JD.com, Inc. (JD - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this company have returned -3.9% over the past month versus the Zacks S&P 500 composite's +6% change. The Zacks Internet - Commerce industry, to which JD.com belongs, has gained 2.7% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, JD.com is expected to post earnings of $0.92 per share, indicating a change of +33.3% from the year-ago quarter. The Zacks Consensus Estimate has changed -12.5% over the last 30 days.
The consensus earnings estimate of $3.13 for the current fiscal year indicates a year-over-year change of +22.8%. This estimate has changed +0.6% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $3.57 indicates a change of +14.2% from what JD.com is expected to report a year ago. Over the past month, the estimate has changed +7.5%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, JD.com is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastEven though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of JD.com, the consensus sales estimate of $52.83 billion for the current quarter points to a year-over-year change of +6.1%. The $204.15 billion and $215.2 billion estimates for the current and next fiscal years indicate changes of +11.2% and +5.4%, respectively.
Last Reported Results and Surprise HistoryJD.com reported revenues of $45.77 billion in the last reported quarter, representing a year-over-year change of +10.3%. EPS of $0.74 for the same period compares with $1.16 a year ago.
Compared to the Zacks Consensus Estimate of $45.57 billion, the reported revenues represent a surprise of +0.42%. The EPS surprise was +29.82%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JD.com is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JD.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
On June 02, 2026, JD.com Inc JD shares rose 3.6% today, bringing the current price to $30.15. Over the past 52 weeks, JD’s stock has fluctuated between a low of $24.51 and a high of $36.86.
GF Value™ verdict: Current price of $30.15 is 21.0% below the GF Value™ of $38.15.GF Score™: 81/100 indicates a strong overall performance based on key financial metrics.Most notable signal: No insider transactions in the last 3 months suggest stability in leadership. Is JD Overvalued or Undervalued? JD.com Inc's current price of $30.15 is significantly below the estimated GF Value™ of $38.15, indicating that the stock is undervalued by approximately 21.0%. This margin of safety presents an opportunity for potential investors who align with the company's business model and market position. The GF Valuation label classifies JD as "Modestly Undervalued," signifying that there may be room for the stock price to appreciate as the market recognizes its intrinsic value.
GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates. With JD trading below its GF Value™, the stock could be seen as an attractive investment opportunity, assuming the company's growth trajectory remains strong and risks associated with market volatility are managed properly.
How Does JD's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)23.7x14.1x Forward P/E9.1xN/A The current P/E ratio of 23.7x is significantly above its 5-year median of 14.1x, indicating that the stock is trading at a premium based on earnings. The forward P/E of 9.1x suggests a more favorable outlook compared to the TTM, but the current P/E analysis agrees with the GF Value™ verdict that JD is undervalued, as the market remains cautious in recognizing the company's potential growth amidst historical performance.
What Does JD's GF Score™ Tell Us? MetricRating GF Score™81/100 Financial Strength5/10 Profitability6/10 Growth8/10 Valuation8/10 Momentum5/10 The GF Score™ of 81/100 reflects a strong overall performance, particularly in the areas of Growth (8/10) and Valuation (8/10). However, the company receives a lower rating in Financial Strength (5/10), suggesting that while JD may show significant growth potential, its financial robustness could be a concern. The moderate scores in Profitability (6/10) and Momentum (5/10) indicate a balanced performance with room for improvement.
What Are Insiders Doing with JD Stock? There have been no insider transactions in the last three months for JD.com Inc. This lack of activity suggests a period of stability in leadership and may indicate that current executives are confident in the company's direction and strategy. However, absence of insider buying can also be interpreted as a lack of aggressive positioning by management, which could warrant further analysis.
What This Means for Investors Based on the analysis of GF Value™, JD.com Inc is currently undervalued. The significant gap between the current price and GF Value™ presents an opportunity for potential appreciation, assuming the company can navigate market challenges effectively.
For the complete analysis, visit the JD.com Inc JD stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is JD's GF Score™?
JD's GF Score™ is 81/100, indicating a strong overall performance based on key financial metrics that may lead to higher long-term returns.
Is JD overvalued or undervalued?
