The earnings call highlighted NIO's strong sales growth, technological advancements, and expansion of its charging network. Despite challenges such as a decline in vehicle margin and battery supply constraints, the company demonstrated a positive outlook with projected growth in deliveries and improved operational efficiencies.

Company Guidance

During NIO Inc.'s Second Quarter 2025 Earnings Conference Call, the company provided significant guidance metrics. NIO delivered 72,056 smart electric vehicles (EVs) in Q2 2025, marking a 25.6% year-over-year increase. For Q3, NIO anticipates total deliveries ranging from 87,000 to 91,000 units, representing year-over-year growth between 40.7% and 47.1%. The vehicle gross margin remained stable, while non-GAAP operating loss narrowed by over 30% quarter-over-quarter. NIO also highlighted the success of its new models, the Envoy L90 and the all-new ES8, which have driven strong market demand. The company aims for a Q4 breakeven on a non-GAAP basis, with a target vehicle gross margin of 16-17% and a 20% gross margin for the Envoy L90 and ES8. NIO's strategic focus on technological advancements, cost efficiencies, and multi-brand strategies are expected to support sustained growth and market competitiveness.

Record Vehicle Deliveries

In Q2, NIO delivered 72,056 smart EVs, marking a 25.6% year-over-year increase. August alone saw 31,305 deliveries.

Projected Growth in Deliveries

NIO expects Q3 deliveries to range from 87,000 to 91,000, indicating a growth of 40.7% to 47.1% year-over-year.

Non-GAAP Operating Loss Reduction

The non-GAAP operating loss narrowed by more than 30% quarter over quarter.

Technological Advancements

NIO launched its in-house developed smart driving chip and vehicle operating system, marking the industry's first full-function delivery on a self-developed flagship smart driving chip.

Strong Sales and Market Reception

Models like the Envoy L90 and all-new ES8 have seen significant market demand, boosting brand recognition and sales.

Charging and Swapping Network Expansion

NIO operates 3,542 power swap stations worldwide and has completed over 84 million swaps, covering major highways in China.

Financial Performance

Total revenues reached RMB 19 billion, with a 9% year-over-year increase and a 57.9% quarter-over-quarter increase.

NIO Inc. Class A (HK:9866) Earnings, Revenues Date & History

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HK:9866 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 19, 2025	2025 (Q3)	-1.74 / -	-2.3	―	―	―
Sep 02, 2025	2025 (Q2)	-2.42 / -2.02	-2.427	16.77% (+0.41)	―	―
Jun 03, 2025	2025 (Q1)	-2.75 / -3.28	-2.576	-27.48% (-0.71)	―	―
Mar 21, 2025	2024 (Q4)	-2.43 / -3.40	-3.053	-11.33% (-0.35)	―	―
Nov 20, 2024	2024 (Q3)	-2.10 / -2.30	-2.495	7.82% (+0.20)	―	―
Sep 05, 2024	2024 (Q2)	-2.40 / -2.43	-3.53	31.25% (+1.10)	―	―
Jun 06, 2024	2024 (Q1)	-2.38 / -2.58	-2.762	6.73% (+0.19)	―	―
Mar 05, 2024	2023 (Q4)	-2.61 / -3.05	-3.5	12.77% (+0.45)	―	―
Dec 05, 2023	2023 (Q3)	-2.79 / -2.50	-2.284	-9.24% (-0.21)	―	―
Aug 29, 2023	2023 (Q2)	-3.23 / -3.53	-1.509	-133.93% (-2.02)	―	―

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

HK:9866 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 02, 2025	HK$52.95	HK$51.05	-3.59%
Jun 03, 2025	HK$27.50	HK$27.50	0.00%
Mar 21, 2025	HK$39.35	HK$35.90	-8.77%
Nov 20, 2024	HK$37.80	HK$36.40	-3.70%

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.