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EarningsQ2 2026 Earnings Report
ECX Q2 2026 EPS Results
Actual EPS-$0.03
Consensus EPS-$0.03
Beat/MissBeat by +<$0.01
One Year Ago EPS-$0.14
ECX Q2 2026 Revenue Results
Actual Revenue$225.20M
Expected Revenue$229.75M
Beat/MissMissed by -$4.55M
YoY Revenue Growth+45.50%
Earnings Announcement Details
QuarterQ2 2026
Date08/11/2026
TimeBefore Open
Conference CallTuesday, August 11, 2026
ECX Upcoming Earnings
ECARX Holdings's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
ECX Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive operational and financial momentum: strong sequential and year-over-year revenue growth, improved gross margin, significant uptake of high-end products (Antora and Pikes), operating cost reductions, global expansion and strategic asset additions (Flyme, ORCA LiDAR partnership, Qualcomm tie-up). Offsetting risks include declining software revenue today, potential margin pressure from rising memory costs (and related pass-through dynamics), a sequential dip in adjusted EBITDA driven by non-recurring items in the prior quarter, and lingering China market softness. On balance, highlights materially outweigh the lowlights, but key margin and software revenue dynamics warrant monitoring.Company Guidance
Strong Revenue Rebound
Total revenue increased 45% year-over-year and 71% sequentially (Q2 vs Q1); company reaffirmed full-year 2026 revenue guidance of $1.0B–$1.1B.
Sales of Goods Growth
Sales of goods revenue was $196 million, up 73% sequentially and 50% year-over-year, driven by higher-value product shipments and new model launches.
Improved Gross Margin and Gross Profit
Gross profit was $44.5 million and gross margin expanded to 19.8% from 10.8% in the same quarter last year.
Unit Shipment Recovery and Mix Shift
Shipments were ~550,000 units, up 51% quarter-on-quarter (but 2% lower YoY). High-end Antora and Pikes products now represent 42% of shipments, improving ASP and revenue quality.
High-End Product Momentum
Antora shipments increased 92% QoQ and 52% YoY; Pikes shipments increased 43% QoQ and over 2,000% YoY, reflecting successful shift to higher-margin, fully ECARX-architected solutions.
Operating Efficiency and Cost Discipline
Operating expenses declined 11% year-over-year despite 45% revenue growth, contributing to improved operating leverage.
Sustained Profitability Milestone
Company delivered its fourth consecutive quarter of positive adjusted EBITDA, despite a QoQ decline to $0.5M (prior quarter included a $14M one-time monetization).
Strategic Acquisitions and Partnerships
Signed agreement to acquire Flyme Auto/OS for ~$266M (Flyme Auto deployed in >2M vehicles); entered partnership with TPK to co-develop ORCA LiDAR (mass production aimed for 2028); signed share exchange with Qualcomm Ventures to deepen collaboration on Snapdragon Elite-based solutions.
Global Commercial Progress
Began mass production for 9 new models across 4 brands (4 models targeted outside China), advanced Volkswagen Group build-out for Latin America launch in 2027, and reached 12 million vehicles on road with ECARX technology.
ECX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed