Xiaomi stock has pulled back in the past few days, erasing some of the gains made in July. It dropped to H$26.40 in Hong Kong, down by 18% from its highest level in June.
China's Xiaomi launched an SUV series dubbed SkyNomad on Thursday, expanding its EV lineup into the large-family SUV segment, as it seeks to boost sales in the country's ultra-competitive auto market ahead of a planned European launch next year.
Xiaomi stock retreated for two consecutive days after a report confirmed that the company was losing market share in the smartphone industry. It slipped to H$25.82 in Hong Kong, a few points below this month's high of H$26.70.
Xiaomi stock price has suffered a major reversal in the last 12 months, moving from a high of H$61.55 to H$22.62 today, its lowest level since September 2024, with its market cap falling from H$1.53 trillion ($192 billion) to $74 billion. This retreat has happened amid the soaring memory prices and the ongoing retreat in EV stocks.
Chinese electric vehicle maker Xiaomi has filed with regulators to add an extended-range electric vehicle to its lineup, according to a notice from the industry ministry on Wednesday.
Xiaomi (XIACF, XIACY) is rated a buy, with a ~20x P/E offering improved margin of safety after a 30% stock decline. Despite an 11% top-line drop and margin pressure in Q1, XIACF's ecosystem and premium positioning strategies remain intact, supporting long-term growth. Smart EV and AI initiatives saw revenue growth, with the EV division poised for significant scale as Xiaomi targets 550k vehicle deliveries by 2026.
Xiaomi Corporation (XIACY) Q1 2026 Earnings Call Transcript
Xiaomi had a rough start to the year, posting another profit drop as the memory crunch, stiff competition and soft demand hurt its businesses, from smartphones to electric cars.
Xiaomi, a well-known maker of smart consumer electronics in China, said on Friday that it had delivered 26,000 units of its upgraded SU7 series, which launched in March.
Xiaomi transitioning from smartphones to EV, physical robotics, and other AI initiatives can impact near-term revenue and earnings outlook. The smartphone's share of total gross profit has declined from 40.9% to 15.1% over the past two years, while the EV and AI segment has increased from 0% to 34.7%. Due to a spike in memory prices, the smartphone segment's gross profit has declined significantly, and management expects cost pressures to persist.
Xiaomi Corporation (XIACY) Q4 2025 Earnings Call Transcript
Xiaomi reported a slump in quarterly net profit, caught between soaring memory-chip prices and subdued consumption in one of the world's largest consumer markets.