Nio Inc (GB:0A1K)
NYSE:0A1K
Earnings Data
Report Date
Jun 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.08Last Year’s EPS
-0.44Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted a strong operational and financial turnaround: record deliveries, sharp revenue growth (+75.9% YoY in Q4), first quarterly GAAP and non-GAAP operating profits, significant margin improvement and successful tech and infrastructure milestones (mass-production 5nm chip, NWM rollout, 100M cumulative swaps). Management also presented disciplined cost controls (R&D and SG&A declines) and a confident volume outlook (40%–50% YoY for 2026 with Q1 guidance implying ~+90% YoY). Key risks include emerging raw-material and chip cost inflation, near-term losses from infrastructure investments, escalating related-party receivables/payables, and macro/geopolitical uncertainty. On balance the positive operational progress, profitability inflection and technology validation outweigh the headwinds, but execution and cost volatility remain meaningful risks.Company Guidance
Record Deliveries and Strong Volume Growth
Q4 2025 deliveries: 124,807 vehicles, up 71.7% year-over-year; Full year 2025 deliveries: 326,028 vehicles, up 46.9% year-over-year. January and February 2026 deliveries were 27,182 and 20,797 respectively. Q1 2026 guidance: 80,000–83,000 vehicles, implying +90.1% to +97.2% year-over-year.
Revenue Acceleration
Q4 2025 total revenues reached RMB 34.7 billion, up 75.9% year-over-year and 59.0% quarter-over-quarter. Vehicle sales were RMB 31.6 billion (+80.9% YoY, +64.6% QoQ). Other sales were RMB 3.0 billion (+36.6% YoY, +17.5% QoQ).
Profitability Milestones and Cash Strength
First ever quarterly profit in Q4 2025: GAAP operating profit RMB 810 million and non-GAAP operating profit RMB 1.25 billion. Net profit was RMB 300 million (vs. net loss of RMB 7.1 billion in Q4 2024). Achieved positive free cash flow for two consecutive quarters and positive operating cash flow for full year 2025. Ending cash and equivalents, restricted cash, short-term investments and long-term time deposits: RMB 45.9 billion.
Material Margin Improvement
Q4 vehicle margin improved to 18.1% (from 13.1% in Q4 2024 and 14.7% in prior quarter). Gross margin overall rose to 17.5% (from 11.7% YoY and 13.9% QoQ). Other sales margin hit a record high of 11.9%.
Operational Efficiency and Expense Reduction
R&D expenses in Q4 were RMB 2.0 billion, down 44.3% YoY and 15.3% QoQ. SG&A was RMB 3.5 billion, down 27.5% YoY and 15.5% QoQ, reflecting organizational optimization and CBU-driven efficiency gains.
Product Momentum and Pipeline
All-New ES8 reached 70,000 deliveries in 160 days and set a monthly delivery record for vehicles priced above RMB 400,000. ONVO L90 became the best-selling large battery-electric SUV in 2025. FIREFLY ranked #1 in the high-end small car market for seven consecutive months. Roadmap: ES9 launch (tech/executive flagship) in Q2, 2026 versions of ET5/ET5T/ES6/EC6 in Q2, and three new models planned in 2026 to strengthen premium large vehicle portfolio.
Technology and Autonomous Driving Advances
Key tech milestones in mass production: automotive-grade 5-nanometer chip for Smart Driving, full-domain vehicle OS, SkyRide Intelligent Chassis. New NIO World Model (NWM) with closed-loop reinforcement learning rolled out; Smart Driving share of driving time increased >80% month-over-month in February 2026 after the update. Targets for two major world-model releases in Q2 and Q4 2026.
Infrastructure Scale and Validation of Battery Swap
Network scale: 3,815 power swap stations and >28,000 chargers/destination chargers worldwide. Company achieved 100 million cumulative swaps and peaked at >177,000 swaps in a single day during Chinese New Year, demonstrating large-scale user adoption. Over 2,000 urban swap stations now support power-swap integration with urban NOP pilot.
Strategic Investments and Chip Business Progress
Smart Driving chip subsidiary Shenji (GeniTech) completed equity financing raising RMB 2.257 billion, achieving a post-money valuation > RMB 8 billion. Shenji's next-generation chips (including a more cost-efficient 5nm chip) have successful tape-out and are preparing for mass production, with exploration of external customers and embodied-AI/robotaxi applications.
GB:0A1K Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:0A1K Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 10, 2026 | $4.88 | $5.63 | +15.49% |
Nov 25, 2025 | $5.84 | $5.62 | -3.77% |
Sep 02, 2025 | $6.32 | $6.41 | +1.39% |
Jun 03, 2025 | $3.51 | $3.57 | +1.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nio Inc (GB:0A1K) report earnings?
Nio Inc (GB:0A1K) is schdueled to report earning on Jun 04, 2026, Before Open (Confirmed).
What is Nio Inc (GB:0A1K) earnings time?
Nio Inc (GB:0A1K) earnings time is at Jun 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Nio Inc stock?
The P/E ratio of Nio is N/A.
What is GB:0A1K EPS forecast?
GB:0A1K EPS forecast for the fiscal quarter 2026 (Q1) is -0.08.
