Q1 2026 Xpeng Inc Earnings Call Transcript

May 28, 2026 / 11:00 AM GMT

Release Date Price: $8.51 (+1.67%)

Transcript

Key Points

Positve

XPeng Inc (XPEV) has successfully transitioned from a smart EV company to a physical AI company, focusing on AI-driven growth.
The company delivered 62,682 vehicles in Q1 2026, with expectations of significant delivery growth in the coming quarters.
XPeng Inc (XPEV) launched the GX, China's first pre-installed mass-produced robotaxi model, with strong initial demand.
International expansion is accelerating, with overseas deliveries expected to exceed 20% of total revenue starting Q2 2026.
The Mona M03 remains China's top-selling A-Class pure electric sedan for 19 consecutive months, showcasing strong market presence.

Negative

Total revenues for Q1 2026 decreased by 17.6% year-over-year and 41.4% quarter-over-quarter, indicating financial challenges.
Vehicle sales revenue decreased by 23.5% year-over-year and 42.3% quarter-over-quarter due to lower vehicle deliveries.
Net loss for Q1 2026 was $1.78 billion, compared to a net loss of $0.66 billion year-over-year, highlighting financial strain.
Higher unit vehicle costs due to increased memory chip and battery-related costs impacted gross margins negatively.
The company faces challenges in scaling up production capacity and maintaining supply chain efficiency for new models.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

9868.HK - Xpeng Inc
Q1 2026 Xpeng Inc Earnings Call
May 28, 2026 / 11:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hello, ladies and gentlemen.

Thank you for standing by for the first quarter 2026 earnings conference call for XPAR Inc.

At this time, all participants are in listen-only mode.

After management's remarks, there will be a question-and-answer session.

Today's conference call is being recorded.

I'll now turn the call over to your host, Mr. Alex Z, Head of Investor Relations and Capital Markets at the company. Please go ahead, Alex.

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Unidentified_2 [2]
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Thank you. Hello, everyone, and welcome to Exxon's first-quarter 2026 earnings

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