NIO beats Q2 earnings but misses on revenue expectations

NIO Inc., the Chinese electric vehicle manufacturer, delivered strong second quarter financial results, beating expectations for adjusted earnings per share by a substantial margin. However, the company's revenue fell short of analyst projections. Adjusted EPS for the period reached RMB0.01, surpassing estimates of -RMB0.32 by RMB0.33.

Revenue for Q2 amounted to RMB32.14 billion, a 69.1% year-over-year increase, yet it fell short of the consensus estimate of RMB33.4 billion. Despite this, NIO's vehicle deliveries surged by 49.4% year-over-year, reaching 107,658 units, and the company's gross margin expanded to 18.4% from 10.0% YoY. The company's cash reserves strengthened to RMB56.7 billion by June 30, 2026.

NIO expects deliveries for the third quarter to range between 108,000 and 111,000 vehicles, with revenue guidance between RMB33.285 billion and RMB34.051 billion, suggesting roughly 54.5% year-over-year growth.