The earnings call highlighted strong vehicle delivery growth, successful product launches, and financial improvements, though faced with challenges in vehicle margins and supply chain constraints. The strategic focus on technology, market expansion, and operational efficiencies is expected to drive future growth.

Company Guidance

In the NIO Inc. Second Quarter 2025 Earnings Conference Call, the company provided several key metrics and guidance for the upcoming quarters. NIO delivered 72,056 smart EVs in Q2 2025, marking a 25.6% year-over-year increase. The company anticipates total deliveries for Q3 2025 to range between 87,000 and 91,000 vehicles, indicating a year-over-year growth of 40.7% to 47.1%. Financially, NIO reported total revenues of RMB19 billion, a 9% year-over-year and a 57.9% quarter-over-quarter increase, with vehicle sales contributing RMB16.1 billion. The vehicle gross margin remained stable at 10.3%, with a notable improvement in other sales margins. The non-GAAP operating loss narrowed by over 30% quarter over quarter. Looking forward, NIO aims for a Q4 vehicle gross margin of 16% to 17% and anticipates breakeven on a non-GAAP basis, with a quarterly delivery target of 150,000 units. Additionally, NIO has set a long-term vehicle gross margin target of 20% for the New brand and at least 15% for the Anvo brand. The company also plans to maintain R&D expenses at RMB2 billion per quarter and SG&A expenses within 10% of sales revenue to enhance financial performance.

Record Vehicle Deliveries

NIO delivered 72,056 smart EVs in Q2, up 25.6% year-over-year. Additionally, vehicle deliveries in July and August were 21,017 and 31,305 respectively.

Strong Sales Momentum

Total deliveries in Q3 are expected to range from 87,000 to 91,000, representing a new high of 40.7% to 47.1% growth year-over-year.

Financial Performance Improvement

Non-GAAP operating loss narrowed by more than 30% quarter-over-quarter, and vehicle sales increased by 62.3% quarter-over-quarter.

Innovative Product Launches

The launch of the Envoy L90 and the all-new ES8 generated strong market demand and boosted user confidence.

Market Expansion and Infrastructure

NIO operates 3,542 power swap stations worldwide and has provided over 84,000,000 swaps to users, covering major highways in China.

Positive User and Market Reception

Firefly and other models received high safety ratings, and NIO's products ranked top in J.D. Power's NEV quality studies.

Nio (NIO) 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

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NIO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 19, 2025	2025 (Q3)	-0.22 / -	-0.301	―	―	―
Sep 02, 2025	2025 (Q2)	-0.31 / -0.26	-0.31	16.29% (+0.05)	―
Jun 03, 2025	2025 (Q1)	-0.36 / -0.42	-0.336	-25.94% (-0.09)	―
Mar 21, 2025	2024 (Q4)	-0.32 / -0.45	-0.395	-12.81% (-0.05)	―
Nov 20, 2024	2024 (Q3)	-0.27 / -0.30	-0.32	6.14% (+0.02)	―
Sep 05, 2024	2024 (Q2)	-0.31 / -0.31	-0.461	32.62% (+0.15)	―
Jun 06, 2024	2024 (Q1)	-0.31 / -0.34	-0.352	4.78% (+0.02)	―
Mar 05, 2024	2023 (Q4)	-0.34 / -0.39	-0.431	8.47% (+0.04)	―
Dec 05, 2023	2023 (Q3)	-0.36 / -0.32	-0.296	-8.06% (-0.02)	―
Aug 29, 2023	2023 (Q2)	-0.42 / -0.46	-0.188	-144.78% (-0.27)	―

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

NIO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 02, 2025	$6.38	$6.58	+3.13%
Jun 03, 2025	$3.52	$3.53	+0.28%
Mar 21, 2025	$4.71	$4.50	-4.46%
Nov 20, 2024	$4.63	$4.65	+0.43%

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.