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Ehang Holdings Ltd (EH)
NASDAQ:EH
Earnings Data
Report Date
Jun 03, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.17Last Year’s EPS
-0.08Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted multiple important commercialization and operational milestones — record deliveries, strong Q4 revenue growth, expanding manufacturing capacity, improved gross margins, first quarterly GAAP profit, imminent public commercial flights in China, and tangible progress on international Sandbox efforts. Key risks noted include rising operating expenses, early-stage and modest unit economics for passenger operations, dependence on regulatory approvals and training scalability, a multi-year timeline for VT35 certification, and currently limited overseas revenue contribution. On balance, the positives (delivery and revenue milestones, margin improvements, capacity expansion, certification and commercial launch progress) outweigh the near-term challenges and execution risks.Company Guidance
Record Quarterly Deliveries and Sales Volume
Q4 deliveries reached 100 eVTOL units (95 EH216 series and 5 VT35 series), marking the first quarter with 100 units delivered and contributing to a full-year record of 221 units delivered (215 EH216, 6 VT35).
Strong Revenue Growth — Q4 and Full Year
Q4 revenue was RMB 243.8 million, up 48.4% year-over-year and 163.6% sequentially. Full-year revenue was RMB 509.5 million, up 11.7% year-over-year and in line with company guidance.
Improved Profitability and Margins
Company achieved first-ever quarterly GAAP profitability with Q4 net income of RMB 10.5 million. Adjusted operating income in Q4 was RMB 54.3 million (up 99.5% YoY) and adjusted net income in Q4 was RMB 71.5 million (up 96.4% YoY). Full-year adjusted net income was RMB 29.4 million (second consecutive year of non-GAAP profitability).
High and Improving Gross Margins
Q4 gross margin was 62.1% (up from 60.7% in Q4 2024 and 60.8% in Q3 2025). Full-year gross margin was 62.0%, improving from 61.4% in 2024, reflecting scale and cost efficiency gains.
Commercial Launch Milestone — EH216-S Public Service
EHang announced launch of ticketed commercial EH216-S pilotless flights to the public (Guangzhou HQ and Luogang Park in Hefei) in March, with early bird ticket pricing at RMB 299 and initial fleets of ~6–10 aircraft per site.
Manufacturing Capacity Expansion
Phase II expansion of Yunfu production facility completed, increasing planned annual capacity to 1,000 eVTOL units; additional facilities in Hefei, Weihai and Beijing progressing as planned.
Supply Chain and Quality Performance
Core supplier system stable with a 100% on-time delivery rate for key components in Q4; quality management audits (EN9100) passed and post-certification airworthiness review achieved third zero-defect pass.
Global Regulatory and Market Progress
Thailand AAM Sandbox progress nearing first overseas commercial operation license for pilotless EH216-S; company expects potential Thailand commercial starts in Q2 2026 and projects overseas revenue to rise from low-single-digit % in 2025 to potentially double-digit % of revenue in 2026 if progress continues.
R&D and Product Milestones
VT35 completed critical tests (multicopter-protected transition, locked-prop fixed-wing flights) and held first type certification team meeting with CAAC. Nonpassenger programs advanced — GD4.0 achieved Guinness World Record with 22,580 drones simultaneously, and 8 firefighting aircraft delivered in December.
2026 Financial Guidance
Company provided 2026 revenue guidance of RMB 600 million, implying ~18% year-over-year growth, signaling confidence in continued commercialization and expansion.
EH 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
EH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 12, 2026 | $12.27 | $12.11 | -1.30% |
Nov 26, 2025 | $13.43 | $13.63 | +1.49% |
Aug 26, 2025 | $17.79 | $16.45 | -7.53% |
Mar 12, 2025 | $22.45 | $21.63 | -3.65% |
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 Ehang Holdings Ltd (EH) report earnings?
Ehang Holdings Ltd (EH) is schdueled to report earning on Jun 03, 2026, Before Open (Confirmed).
What is Ehang Holdings Ltd (EH) earnings time?
Ehang Holdings Ltd (EH) earnings time is at Jun 03, 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 EH EPS forecast?
EH EPS forecast for the fiscal quarter 2026 (Q1) is -0.17.
