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What were Xiaomi’s quarterly financial results reported on August 18—including the year over year changes in adjusted net profit and revenue, how they compared with analyst expectations, the impact of rising AI driven memory chip costs on smartphone revenue, shipments, gross marg
Xiaomi’s second quarter 2026 results were weak in its core handset business but showed continued EV scale up: adjusted net profit fell 42.6% year on year to RMB6.22 billion and revenue fell 6.1% to RMB108.9 billion; both missed consensus ex [1][2][6] Financial and smartphone results Group gross margin declined to 19...
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Key takeaways
- Xiaomi’s second quarter 2026 results were weak in its core handset business but showed continued EV scale up: adjusted net profit fell 42.6% year on year to RMB6.22 billion and revenue fell 6.1% to RMB108.9 billion; both missed consensus ex
- [1][2][6] Financial and smartphone results Group gross margin declined to 19.8%, from 22.5% a year earlier.
- [3][6] The main pressure was sharply higher memory component costs, amid softer phone demand and competition.
- [3][5] Smartphone gross margin fell to 8.5%, from 11.5% a year earlier, despite a 25.9% increase in smartphone average selling price; the evidence indicates Xiaomi shifted its mix toward higher priced phones, but this did not offset compone
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openai.comCreate a landscape editorial hero image for this Studio Global article: What were Xiaomi’s quarterly financial results reported on August 18—including the year over year changes in adjusted net profit and revenue. Article summary: Xiaomi’s second quarter 2026 results were weak in its core handset business but showed continued EV scale up: adjusted net profit fell 42.6% year on year to RMB6.22 billion and revenue fell 6.1% to RMB108.9 billion; both. Topic tags: general web, ai, marketing, growth, evs. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts with
Xiaomi’s second-quarter 2026 results were weak in its core handset business but showed continued EV scale-up: adjusted net profit fell 42.6% year on year to RMB6.22 billion and revenue fell 6.1% to RMB108.9 billion; both missed consensus expectations.
Financial and smartphone results
- Group gross margin declined to 19.8%, from 22.5% a year earlier.
- The main pressure was sharply higher memory-component costs, amid softer phone demand and competition.
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What is the short answer to "What were Xiaomi’s quarterly financial results reported on August 18—including the year over year changes in adjusted net profit and revenue, how they compared with analyst expectations, the impact of rising AI driven memory chip costs on smartphone revenue, shipments, gross marg"?
Xiaomi’s second quarter 2026 results were weak in its core handset business but showed continued EV scale up: adjusted net profit fell 42.6% year on year to RMB6.22 billion and revenue fell 6.1% to RMB108.9 billion; both missed consensus ex
What are the key points to validate first?
Xiaomi’s second quarter 2026 results were weak in its core handset business but showed continued EV scale up: adjusted net profit fell 42.6% year on year to RMB6.22 billion and revenue fell 6.1% to RMB108.9 billion; both missed consensus ex [1][2][6] Financial and smartphone results Group gross margin declined to 19.8%, from 22.5% a year earlier.
What should I do next in practice?
[3][6] The main pressure was sharply higher memory component costs, amid softer phone demand and competition.
Sources
- reuters.comXiaomi sees smartphone cost pressures easing, looks to EVs for growth
- bloomberg.comXiaomi Profit Falls After Memory Crunch Hits Smartphone Demand
- eu.36kr.comIs Xiaomi underestimated?
- wsj.comXiaomi Has Another Weak Quarter Amid Increased ...
- investing.comEarnings call transcript: Xiaomi Q2 2026 profit holds as ...