ECARX (NASDAQ:ECX) Issues Earnings Results, Meets Estimates

Posted by Francis Steltz on Aug 12th, 2026

ECARX (NASDAQ:ECX – Get Free Report) released its earnings results on Tuesday. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.03), FiscalAI reports. The firm had revenue of $225.20 million for the quarter, compared to the consensus estimate of $226.91 million.

Here are the key takeaways from ECARX’s conference call:

Q2 revenue rose 45% year over year to $225.2 million, while gross margin expanded to 19.8% from 10.8% and adjusted EBITDA remained positive for the fourth consecutive quarter.
ECARX is benefiting from a higher-value product mix, with Antora shipments up 52% year over year and Pikes shipments up more than 2,000%; together, the platforms represented 42% of Q2 shipments.
Global expansion accelerated through nine new model launches across four brands, including four models for Europe, Southeast Asia, and South America, while the Volkswagen program remains on track for a 2027 Latin America launch.
The planned approximately $266 million acquisition of Flyme is expected to strengthen ECARX’s software ownership, integration capabilities, licensing revenue, and margins; Flyme Auto is already deployed in more than 2 million vehicles.
Management warned that elevated memory costs may pressure gross margin and operating profitability in the second half, even though much of the increase is being passed through to customers; the company nevertheless reaffirmed 2026 revenue guidance of $1.0 billion to $1.1 billion.

ECARX Stock Down 0.5%

Shares of ECX stock traded down $0.01 during trading on Wednesday, reaching $1.03. 117,135 shares of the company’s stock were exchanged, compared to its average volume of 2,658,718. ECARX has a twelve month low of $0.88 and a twelve month high of $2.70. The firm’s fifty day moving average price is $1.16 and its 200-day moving average price is $1.27. The stock has a market capitalization of $368.95 million, a PE ratio of -6.90 and a beta of 1.00.

Hedge Funds Weigh In On ECARX

Institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of ECARX during the 4th quarter worth about $47,000. Millennium Management LLC acquired a new position in shares of ECARX in the fourth quarter valued at approximately $48,000. Integrated Wealth Concepts LLC acquired a new position in shares of ECARX in the third quarter valued at approximately $51,000. Caitong International Asset Management Co. Ltd bought a new stake in ECARX in the 4th quarter valued at $58,000. Finally, Squarepoint Ops LLC acquired a new position in ECARX in the 3rd quarter valued at $59,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Zacks Research raised ECARX from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ECARX in a research report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ECARX currently has an average rating of “Reduce”.

Read Our Latest Stock Analysis on ECX

About ECARX

(Get Free Report)

ECARX is a global automotive technology company focused on developing and delivering smart cockpit solutions for original equipment manufacturers (OEMs). The company designs and manufactures a range of in-vehicle computing platforms, central processing units, digital instrument clusters and multimedia infotainment systems. ECARX’s core offerings integrate software, hardware and cloud connectivity to create seamless user experiences for drivers and passengers.

The company’s product portfolio spans telematics control units, over-the-air update frameworks and next-generation human-machine interfaces (HMI).