries, price cuts across the sector, and tougher competition from rivals like BYD (BYDDY), Huawei-backed Aito, and Xiaomi. Investors will watch for updates on margins, new model launches, and any change in demand as Li Auto (LI) prepares to shift more of its lineup toward fully electric vehicles.
Guidance will be a key focus, especially around deliveries and production plans for the coming quarters.
Analysts’ Views Ahead of Li Auto’s Q3 Earnings
Piper Sandler analyst Alexander Potter recently began coverage of Li Auto with a Neutral rating and a $19 price target. He said China’s EV market still offers growth opportunities but called it a “high-risk environment” due to aggressive pricing and shifting policy.
Potter noted Li Auto has built a solid base in China, but believes future growth depends on expanding beyond its home market. Since the company’s global strategy remains unclear, he prefers to stay cautious heading into earnings.
Is Li Auto Stock a Good Buy?
Given the ongoing challenges, Wall Street has a Hold consensus rating on Li Auto stock based on three Buys, seven Holds, and one Sell recommendation. The average LI stock price target of $26.01 indicates 47.37% upside potential from current levels.