JD is currently undervalued, with a GF Value™ of $38.15 compared to its current price of $30.15, indicating a potential for price appreciation.
What is JD's P/E ratio?
JD's P/E ratio is 23.7x, which is significantly above its 5-year median of 14.1x, indicating that the stock is trading at a premium based on earnings.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
BEIJING, June 05, 2026 (GLOBE NEWSWIRE) -- JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that it will hold its annual general meeting of shareholders (the “AGM”) at Building A, No. 18 Kechuang 11 Street, Yizhuang Economic and Technological Development Zone, Daxing District, Beijing 101111, People’s Republic of China, on June 29, 2026 at 3:00 p.m. (Hong Kong time).
No proposal will be submitted for shareholder approval at the AGM. Instead, the AGM will serve as an open forum for shareholders of record to discuss Company affairs with management.
Holders of record of Class A ordinary shares and Class B ordinary shares of the Company at the close of business on June 4, 2026 (Hong Kong time) are entitled to notice of, and to attend, the AGM or any adjournment or postponement thereof.
The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s annual report can be accessed on the investor relations section of its website at https://ir.jd.com, as well as on the SEC’s website at www.sec.gov.
About JD.com, Inc.
JD.com is a leading supply chain-based technology and service provider. The Company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. JD.com may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JD.com’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: JD.com’s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; laws, regulations and governmental policies relating to the industries in which JD.com or its business partners operate; potential changes in laws, regulations and governmental policies or changes in the interpretation and implementation of laws, regulations and governmental policies that could adversely affect the industries in which JD.com or its business partners operate, including, among others, initiatives to enhance supervision of companies listed on an overseas exchange and tighten scrutiny over data privacy and data security; risks associated with JD.com’s acquisitions, investments and alliances, including fluctuation in the market value of JD.com’s investment portfolio; natural disasters and geopolitical events; change in tax rates and financial risks; intensity of competition; and general market and economic conditions in China and globally. Further information regarding these and other risks is included in JD.com’s filings with the SEC and the announcements on the website of the Hong Kong Stock Exchange. All information provided herein is as of the date of this announcement, and JD.com undertakes no obligation to update any forward-looking statement, except as required under applicable law.
JD.com, Inc. (JD - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this company have returned -6.4% over the past month versus the Zacks S&P 500 composite's +0.2% change. The Zacks Internet - Commerce industry, to which JD.com belongs, has lost 9.9% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate RevisionsHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, JD.com is expected to post earnings of $0.84 per share, indicating a change of +21.7% from the year-ago quarter. The Zacks Consensus Estimate has changed -11% over the last 30 days.
The consensus earnings estimate of $3.19 for the current fiscal year indicates a year-over-year change of +25.1%. This estimate has changed +1.9% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $3.62 indicates a change of +13.8% from what JD.com is expected to report a year ago. Over the past month, the estimate has changed +1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for JD.com.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For JD.com, the consensus sales estimate for the current quarter of $52.83 billion indicates a year-over-year change of +6.1%. For the current and next fiscal years, $204.15 billion and $215.2 billion estimates indicate +11.2% and +5.4% changes, respectively.
Last Reported Results and Surprise HistoryJD.com reported revenues of $45.77 billion in the last reported quarter, representing a year-over-year change of +10.3%. EPS of $0.74 for the same period compares with $1.16 a year ago.
Compared to the Zacks Consensus Estimate of $45.57 billion, the reported revenues represent a surprise of +0.42%. The EPS surprise was +29.82%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationWithout considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
JD.com is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about JD.com. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Alibaba BABA and JD.com JD came under pressure in Hong Kong after Beijing's market watchdog criticized major online platforms over misleading discount campaigns.
Alibaba shares fell as much as 5.9% Thursday morning, marking their biggest intraday drop in nearly 3 months. JD.com also dropped as much, its steepest intraday decline since November. The selloff followed a CCTV report saying the Beijing branch of the State Administration for Market Regulation summoned Alibaba, JD.com, PDD, ByteDance and Xiaohongshu over false advertising during the annual 618 shopping festival.
The regulator said some platforms appeared to promise tens of billions of yuan in subsidies but did not clearly show how much support came from the companies or participating brands. Alibaba's Tmall and Taobao platforms and JD.com were specifically cited for not providing enough detail.
