The earnings call indicated a robust performance with significant growth in deliveries, revenue, and gross margins. Strategic expansions and partnerships, along with successful new model launches, position XPeng well for future growth. However, challenges remain with net losses and market competition pressures.

Company Guidance

During XPeng's Second Quarter 2025 earnings call, the company reported record high performance across several key metrics. Deliveries reached 103,181 units, marking a 242% year-over-year increase. The vehicle gross margin rose by 3.8 percentage points quarter-over-quarter to 14.3%, contributing to an overall gross margin of 17.3%. The company's free cash flow exceeded RMB 2 billion, with total cash on hand surpassing RMB 47.5 billion. For the third quarter, XPeng forecasts deliveries between 113,000 to 118,000 units, representing a year-over-year growth of 142.8% to 153.6%, and projects revenue to reach between RMB 19.6 billion and RMB 21 billion, indicating a 94% to 107.9% increase year-over-year. The company aims for sustainable profitability, with a focus on expanding market share and leveraging disruptive AI innovations over the next three years.

Record Deliveries and Revenue Growth

Deliveries reached 103,181 units, a 242% increase year-over-year. Total revenues were RMB 18.27 billion for the second quarter of 2025, an increase of 125.3% year-over-year.

Improved Gross Margins

Vehicle gross margin increased by 3.8 percentage points quarter-over-quarter to 14.3%. Overall gross margin improved to 17.3%.

Strong Cash Position

Free cash flow in Q2 exceeded RMB 2 billion, and total cash on hand surpassed RMB 47.5 billion.

Successful New Model Launches

The G7 model featuring in-house developed Turing AI SoC became a top seller, and the new P7 received strong presales orders.

Expansion and Strategic Partnerships

Cooperation with Volkswagen expanded to include ICEV models. Overseas deliveries increased by over 200% year-over-year.

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
Nov 13, 2025	2025 (Q3)	-0.09 / -	-0.267	―	―	―
Aug 19, 2025	2025 (Q2)	-0.11 / -0.07	-0.19	63.24% (+0.12)	―
May 21, 2025	2025 (Q1)	-0.21 / -0.10	-0.203	51.72% (+0.10)	―
Mar 18, 2025	2024 (Q4)	-0.22 / -0.20	-0.211	7.28% (+0.02)	―
Nov 19, 2024	2024 (Q3)	-0.30 / -0.27	-0.628	57.46% (+0.36)	―
Aug 20, 2024	2024 (Q2)	-0.24 / -0.19	-0.454	58.15% (+0.26)	―
May 21, 2024	2024 (Q1)	-0.34 / -0.20	-0.379	46.49% (+0.18)	―
Mar 19, 2024	2023 (Q4)	- / -	-2.74	―	―
Mar 19, 2024	2024 (Qnull)	-0.41 / -0.21	-0.383	44.89% (+0.17)	―	―
Nov 15, 2023	2023 (Q3)	-0.48 / -0.63	-0.387	-62.09% (-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

XPEV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 19, 2025	$19.90	$20.74	+4.22%
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%

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.