XPENG Q1 Earnings Call Highlights

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Thu, May 28, 2026 astatine 12:07 PM CDT 8 min read

Key Points

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XPeng expects a beardown Q2 rebound, guiding for deliveries of 100,000 to 106,000 vehicles and gross of RMB 19.6 cardinal to RMB 20.8 cardinal aft a anemic archetypal quarter. First-quarter gross fell 17.6% twelvemonth implicit year, and the institution posted a nett nonaccomplishment of RMB 1.78 billion.
The institution is broadening beyond EVs into “physical AI”, with CEO He Xiaopeng saying XPeng is transforming from a astute EV shaper into a carnal AI company. Management highlighted plans for Robotaxis and humanoid robots, including aviator Robotaxi operations successful Guangzhou and wide accumulation of the IRON humanoid robot by year-end.
International enlargement and caller models are becoming cardinal maturation drivers, with overseas deliveries topping 6,000 units successful April and planetary gross expected to transcend 20% of full gross starting successful Q2. XPeng besides highlighted the GX SUV motorboat and said its caller models and localized accumulation successful Europe and Southeast Asia should enactment higher margins and measurement growth.

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XPENG (NYSE:XPEV) said it expects a crisp rebound successful second-quarter deliveries aft a weaker archetypal quarter, portion absorption outlined a broader propulsion to presumption the institution astir “physical AI” applications including precocious operator assistance, Robotaxis and humanoid robots.

Co-founder, Chairman and CEO He Xiaopeng said connected the company’s first-quarter 2026 net telephone that XPeng formally changed its authoritative Chinese sanction from XPeng Motors to XPeng Group, reflecting what helium described arsenic a translation “from a astute EV institution to a carnal AI company.” He said the company’s astute EV concern is expected to stay the instauration for growth, profitability and currency flow, portion caller AI-driven businesses could go further gross sources.

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“Physical AI applications correspond 1 of the astir important planetary strategical opportunities of the adjacent decade,” He said done a translator. He said helium plans to pb efforts this twelvemonth to bring Robotaxis and humanoid robots into wide accumulation portion gathering the commercialized ecosystems astir them.

First-quarter gross declines arsenic deliveries autumn

XPeng delivered 62,682 vehicles successful the archetypal quarter. James Wu, vice president of concern and accounting, said full gross was RMB 13.03 billion, down 17.6% twelvemonth implicit twelvemonth and 21.4% from the anterior quarter. Vehicle income gross was RMB 11 billion, down 23.5% twelvemonth implicit twelvemonth and 42.3% sequentially, which Wu attributed chiefly to little conveyance deliveries.

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