For investors, the issue is not just one shopping event. The rebuke points to tighter scrutiny over China's online retail giants, just as competition and discounting remain intense. The next thing to watch is whether Beijing follows the warning with penalties or stricter promotion rules.
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON JD.COM, INC. (JD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned JD representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, JD’s stock price fell as much as 3% during intraday trading on June 11, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased JD securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
The Law Offices of Frank R. Cruz announces an investigation of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON JD.COM, INC. (JD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned JD representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, JD’s stock price fell as much as 3% during intraday trading on June 11, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased JD securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260611542346/en/
Sam Vadas discusses the European Central Bank becoming the first international bank to raise rates since the Iran war signaling new inflation concerns. Meanwhile Chinese ADRs are under pressure with Alibaba (BABA) PDD Holdings (PDD) and JD.com (JD) all facing scrutiny.
Key Takeaways BABA offers $1.5B for Pupu, sparking a bidding war to boost its instant grocery delivery reach.Alibaba's quick commerce revenues surged, but profits and cash flow fell amid heavy investments.BABA faces regulatory scrutiny over 618 promotions, adding uncertainty to its Pupu acquisition plans. Alibaba Group (BABA - Free Report) is offering $1.5 billion to acquire Chinese grocery delivery firm Pupu, initiating a bidding war as part of a broader campaign to wrest market share from online commerce rival Meituan. The proposed price is more than double an earlier $600 million bid from Sun Art Retail, a former Alibaba affiliate now backed by private equity firm DCP Capital.
Founded in Fujian province, Pupu operates as one of China's leading instant grocery delivery platforms, generating annual revenues exceeding RMB 30 billion and running a rapid 30-minute delivery network across key cities in Fujian, Guangdong, Sichuan and Hubei provinces. The proposed acquisition reflects Alibaba's accelerating pivot toward supply-chain depth over pure platform economics — a direct response to intensifying rivalry with Meituan and JD.com in local commerce.
This strategic push aligns with what Alibaba's fourth-quarter fiscal 2026 results already reveal about the company's spending direction. Quick commerce revenues in the fourth quarter of fiscal 2026 surged 57% year over year to RMB 19,988 million, driven by order growth following the rollout of Taobao Instant Commerce in late April 2025. For full-year fiscal 2026, quick commerce revenues reached RMB 78,520 million, up 47% year over year. However, adjusted EBITA fell 84% year over year to RMB 5,102 million, and non-GAAP net income declined nearly 100%, with free cash flow swinging to an outflow of RMB 17,300 million, attributed primarily to investments in quick commerce and cloud infrastructure.
The timing is complicated by a fresh regulatory overhang. Alibaba shares fell as much as 6.5% in Hong Kong — their biggest single-session decline in nearly three months — after the Beijing branch of SAMR summoned the company along with JD.com (JD - Free Report) , PDD Holdings (PDD - Free Report) , ByteDance and Xiaohongshu over alleged false advertising during the 618-midyear shopping festival. The summons highlighted Beijing's broader campaign against ruinous price wars and misleading promotional tactics, pushing platforms to pivot from aggressive discounting toward innovation and quality services.
For Alibaba, the Pupu bid signals confidence in its instant retail strategy even as near-term profitability faces pressure. Whether regulators ultimately clear the deal — and whether Alibaba can integrate Pupu's regional supply chain at scale — will shape how effectively this capital-intensive gamble pays off against a tightening competitive and regulatory landscape.
How JD.com and PDD Holdings Stack UpAlibaba's quick commerce push mirrors the strategic calculus of its two U.S.-listed rivals. JD.com has been scaling its food delivery arm steadily, with JD Food Delivery improving unit economics and narrowing sequential losses every quarter since launch, while JD Retail posted a record operating margin of 5.6% in the first quarter of 2026. JD.com, however, remains focused on organic build-out rather than large acquisitions. PDD Holdings, meanwhile, has signaled that supply chain investment is the company’s core strategic priority heading into its next decade, committing significant long-term resources even at the expense of near-term profitability. Both JD.com and PDD Holdings were among the platforms summoned by SAMR over 618 promotional practices, placing all three companies under similar regulatory clouds as each navigates its own path in China's fiercely contested local commerce arena.
