Li Auto (LI) Stock Falls as Q2 Earnings Miss and Q3 Guidance Disappoints
TLDR
- Li Auto posted a Q2 EPS loss of $0.11, worse than the $0.06 loss Wall Street expected
- Q2 revenue came in at $3.8 billion, a year-over-year drop from $4.2 billion
- Vehicle deliveries fell 11% year over year to 98,330 units in Q2
- Vehicle margin collapsed to 9.4%, down from 19.4% a year ago
- Q3 revenue guidance of roughly $4 billion came in well below the $4.9 billion analyst consensus
Li Auto stock fell about 1% in premarket trading on Wednesday after the Chinese EV maker reported its second-quarter 2026 results, with a bottom-line miss and weak forward guidance driving the move.
The company posted Q2 revenue of $3.8 billion, edging past the consensus estimate of $3.7 billion. But on the bottom line, Li recorded a loss of $0.11 per share, wider than the $0.06 loss analysts had expected. A year ago, Li earned roughly $0.10 per share on $4.2 billion in revenue.
Li Auto reports Q2 2026 financial results:
• Deliveries: 98,330 units (-11.5% YoY)
• Revenue: RMB 25.67B ($3.78B), down 15.1% YoY | Vehicle revenue: RMB 24.07B (+11.8% QoQ)
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