EarningsQ2 2026 Earnings Report
MX:LIAN Q2 2026 EPS Results
Actual EPS-$4.10
Consensus EPS-$2.22
Beat/MissMissed by -$1.88
One Year Ago EPS$3.77
MX:LIAN Q2 2026 Revenue Results
Actual Revenue$69.43B
Expected Revenue$72.26B
Beat/MissMissed by -$2.82B
YoY Revenue Growth-9.82%
Earnings Announcement Details
QuarterQ2 2026
Date08/26/2026
TimeBefore Open
Conference CallWednesday, August 26, 2026
MX:LIAN Upcoming Earnings
Li Auto's next earnings date is estimated for December 1, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:LIAN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: strong strategic and technological progress (in‑house chips, batteries, ADAS, expanded supercharging network), solid sequential recovery and a large cash buffer support confidence for future growth. However, significant year‑over‑year declines in revenue, gross profit and a return to net loss, together with commodity cost inflation and near‑term operational disruptions, are notable headwinds. Management emphasizes long‑term margin targets and in‑house technology deployment to offset cost pressures, while Q4 deliveries remain a key determinant of full‑year cash flow recovery.Company Guidance
Strong product and market leadership
Li Auto remains the top-selling Chinese automotive brand in the RMB 200,000+ NEV market; Li i6 has been a top-3 seller priced over RMB 200,000 for 6 consecutive months, and L6/Li i6 lead their respective segments, supporting leadership in the RMB 200k–300k SUV market.
Full L‑Series refresh and upcoming new models
Completed full refresh of the L-Series (L9, L8, L6) with MACH M100 chips, 800V active suspension and drive-by-wire chassis; launches scheduled — new Li MEGA on Sept 2 and flagship BEV SUV Li i9 in mid-September — expected to bolster second‑half ramp and BEV share.
Dual energy strategy and BEV/EREV mix
Dual energy rollout has resulted in a balanced product mix with EREV and BEV each accounting for ~50% of total sales today; management expects BEV share to rise as new BEV models ramp.
In-house technology traction: MACH M100 and ADAS improvements
Shipments of in-house MACH M100 chips exceeded 50,000 units; OTA 9.1 improved MACH VLA performance by ~20% and nearly doubled ADAS mileage penetration versus the previous platform; further model and architecture upgrades planned (3D Vision Transformer, parameter scaling) through year‑end.
Proprietary 5C supercharging network and in-house batteries
5C supercharging network expanded to 4,141 stations and ~22,800 stalls with a 9x9 grid covering 18 national highways and 300+ cities; in‑house batteries (cell, BMS, pack) already deployed on new L8, L6 and i8, with plan to equip all models in coming months.
Sequential operational and cash flow improvements
Quarterly sequential recovery: total revenue rose 11.7% QoQ to RMB 25.7bn; vehicle sales rose 11.8% QoQ to RMB 24.1bn; gross profit improved 56.9% QoQ to RMB 2.8bn; operating loss narrowed versus prior quarter (loss from operations RMB 2.3bn vs prior quarter loss RMB 3.0bn); operating cash flow turned positive at RMB 15.0m and free cash flow improved QoQ (negative RMB 1.3bn vs negative RMB 7.4bn prior quarter).
Robust balance sheet and shareholder returns
Quarter‑end cash position robust at RMB 87.5bn; company repurchased 91.7 million Class A ordinary shares (including 23.7M ADSs) for ~US$631.5m, signaling financial flexibility to invest in R&D and return capital.
MX:LIAN 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