EarningsQ2 2026 Earnings Report
MX:EHN Q2 2026 EPS Results
Actual EPS-$2.28
Consensus EPS-$2.48
Beat/MissBeat by +$0.20
One Year Ago EPS-$1.52
MX:EHN Q2 2026 Revenue Results
Actual Revenue$208.00M
Expected Revenue$303.93M
Beat/MissMissed by -$95.93M
YoY Revenue Growth-43.76%
Earnings Announcement Details
QuarterQ2 2026
Date08/25/2026
TimeBefore Open
Conference CallTuesday, August 25, 2026
MX:EHN Upcoming Earnings
Ehang Holdings's next earnings date is estimated for November 26, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:EHN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of operational progress and meaningful positives — strong sequential revenue growth, healthy cash reserves, stable gross margin, product and R&D advances, a large safety flight record, rapid aerial media growth and expanding international initiatives. However, material negatives included a significant year-over-year revenue decline, increased operating expenses, continued adjusted losses, and an industry-wide regulatory tightening (after an unrelated manned aircraft accident) that forced the company to withdraw its 2026 revenue guidance and delayed domestic passenger commercialization. Taken together, the call shows resilience and execution on strategic priorities but also clear near-term uncertainty driven by regulatory timing and revenue visibility.Company Guidance
Strong Sequential Revenue Growth
Q2 revenue of RMB 77.9 million, up 203% sequentially from RMB 25.7 million in Q1 2026, driven by higher EH216 series volume and VT35 contribution.
Deliveries and Operational Activity
Delivered 35 units of EH216-S and 1 VT35 in Q2; completed 22 aerial media shows; delivered 520 GD4 drones in-quarter and shipped over 1,000 GD4 drones to the Thai market for light-show operations.
Aerial Media Revenue Surge
Aerial media revenue increased by over 270% year-over-year in Q2 and is expanding into Europe, Japan, Thailand and other overseas markets.
Stable Gross Margin
Q2 gross margin remained resilient at 61.2% (vs. 61.5% in Q2 2025 and 62.5% in Q1 2026), reflecting manufacturing and supply-chain competitiveness despite revenue and mix changes.
Improving Sequential Profitability and Strong Cash Position
Adjusted operating loss improved to RMB 62.0 million in Q2 from RMB 77.1 million in Q1 2026; adjusted net loss improved to RMB 58.5 million from RMB 75.6 million. Combined cash, cash equivalents, short-term and treasury investments totaled RMB 929.4 million as of June 30, 2026.
Safety Record and Passenger Experience
Nearly 100,000 recorded safety flights for the EH216 series, ~1.5 years of continuous internal trial operations in Guangzhou and Hefei, and a 4.94 out of 5 passenger satisfaction score.
Global Expansion and Fast Track Program
Footprint expanded to 23 countries (added Mexico and Switzerland); Thailand sandbox flights progressing with target experimental permit in Q3 and commercial certificate by year-end; Hong Kong sandbox participation; Sri Lanka is the first adopter of the Global Fast Track program to accelerate compliant market entry.
Product and R&D Progress
Operational upgrades: battery cooling vehicle increased daily sorties per aircraft from ~6 to 12–15 (100%–150%+ improvement), independent cabin air-conditioning lowers cabin temp by 10–15°C; VT35 testing, cargo-version development and firefighting adaptations underway to broaden product use cases.
MX:EHN 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