EarningsQ2 2026 Earnings Report
MX:175N Q2 2026 EPS Results
Actual EPS$1.21
Consensus EPS―
Beat/Miss―
One Year Ago EPS$0.98
MX:175N Q2 2026 Revenue Results
Actual Revenue$239.49B
Expected Revenue$263.67B
Beat/MissMissed by -$24.18B
YoY Revenue Growth+23.18%
Earnings Announcement Details
QuarterQ2 2026
Date08/17/2026
TimeBefore Open
Conference CallMonday, August 17, 2026
MX:175N Upcoming Earnings
Geely Automobile Holdings's next earnings date is estimated for November 21, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:175N Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational and financial execution despite a difficult China market: record revenue/profit, notable gross margin improvement, rapid export and NEV volume growth, ZEEKR premium momentum, battery capacity scaling and concrete overseas localization plans. Management also announced significant leadership and governance upgrades. Offsetting these positives are sizable industry demand contraction, steep ICE declines, cost/competitive pressures, product lineup gaps in the mid‑market and geopolitical risks tied to global expansion. On balance the company presented more material wins and proactive mitigation measures than unresolved negatives.Company Guidance
Record H1 Financial Performance
Management reported record H1 2026 sales revenue and profit with revenues attributable to shareholders close to CNY 10 billion and a profit margin rate of ~5.6%, well above the industry average profitability of 1.6%.
Gross Margin Improvement
Gross margin for H1 2026 was 17.9%, an increase of ~1.5 percentage points year‑on‑year (from 16.2%). Q2 gross margin improved to 18.4% versus Q1's 17.5%.
Strong Export and NEV Growth
H1 exports surged (management cited export growth of ~158% YoY), with total H1 exports reported at ~442,000 units. NEV sales in H1 reached ~277,000 units, up ~585% YoY. Regional export growths included Latin America ~+298%, Europe ~+280%, ASEAN ~+120%, and East/Central Asia ~+100%.
ZEEKR Brand Momentum
ZEEKR volumes rose strongly (Q1 ~77,000 units; Q2 ~100,000 units). Management noted ZEEKR sales increased ~97% and that ZEEKR accounts for ~1/3 of the premium segment with average selling price above RMB 0.5 million in China, materially supporting margins.
Battery and Powertrain Capacity Ramp
Golden Brick battery capacity reported at ~70–80 GWh currently with plans for ~200 GWh next year and ~300 GWh by 2028. Announced R&D and scaling across reserve batteries, fuel cells, sodium‑ion and solid‑state directions.
International localized manufacturing roadmap
Clear overseas capacity plans and partnerships: Proton hub targeting >200k units this year (aiming toward 500k), Ford Spain plant ~500k capacity (production from 2028), Volvo European plants (2028), Brazilian plant with Renault ~300k, plus South Korea capacity — supporting a long‑term target where ~2/3 of sales come from overseas.
Leadership and Corporate Governance Transition
Strategic leadership change implemented: An Cong Hui appointed Chairman of Geely Auto Holdings; Gan Jia Yue appointed CEO. Management framed the move as institutionalizing governance, strengthening professional management and execution for future growth.
Charging and Fast‑replenishment Technology Progress
Developed ultra‑fast charging tech (demonstrated megawatt‑level devices up to ~1,230 kW) with claims of 10%→70% charge in ~4 minutes 22 seconds; next‑gen charging stack and AI temperature control to be announced/rolled out by end of Q3.
MX:175N 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