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NIO Inc
wrote a column · May 21 18:00 ·

Nio released its first-quarter 2026 financial results, marking its second consecutive profitable quarter

On May 21, Nio released its first-quarter 2026 financial results. The company reported an operating profit of RMB 668 million for the quarter, achieving profitability for the second consecutive quarter.
Total revenue for the first quarter reached RMB 25.53 billion, up 112.2% year-over-year. Gross profit totaled RMB 4.86 billion, surging 428.4% year-over-year. The company’s overall gross margin stood at 19.0% for the quarter, the highest in four years. Vehicle gross margin reached 18.8%, marking the fourth consecutive quarter of sequential improvement and hitting a four-year high. Gross margin from other sales reached 20.6%, also a four-year high. Cash reserves rose to RMB 48.2 billion in the first quarter, with positive operating cash flow maintained for the third consecutive quarter.
Nio provided second-quarter 2026 delivery guidance of 110,000 to 115,000 vehicles, representing year-over-year growth of 52.7% to 59.6%. Revenue guidance was set between RMB 32.78 billion and RMB 34.44 billion, reflecting year-over-year growth of 72.4% to 81.2%.
Check out the infographic below for key highlights from Nio’s first-quarter 2026 financial results. We’ll keep pushing forward—let’s charge ahead together!
On May 21, Nio released its first-quarter 2026 financial results. The company reported an operating profit of RMB 668 million for the quarter, achieving profitability for the second consecutive quarter. Total revenue for the first quarter reached RMB 25.53 billion, up 112.2% year-over-year. Gross profit totaled RMB 4.86 billion, surging 428.4% year-over-year. The company’s overall gross margin stood at 19.0% for the quarter, the highest in four years. Vehicle gross margin reached 18.8%, marking the fourth consecutive quarter of sequential improvement and hitting a four-year high. Gross margin from other sales reached 20.6%, also a four-year high. Cash reserves rose to RMB 48.2 billion in the first quarter, with positive operating cash flow maintained for the third consecutive quarter. Nio provided second-quarter 2026 delivery guidance of 110,000 to 115,000 vehicles, representing year-over-year growth of 52.7% to 59.6%. Revenue guidance was set between RMB 32.78 billion and RMB 34.44 billion, reflecting year-over-year growth of 72.4% to 81.2%. Check out the infographic below for key highlights from Nio’s first-quarter 2026 financial results. We’ll keep pushing forward—let’s charge ahead together!
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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