The earnings call reflected a predominantly positive sentiment with substantial growth in vehicle deliveries, improved gross profit margins, and a successful product launch. However, challenges remain with continued net losses and high R&D expenses.

Company Guidance

During the third quarter of 2024, XPeng Inc. reported a significant increase in vehicle deliveries, reaching 46,533 units, marking a 54% increase quarter-over-quarter and a 16% increase year-over-year. The company's gross profit margin improved to 15.3%, indicating a consistent upward trend over five consecutive quarters. Looking ahead to the fourth quarter of 2024, XPeng expects total vehicle deliveries to range between 87,000 and 91,000 units, translating to a quarter-over-quarter increase of 87% to 95.6% and a year-over-year rise of 44.6% to 51.3%. The projected total revenue for the fourth quarter is anticipated to be between RMB15.3 billion and RMB16.2 billion, reflecting a 51.5% to 60.4% increase from the previous quarter and a 17.2% to 24.1% increase year-over-year. The company also forecasts positive free cash flow for the second half of the year, with cash on hand expected to exceed RMB40 billion by year-end.

Record Vehicle Deliveries

XPeng delivered 46,533 units in Q3 2024, marking a 54% increase quarter-over-quarter and a 16% increase year-over-year. September's deliveries exceeded 20,000 units, setting a record high.

Improved Gross Profit Margin

The gross profit margin increased to 15.3% in Q3 2024, demonstrating continuous improvement for five consecutive quarters.

Successful Launch of P7+

The P7+ was officially launched, with firm orders exceeding 30,000 in one night, marking a significant milestone for AI-defined cars.

Expansion in Overseas Markets

XPeng's overseas sales increased by 70% sequentially in Q3 2024, accounting for 15% of total sales volume, with plans to expand to more than 300 international stores by 2025.

Positive Revenue Growth

Total revenues for Q3 2024 were RMB10.1 billion, an increase of 18.4% year-over-year and 24.5% quarter-over-quarter.

---

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

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HK:9868 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 10, 2025	2024 (Q4)	-2.10 / -	-1.641	―	―	―
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)	―	―
May 24, 2023	2023 (Q1)	-2.24 / -3.01	-2.356	-27.93% (-0.66)	―	―
Mar 17, 2023	2022 (Q4)	-2.42 / -3.13	0.221	-1515.38% (-3.35)	―	―

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
Nov 19, 2024	HK$50.20	HK$51.95	+3.49%
Aug 20, 2024	HK$27.60	HK$27.55	-0.18%
May 21, 2024	HK$34.25	HK$30.65	-10.51%
Mar 19, 2024	HK$40.50	HK$39.80	-1.73%

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.

---