The earnings call highlighted VinFast's strong delivery and revenue growth, successful international expansion, and strengthened financial position. However, concerns were noted regarding negative gross margins, increased warranty provision rates, and high cash burn. Despite these challenges, the company's strategic initiatives and growth potential indicate a positive outlook.

Company Guidance

During VinFast's Second Quarter 2025 financial results webcast, the company provided several key metrics and guidance. VinFast reported a 172% year-over-year increase in deliveries for Q2, totaling 35,837 units, and a 92% growth in revenue. For the first half of 2025, the company delivered 72,167 units, reflecting a 223% increase year-over-year. E-scooter deliveries also surged, with 69,580 units delivered in Q2, marking a 55% rise quarter-over-quarter and a 432% increase year-over-year. VinFast aims to double its 2024 delivery numbers by the end of 2025, supported by strong demand in Vietnam, international expansion, and new model launches like VF 6 and VF 7. The company also highlighted the strategic spin-off of its completed R&D assets, which is expected to bring in $1.6 billion in cash to support long-term growth. Despite a negative gross margin of 41% in Q2, the company anticipates improvement as new vehicle platforms and international operations scale.

Significant Delivery and Revenue Growth

VinFast reported a 172% year-over-year delivery growth and a 92% year-over-year revenue growth in Q2 2025.

Expansion of Manufacturing Capacity

The company inaugurated two new factories in Vietnam and India, significantly increasing their design capacity.

Strong Growth in E-Scooter Deliveries

E-scooter and electric bike deliveries rose by 55% quarter-over-quarter and 432% year-over-year in Q2 2025.

Successful International Expansion

VinFast launched pre-booking in India and expanded its presence in Southeast Asia with strategic partnerships in Indonesia and the Philippines.

Strengthened Financial Position

VinFast's financial position was bolstered by a $1.6 billion spin-off of completed R&D assets to a new entity, Novatech.

VinFast Auto (VFS) Earnings, Revenues Date & History

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VFS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 02, 2025	2025 (Q3)	- / -	-0.23	―	―	―
Sep 04, 2025	2025 (Q2)	-0.29 / -1112.93	-0.33	-337152.73% (-1112.60)
Jun 09, 2025	2025 (Q1)	- / -	-0.26	―	―
Apr 24, 2025	2024 (Q4)	-0.28 / -0.30	-0.26	-15.38% (-0.04)
Nov 26, 2024	2024 (Q3)	-0.27 / -0.23	-0.27	14.81% (+0.04)
Sep 20, 2024	2024 (Q2)	-0.21 / -0.33	-0.23	-43.48% (-0.10)
Apr 17, 2024	2024 (Q1)	-0.23 / -0.26	0.006	-4433.33% (-0.27)
Feb 22, 2024	2023 (Q4)	-0.23 / -0.28	0.015	-1966.67% (-0.30)	―
Oct 05, 2023	2023 (Q3)	- / -0.27	0.003	-9100.00% (-0.27)
Sep 21, 2023	2023 (Q2)	- / -0.23	0.008	-2975.00% (-0.24)

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

VFS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Sep 04, 2025	$3.40	$3.33	-2.06%
Jun 09, 2025	$3.42	$3.57	+4.39%
Apr 24, 2025	$3.23	$3.32	+2.79%
Nov 26, 2024	$3.93	$3.95	+0.51%

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.