The earnings call reflects a strong performance in terms of delivery growth and international expansion. Despite a slight quarter-over-quarter revenue decline and increased expenses, the significant year-over-year growth and strategic advancements in AI and technology suggest a positive trajectory. The sentiment is tempered by ongoing net losses.

Company Guidance -

Q2 2025

In the call, XPeng Inc. provided guidance on their impressive performance and future outlook. For the first quarter of 2025, XPeng achieved record deliveries of 94,008 units, a 331% year-over-year increase, setting a historical high for quarterly deliveries. Their vehicle gross margin continued to improve for the seventh consecutive quarter, reaching a record high of 15.6%, with a significant narrowing of net loss compared to the previous quarter. XPeng's free cash flow exceeded RMB3 billion, and they expect Q2 vehicle deliveries to range from 102,000 to 108,000 units, reflecting a year-over-year increase of 237.7% to 257.5%. Revenue for the second quarter is expected to be between RMB17.5 billion to RMB18.7 billion, representing a year-over-year growth of 115.7% to 130.5%. The company anticipates achieving profitability by Q4 2025, driven by enhanced vehicle margins, a favorable product mix, and continued improvements in scale and cost reduction.

Record Q1 Deliveries

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

Improved Gross Margin

Vehicle gross margin has improved for seven consecutive quarters, with the company's overall gross margin reaching a record high of 15.6% in Q1 2025.

Strong Free Cash Flow

Free cash flow exceeded RMB3 billion in Q1 2025.

International Expansion Success

Overseas deliveries soared by more than 31,700 year-over-year. XPeng opened over 40 new stores abroad, entering key markets such as the U.K. and Indonesia.

Advanced AI and Technology Development

XPeng is spearheading integrated innovations powered by AI, including Turing AI-assisted driving and the development of Turing chips.

Strong Revenue Growth Forecast

For Q2 2025, XPeng estimates total vehicle deliveries between 102,000 and 108,000 units, with revenue expected to be between RMB17.5 billion and RMB18.7 billion, reflecting significant year-over-year growth.

XPeng, Inc. ADR (XPEV) Earnings, Revenues Date & History

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XPEV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 19, 2025	2025 (Q2)	-0.11 / -	-0.189	―	―	―
May 21, 2025	2025 (Q1)	-0.21 / -0.10	-0.202	51.72% (+0.10)	―
Mar 18, 2025	2024 (Q4)	-0.22 / -0.19	-0.21	7.28% (+0.02)	―
Nov 19, 2024	2024 (Q3)	-0.29 / -0.27	-0.625	57.46% (+0.36)	―
Aug 20, 2024	2024 (Q2)	-0.24 / -0.19	-0.453	58.15% (+0.26)	―
May 21, 2024	2024 (Q1)	-0.33 / -0.20	-0.377	46.49% (+0.18)	―
Mar 19, 2024	2023 (Q4)	- / -	-2.74	―	―
Mar 19, 2024	2024 (Qnull)	-0.41 / -0.21	-0.382	44.89% (+0.17)	―	―
Nov 15, 2023	2023 (Q3)	-0.47 / -0.63	-0.386	-62.09% (-0.24)	―
Aug 18, 2023	2023 (Q2)	-0.31 / -0.45	-0.44	-2.85% (-0.01)	―

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

XPEV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 21, 2025	$19.69	$22.25	+13.00%
Mar 18, 2025	$24.56	$22.64	-7.82%
Nov 19, 2024	$13.01	$12.52	-3.77%
Aug 20, 2024	$7.20	$6.77	-5.97%

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.