XPeng, Inc. ADR (XPEV)
NYSE:XPEV
Earnings Data
Report Date
May 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.09Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial progress: record deliveries (+126% YoY), robust revenue growth (Q4 revenue +38.2% YoY), margin expansion and the company’s first positive quarterly net profit. Management reiterated aggressive investments and ambitious product and global expansion plans (VLA 2.0 rollout, Turing SoC scale-up, robotaxi pilots, and humanoid robot mass production targets). Key risks highlighted include rising R&D/SG&A, substantial compute and infrastructure needs, regulatory dependency for robotaxi/autonomy, and commercialization challenges for humanoid robots. Overall the positive metrics, improved margins and cash generation outweigh the operational and execution risks presented.Company Guidance
Record Annual Deliveries and Strong Volume Growth
Annual deliveries reached 429,445 units, up 126% year-over-year, driven by best-selling models in multiple price segments and ramp of new platforms.
Quarterly Revenue Growth and First Quarterly Net Profit
Q4 2025 total revenue was RMB 22.25 billion, up 38.2% YoY and 9.2% QoQ. Vehicle sales revenue was RMB 19.07 billion, up 30% YoY. XPeng recorded its first ever quarterly net profit of RMB 0.38 billion (vs. net loss RMB 1.33 billion YoY).
Margin and Profitability Improvements
Fiscal year gross margin reached 18.9%, up 4.6 percentage points YoY. Q4 gross margin was 21.3% (vs. 14.4% YoY), and vehicle margin improved to 13% (vs. 10% YoY), reflecting cost reductions and better product mix.
Strong Cash Position and Free Cash Flow
XPeng ended FY2025 with RMB 47.66 billion cash on hand and reported approximately RMB 5 billion free cash flow inflow in 2025, supporting continued AI and product investment.
Rapid Growth in Services, Tech Revenue & Overseas Sales
Revenues from services and other were RMB 3.18 billion in Q4, up 121.9% YoY and 36.7% QoQ (driven by tech R&D services to Volkswagen, parts sales and carbon credits). Overseas deliveries nearly doubled to ~45,000 units and overseas revenue accounted for over 15% of total revenue.
Turing AI SoC Mass Production and External Customer Win
Turing SoC shipped over 200,000 units since Q3 2025; XPeng targets nearly 1 million SoC shipments this year and announced Volkswagen as first external customer—positioning the SoC to be a leading high-compute edge AI SoC by shipment volume.
VLA 2.0 Rollout and Anticipated Commercial Impact
VLA 2.0 began gradual rollout (started early March); stores test drives doubled month-over-month and Ultra-trim share more than doubled. Management projects OTA cadence of ~1 major version per quarter, a 20B-parameter edge model target, and a 25x increase in average miles per takeover, expecting meaningful improvement in conversion, engagement and retention.
Ambitious Product & Robot Roadmap
Plans to launch 4 global models in 2026 (including a 6-seat full-size flagship GX with L4-capable hardware), double overseas stores to ~680, expand ultrafast charging to 10 international markets, and target IRON humanoid robot mass production by end of 2026 with a monthly production target >1,000 units.
R&D Commitment to Physical AI
XPeng invested RMB 9.5 billion in R&D in 2025 (RMB 4.5 billion in AI). Management plans to increase physical AI-related R&D to RMB 7 billion in 2026, and guidance shows this investment is prioritized as R&D (not CapEx).
Q1 2026 Guidance
For Q1 2026, deliveries are guided to 61,000–66,000 units and revenue guided to RMB 12.2 billion–RMB 13.2 billion; March deliveries expected to grow sequentially 69%–101% month-over-month.
XPEV 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
XPEV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 20, 2026 | $19.15 | $17.55 | -8.36% |
Nov 17, 2025 | $25.01 | $22.43 | -10.32% |
Aug 19, 2025 | $19.90 | $20.74 | +4.22% |
May 21, 2025 | $19.69 | $22.25 | +13.00% |
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 XPeng, Inc. ADR (XPEV) report earnings?
XPeng, Inc. ADR (XPEV) is schdueled to report earning on May 27, 2026, Before Open (Confirmed).
What is XPeng, Inc. ADR (XPEV) earnings time?
XPeng, Inc. ADR (XPEV) earnings time is at May 27, 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 XPEV EPS forecast?
XPEV EPS forecast for the fiscal quarter 2026 (Q1) is -0.09.
