Hong Kong · Delayed Price · Currency is HKD Xiaomi Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw revenue of RMB 99.1 billion and adjusted net profit of RMB 6.1 billion, with strong global smartphone and IoT performance despite rising memory costs. AI and EV segments advanced with new product launches and robust R&D, while share buybacks and ESG achievements reinforced long-term confidence.
Fiscal Year 2025
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Record revenue and profit growth driven by strong smartphone, IoT, and EV performance, with major advances in AI and premiumization. Rising memory costs and global uncertainties pose challenges, but robust R&D and capital allocation support continued expansion.
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Q3 2025 saw revenue up 22.3% year-on-year to RMB 113.1 billion and record net profit, with strong growth across smartphones, IoT, and EVs. Premiumization and global expansion continue, while rising memory costs and subsidy changes pose margin risks.
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Q2 2025 delivered record revenue and profit, driven by strong growth in smartphones, AIoT, and EVs, with premiumization and global expansion as key strategies. Gross margins improved across segments, though cost pressures and intense competition remain.
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Q1 2025 saw record revenue and profit, driven by strong growth in smartphones, IoT, and EVs, with significant advances in AI and chip technology. Premiumization and global expansion remain key, while R&D and efficiency gains support future growth.
Fiscal Year 2024
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Record revenue and profit growth in 2024 driven by strong performance in smartphones, IoT, and smart EVs, with significant advances in premiumization and global expansion. High R&D investment and management reforms support future growth, with ambitious targets for 2025.
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Q3 2024 saw revenue rise 30.5% year-over-year to CNY 92.5 billion, with strong growth in handsets, IoT, and vehicles. Gross margin improved to 20.4%, and net profit after adjustment reached CNY 6.3 billion. Premiumization and global expansion remain key growth drivers.
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Q2 2024 saw record revenue and profit growth, driven by strong smartphone, IoT, and EV performance. EV deliveries and margins exceeded expectations, prompting an upward revision of annual targets. Premiumization, global expansion, and robust cash reserves support continued growth.