ECARX Holdings earnings date
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ECARX Holdings (ECX) Q3 2026 Earnings Report
ECX Q3 2026 EPS Results
- Actual EPS
- -$0.13
- Consensus EPS
- $0.01
- Beat/Miss
- Missed by -$0.14
- One Year Ago EPS
- -$0.15
ECX Q3 2026 Revenue Results
- Actual Revenue
- $240.80M
- Expected Revenue
- $317.31M
- Beat/Miss
- Missed by -$76.51M
- YoY Revenue Growth
- +9.50%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- Before Open
- Conference Call
- Wednesday, November 4, 2026
ECARX Holdings's next earnings date is estimated for April 26, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call reflected strong operational and strategic progress, including revenue and shipment growth, broader global deployments, the completed Flyme acquisition, new AI and silicon partnerships, and disciplined operating expenses. However, these positives were offset by a sharp gross-margin decline, a materially larger adjusted EBITDA loss, lower cash, and continued uncertainty around memory costs and future margins. Overall, the call presented a balanced combination of business momentum and significant near-term profitability pressure.
ECARX reaffirmed full year 2026 revenue guidance of $1 billion to $1.1 billion, with the fourth quarter expected to support the program launches scheduled for the quarter and its order backlog; the company does not provide quarterly guidance, does not go into the specific of the volumes, and said it is hard to forecast or predict fourth-quarter margin performance because memory-cost dynamics are hard to predict. For 2027, the company has started the budget process but has not yet provided revenue, gross profit, or breakeven guidance, stating it will share its outlook after the budget is approved; it also reiterated confidence to achieve 50% of its revenue outside of China by 2030, with Volkswagen Group’s launch on track for 2027.
- Revenue Growth and Reaffirmed Full-Year GuidanceThird-quarter revenue was $241 million, up 10% year-over-year and 7% sequentially. Management reaffirmed full-year 2026 revenue guidance of $1 billion to $1.1 billion, supported by fourth-quarter program launches and the order backlog.
- Shipment Growth Despite China Market DeclineThird-quarter shipments reached approximately 721,000 units, increasing 31% quarter-over-quarter and 8% year-over-year in a China market that declined sharply.
- Higher-Value Product AdoptionCustomers increasingly adopted higher-end performance products, with Antora revenue growing 20% year-over-year. Pikes shipments were relatively flat year-over-year due to a project-based shift in partner demand, while entry-level programs added significant volume and high-end solutions continued to grow in absolute terms.
- Expanded Vehicle and Customer ScaleECARX began mass production for 21 new models across 5 brands during the quarter, including 6 models designated for markets outside China. Its technology is now deployed in more than 12 million vehicles across 18 OEMs, 28 brands and 159 markets, with more than 1.4 million new vehicle deployments in the first nine months of 2026.
- Flyme Acquisition Completed and Software Monetization ExpandedECARX completed the Flyme software acquisition on September 30. Flyme Auto is deployed in more than 3.5 million vehicles, and ownership gives ECARX control of the application and interaction layer while opening software licensing, app ecosystem and cockpit deployment revenue streams that are not tied to hardware volume.
- Flyme Ecosystem and Agentic AI IntegrationTencent Cloud's WorkBuddy Agentic AI is being integrated across the Flyme ecosystem, including smartphones, AI devices and Flyme Auto. The integration is intended to provide a consistent natural-language user experience across devices.
- Arm Collaboration Strengthens Physical AI StrategyECARX signed a memorandum of understanding with Arm to collaborate on next-generation physical AI platforms, including silicon innovation for automotive applications and beyond. Management said the collaboration reinforces ECARX's position at the intersection of silicon, software and AI.
- Silicon Roadmap ProgressSiEngine, which ECARX incubated with Arm China, raised $200 million in the first half of 2026, with ECARX remaining its largest shareholder. The 7-nanometer SE1000 chip is already in production in the Antora solution, while the 5-nanometer SE2000 chip is in active development with native large language model capabilities and higher AI compute.
- Global Partnership ProgressThe Volkswagen Group partnership remains on track for a 2027 launch, with engineering, supply chain and support infrastructure being built in Latin America. ECARX is also in the final stages of signing a partnership with a leading European luxury automaker for a joint cockpit AI innovation lab based on Flyme OS.
- Broader Customer Pipeline and International ExpansionMultiple new and existing global customer discussions are advancing through various stages of development. Management reiterated confidence in achieving 50% of revenue outside China by 2030 and said the luxury-automaker innovation lab could serve as a model for additional partnerships.
- Operating Expense DisciplineThird-quarter operating expenses were $53 million, down 3% year-over-year. Year-to-date operating expenses were $158 million, down 17% year-over-year, which management attributed to streamlined operations and efficiency gains from AI integration across its software.
- Capital Structure SimplificationECARX terminated the remaining $100 million of additional notes under its $150 million convertible note facility. After the quarter, it paid a $10 million termination fee and repaid the remaining convertible note balance; management said this limits further dilution and provides greater financial flexibility.
- Current Revenue Mix DisclosedManagement stated that approximately 75% of current revenue comes from Geely and 25% comes from beyond the Geely ecosystem.
ECX Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Apr 26, 2027 | 2026 (Q4) | ―- | -0.03 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 0.01-0.13 | -0.15 | 12.94% (+0.02) | |
| Aug 11, 2026 | 2026 (Q2) | -0.03-0.03 | -0.14 | 78.30% (+0.11) | |
| May 19, 2026 | 2026 (Q1) | -0.01-0.03 | -0.09 | 64.21% (+0.05) | |
| Feb 12, 2026 | 2025 (Q4) | 0.040.01 | -0.02 | 162.73% (+0.03) | |
| Nov 03, 2025 | 2025 (Q3) | -0.01-0.15 | -0.15 | -2.78% (-0.00) | |
| Aug 26, 2025 | 2025 (Q2) | -0.03-0.14 | -0.13 | -10.83% (-0.01) | |
| Apr 30, 2025 | 2025 (Q1) | -0.05-0.09 | -0.13 | 32.14% (+0.04) | |
| Mar 11, 2025 | 2024 (Q4) | -0.09-0.02 | -0.13 | 87.36% (+0.11) | |
| Nov 07, 2024 | 2024 (Q3) | -0.05-0.15 | -0.12 | -22.78% (-0.03) |
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.
