XPEV XPeng (XPEV) Q1 FY26 earnings call
On this interpreted call, management framed Q1 as a seasonal trough that completes XPeng's transformation from EV maker into a 'physical AI' company — formalized by the corporate rename. Losses widened as AI R&D scales, but the GX-led product cycle, deepening overseas localization, and nascent robotaxi and humanoid-robot monetization underpin what the CEO calls the strongest delivery growth trajectory in company history.
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XPEV operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Vehicle deliveries | 62.68KIn the first quarter, amid broad market volatility in China's domestic new energy vehicle market, we delivered a total of 62,680 vehicles.Source: earnings call transcript | 103.295KIn the second quarter, our vehicle deliveries reached 103,295 units, up 65% quarter-over-quarter, and we achieved a year-over-year growth ahead of the broader industry.Source: earnings call transcript | +64.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.