XPENG (NYSE:XPEV) Releases Earnings Results, Misses Expectations By $0.16 EPS

Posted by Brenda Bartman on May 28th, 2026

XPENG (NYSE:XPEV – Get Free Report) announced its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.16), Zacks reports. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.87 billion. XPENG had a negative net margin of 3.09% and a negative return on equity of 7.72%.

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

XPeng reported Q1 2026 revenue of RMB 13.03 billion, down 17.6% year over year and 21.4% quarter over quarter, while net loss widened to RMB 1.78 billion. Vehicle sales revenue fell sharply as deliveries declined to 62,682 units in a volatile China NEV market.
Management signaled a strong rebound, guiding Q2 deliveries to 100,000-106,000 vehicles and revenue to RMB 19.6 billion-20.8 billion. The company said it expects sequential growth in each remaining quarter, supported by new models and rising production.
XPeng emphasized its transformation into a “physical AI” company, with major investment plans around autonomous driving, robotaxis, and humanoid robots. Management said these areas could become new revenue and profit engines over time, especially as mass production and commercialization advance.
The company highlighted momentum in its smart-driving stack, saying VLA 2.0-assisted driving mileage penetration exceeded 50% in April and that a major OTA upgrade is planned for Q3. Management expects the next releases to materially improve capability and reduce takeover rates, while also expanding language interaction through VLM integration by year-end.
International expansion is becoming a bigger growth driver, with management saying international revenue should exceed 20% of total revenue from Q2 and overseas deliveries should more than double this year. XPeng also said its overseas business already shows better profitability, supported by local manufacturing in Southeast Asia and Europe.

XPENG Stock Down 0.7%

NYSE:XPEV traded down $0.09 during trading hours on Friday, reaching $12.11. 4,551,722 shares of the stock were exchanged, compared to its average volume of 6,772,784. The stock has a market cap of $11.49 billion, a PE ratio of -35.60 and a beta of 1.12. XPENG has a twelve month low of $11.77 and a twelve month high of $28.24. The firm has a 50 day moving average of $15.69 and a 200 day moving average of $17.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.14 and a quick ratio of 0.89.

Analyst Ratings Changes

XPEV has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of XPENG from a “hold” rating to a “sell” rating in a research report on Sunday, May 24th. Weiss Ratings restated a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $25.20 price target on shares of XPENG in a research report on Friday, May 29th. Barclays decreased their price objective on XPENG from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Tuesday, March 24th. Finally, Bank of America reaffirmed a “buy” rating on shares of XPENG in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.51.

View Our Latest Stock Report on XPENG

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in XPEV. Parallel Advisors LLC lifted its position in XPENG by 6.0% during the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock worth $209,000 after buying an additional 584 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in XPENG by 29.4% during the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock worth $2,280,000 after acquiring an additional 28,983 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in XPENG by 33.6% in the first quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock valued at $490,000 after purchasing an additional 5,945 shares in the last quarter. Institutional investors own 21.09% of the company’s stock.

About XPENG

(Get Free Report)

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.