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NIO Inc
wrote a column · Sep 1 18:08

Nio releases Q2 2026 earnings report, marking three consecutive quarters of profitability

On September 1, Nio released its Q2 2026 earnings report. The company reported an operating profit of RMB 210 million for the quarter, achieving profitability for three consecutive quarters.
Total revenue for Q2 reached RMB 32.14 billion, a year-over-year increase of 69.1%. Gross profit totaled RMB 5.91 billion, up 211.3% year over year. The company's overall gross margin for Q2 was 18.4%, an increase of 8.4 percentage points year over year. Vehicle gross margin stood at 18.5%, up 8.2 percentage points year over year, while other sales gross margin was 17.0%, rising 8.8 percentage points year over year.
Total revenue for the first half of the year amounted to RMB 57.67 billion, representing an 85.8% year-over-year increase. Gross profit for the first half reached RMB 10.77 billion, surging 282.2% year over year. Cash reserves in Q2 rose to RMB 56.7 billion, an increase of RMB 8.5 billion quarter over quarter, marking four consecutive quarters of positive operating cash flow.
Delivery guidance for Q3 2026 is set between 108,000 and 111,000 units, representing a year-over-year growth of 24.0% to 27.5%. Revenue guidance is projected at RMB 33.29 billion to RMB 34.05 billion, reflecting a year-over-year increase of 52.7% to 56.2%.
Check the infographic below for key highlights from the Q2 2026 earnings report. We continue to strive forward—let's power up together!
On September 1, Nio released its Q2 2026 earnings report. The company reported an operating profit of RMB 210 million for the quarter, achieving profitability for three consecutive quarters. Total revenue for Q2 reached RMB 32.14 billion, a year-over-year increase of 69.1%. Gross profit totaled RMB 5.91 billion, up 211.3% year over year. The company's overall gross margin for Q2 was 18.4%, an increase of 8.4 percentage points year over year. Vehicle gross margin stood at 18.5%, up 8.2 percentage points year over year, while other sales gross margin was 17.0%, rising 8.8 percentage points year over year. Total revenue for the first half of the year amounted to RMB 57.67 billion, representing an 85.8% year-over-year increase. Gross profit for the first half reached RMB 10.77 billion, surging 282.2% year over year. Cash reserves in Q2 rose to RMB 56.7 billion, an increase of RMB 8.5 billion quarter over quarter, marking four consecutive quarters of positive operating cash flow. Delivery guidance for Q3 2026 is set between 108,000 and 111,000 units, representing a year-over-year growth of 24.0% to 27.5%. Revenue guidance is projected at RMB 33.29 billion to RMB 34.05 billion, reflecting a year-over-year increase of 52.7% to 56.2%. Check the infographic below for key highlights from the Q2 2026 earnings report. We continue to strive forward—let's power up 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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