XPeng (XPEV) Stock Drops 4% After Q2 Miss But Robotics Arm Raises $900M
TLDR
- XPeng reported a Q2 loss of RMB1.29 per share, far wider than the RMB0.29 analysts expected
- Revenue came in at RMB19.74 billion, up 8% year-over-year but below the RMB20.57 billion estimate
- Stock fell 3.5% in U.S. premarket trading following the results
- The robotics subsidiary Dogotix raised nearly $915 million, backed by IDG Capital, Tencent, and Alibaba
- XPeng guided Q3 revenue between RMB21.7 billion and RMB23.4 billion
XPeng fell 3.5% in U.S. premarket trading Monday after the Chinese EV maker posted Q2 results that came in below Wall Street’s expectations on both the top and bottom lines.
The company reported a Q2 loss of RMB1.29 per share. That was well ahead of the RMB0.29 loss analysts had penciled in.
Revenue for the quarter reached RMB19.74 billion. That was up 8% year-over-year and 51.5% quarter-over-quarter, but still short of the RMB20.57 billion consensus estimate.
Today, we announced XPENG’s Q2 2026 financial results, marked by strong quarterly expansion: 103,295 smart EVs delivered (+64.79% QoQ / +0.11% YoY), RMB 19.74B in total revenue (+51.5% QoQ / +8.0% YoY), and gross margin increasing to 20.7% (+3.4 pp YoY).
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