XPeng Inc. (XPEV) Earnings Call Transcripts
XPeng Inc.'s Latest Earnings Call - Q1 FY2026
In the first quarter of 2026, XPeng Inc. (XPEV:US) reported total revenues of RMB 13.03 billion, a decrease of 17.6% year-over-year and 41.4% quarter-over-quarter, primarily due to lower vehicle deliveries. The company experienced a net loss of RMB 1.78 billion, compared to a net profit in the previous quarter, signaling challenges in the current market environment. However, management provided optimistic guidance for Q2, expecting deliveries between 100,000 and 106,000 units, which would represent a quarter-over-quarter growth of over 60%, alongside projected revenues of RMB 19.6 billion to RMB 20.8 billion, indicating a potential recovery in performance.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | RMB 13.03 billion (miss) |
| Net Loss | RMB 1.78 billion (miss) |
| Vehicle Deliveries | 62,680 units (miss) |
| Gross Margin | 20.6% (inline) |
| Vehicle Margin | 12.1% (inline) |
| R&D Expenses | RMB 2.91 billion (negative) |
Guidance from management
For Q2 2026, XPeng expects deliveries of 100,000 to 106,000 units and revenue of RMB 19.6 billion to RMB 20.8 billion, indicating a strong recovery from Q1 performance.
What management said
Okay. So thank you once again for joining us today. If you have further questions, please feel free to contact Xpeng's Investor Relations through the contact information provided on our website or the Pearson Financial Communications. .
What analysts pressed on
Analysts expressed concerns over the significant quarterly decline in vehicle deliveries and the impact of rising raw material costs on gross margins. There were also questions regarding the sustainability of the new model launches and their contribution to profitability.
Main topics on the call
- Delivery Growth Expectations — Management expects Q2 deliveries to reach between 100,000 and 106,000 units, reflecting a quarter-over-quarter growth of over 60%. CEO He Xiaopeng stated, "I believe XPeng is entering the strongest delivery growth trajec...
- New Model Launches — XPeng launched the GX model in May 2026, which has seen strong initial demand with over 80% of orders for the flagship version. Management noted that the GX is expected to be a top-selling vehicle in the high-end luxury ...
- International Expansion — Management highlighted that international revenue is expected to exceed 20% of total revenue in Q2, with a target of sustained monthly overseas deliveries of over 10,000 units by Q4. This reflects a strategic pivot towar...
- Financial Performance Challenges — XPeng reported a net loss of RMB 1.78 billion for Q1 2026, a significant decline from a net profit in the previous quarter. This was attributed to lower vehicle deliveries and increased costs, indicating financial pressu...
Read the full XPeng Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About XPeng Inc.
XPeng Inc. (XPEV) is a publicly listed company in the Automobiles industry, within the Consumer Discretionary sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 27 calls on record spanning November 12, 2020 to May 28, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 27 XPeng Inc. earnings call transcripts on record, spanning November 12, 2020 to May 28, 2026. Based on this history, XPeng Inc. reports quarterly. The most recent call on file is dated May 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- XPEV
- Exchange
- NYSE
- Country
- US
- Sector
- Consumer Discretionary
- Industry
- Automobiles
- Calls on record
- 27
- First call
- November 12, 2020
- Most recent
- May 28, 2026
- Reporting cadence
- quarterly