XPeng reported strong growth in deliveries and improved margins, driven by successful model launches and international expansion. While there were some revenue declines quarter-over-quarter and challenges with tariffs in the EU, the company maintains a positive outlook with continued advancements in AI and technology. XPeng anticipates further growth and profitability by the end of 2025.

Company Guidance -

Q2 2025

During XPeng's first quarter 2025 earnings call, the company provided robust guidance, showcasing significant growth metrics and future expectations. The company reported a record-breaking 94,008 vehicle deliveries, marking a 331% year-over-year increase, and achieving a gross margin of 15.6%, up from 14.4% in the previous quarter. XPeng's free cash flow exceeded RMB3 billion, and the company projected second-quarter deliveries between 102,000 and 108,000 units, which would represent a 237.7% to 257.5% year-over-year increase. Revenue for Q2 is expected to be between RMB17.5 billion to RMB18.7 billion, reflecting a 115.7% to 130.5% year-over-year growth. The company aims to achieve profitability in Q4 and anticipates generating substantial free cash flow for the year. XPeng's strategy includes a strong focus on AI-driven technology and product development, setting the stage for sustainable long-term growth.

Record Quarterly Deliveries

XPeng's Q1 2025 deliveries totaled 94,008 units, marking a 331% year-over-year increase and establishing a new historical record for quarterly deliveries.

Improved Gross Margin

The company achieved a record high overall gross margin of 15.6% in Q1 2025, with vehicle margin improving for seven consecutive quarters.

Successful Model Launches

The Mona M03 surpassed 100,000 deliveries, and the P7+ reached its 50,000th unit production just five months after launch. The G6 and G9 models delivered over 7,500 units in April.

Strong Overseas Growth

Overseas deliveries in Q1 2025 increased by more than 31,700 units year-over-year, with over 40 new stores opened abroad.

AI and Technology Advancements

Significant progress in AI capabilities, including Turing AI-assisted driving and the development of the Turing chip with three to seven times the effective compute power of mainstream automotive chips.

Positive Financial Outlook

Revenue is expected to grow 115.7% to 130.5% year-over-year in Q2, with anticipated profitability in Q4 2025.

XPeng, Inc. Class A (HK:9868) Earnings, Revenues Date & History

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HK:9868 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 26, 2025	2025 (Q2)	-0.82 / -	-1.483	―	―	―
May 21, 2025	2025 (Q1)	-1.64 / -0.76	-1.564	51.34% (+0.80)	―	―
Mar 18, 2025	2024 (Q4)	-1.69 / -1.51	-1.641	8.23% (+0.14)	―	―
Nov 19, 2024	2024 (Q3)	-2.31 / -2.05	-4.841	57.59% (+2.79)	―	―
Aug 20, 2024	2024 (Q2)	-1.83 / -1.48	-3.492	57.53% (+2.01)	―	―
May 21, 2024	2024 (Q1)	-2.61 / -1.56	-3.014	48.11% (+1.45)	―	―
Mar 19, 2024	2023 (Q4)	- / -	-3.128	―	―	―
Mar 19, 2024	2024 (Qnull)	-3.19 / -1.64	-3.128	47.54% (+1.49)	―	―
Nov 15, 2023	2023 (Q3)	-3.65 / -4.84	-3.027	-59.93% (-1.81)	―	―
Aug 18, 2023	2023 (Q2)	-2.41 / -3.49	-3.62	3.54% (+0.13)	―	―

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:9868 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 21, 2025	HK$77.55	HK$77.55	0.00%
Mar 18, 2025	HK$93.75	HK$95.10	+1.44%
Nov 19, 2024	HK$50.20	HK$51.95	+3.49%
Aug 20, 2024	HK$27.60	HK$27.55	-0.18%

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.