BABA’s Share Price Performance, Valuation & EstimatesBABA shares have lost 23.1% in the year-to-date period, underperforming the Zacks Internet – Commerce industry and the Zacks Retail-Wholesale sector, respectively.
BABA’s YTD Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, BABA stock is currently trading at a trailing 12-month Price/Earnings ratio of 35.66X compared with the industry’s 29.42X. BABA has a Value Score of D.
BABA’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for fiscal 2027 earnings is pegged at $7.38 per share, down 4.3% over the past 60 days, indicating a 89.72% year-over-year increase.
Alibaba currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD) investors concerning the Company's possible violations of federal securities laws.IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN JD.COM, INC. (JD), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howard.
Law Offices of Howard G. Smith announces an investigation on behalf of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN JD.COM, INC. (JD), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned JD representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, JD’s stock price fell as much as 3% during intraday trading on June 11, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased JD securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: [email protected],
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260612260278/en/
Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of JD.com, Inc. (“JD” or the “Company”) (NASDAQ: JD) investors concerning the Company’s possible violations of the federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON JD.COM, INC. (JD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
What Happened?
On June 11, 2026, Bloomberg News reported that the Beijing branch of State Administration for Market Regulation summoned JD representatives "over what officials said was false advertising during the annual '618' midyear online shopping festival."
On this news, JD’s stock price fell as much as 3% during intraday trading on June 11, 2026, thereby injuring investors.
Contact Us To Participate or Learn More:
If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us.
Charles Linehan, Esq.,
Glancy Prongay Wolke & Rotter LLP,
1925 Century Park East, Suite 2100,
Los Angeles California 90067
Email: [email protected]
Telephone: 310-201-9150 (Toll-Free: 888-773-9224)
Visit our website at www.glancylaw.com.
Follow us for updates on LinkedIn, Twitter, or Facebook.
Whistleblower Notice
Persons with non-public information regarding JD should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email [email protected].
About Glancy Prongay Wolke & Rotter LLP
GPWR is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Recognizing the firm’s recent successes, GPWR was named one of Law360’s Securities Groups of the Year and ranked second-highest in total investor recoveries by Institutional Shareholder Services Securities Class Action Services in 2025. GPWR’s lawyers have handled cases covering a wide spectrum of corporate misconduct and relating to nearly all industries and sectors. GPWR’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money. Prior results do not guarantee a similar outcome.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260612825377/en/
What happenedYunqi Capital Ltd sold out its entire XPeng (XPEV +0.21%) position of 212,600 shares during the first quarter, according to a May 11, 2026, SEC filing. The estimated transaction value was $3.95 million, based on the period’s average unadjusted close. Yunqi Capital ended the quarter with no exposure to XPeng.
What else to knowYunqi Capital Ltd sold out of XPeng.Top holdings after the filing:STAAR Surgical (NASDAQ: STAA): $60.91 million (65.9% of AUM)Lufax Holding (NYSE: LU): $20.48 million (22.2% of AUM)Agora (NASDAQ: API): $7.10 million (7.7% of AUM)Pony AI (NASDAQ: API): $3.92 million (4.2% of AUM)As of May 10, 2026, XPeng shares were priced at $15.62, down 20.3% over the prior year and underperforming the S&P 500 by 50.9 percentage points. Company overviewMetricValuePrice (as of market close 2026-05-26)$15.59Market Capitalization$15.9 billionRevenue (TTM)$11.24 billionNet Income (TTM)($168.45 million)Company snapshotXPeng designs, manufactures, and markets smart electric vehicles (EVs), including SUVs (G3, G3i), sports sedans (P7), and family sedans (P5). It also provides related services, such as maintenance, charging, and vehicle leasing.XPeng is a China-based EV maker with a large global presence.XPeng is a leading Chinese manufacturer of smart electric vehicles. It leverages its proprietary technology and integrated service offerings to differentiate in the competitive EV sector. XPeng's strategy centers on innovation, user experience, and expanding its footprint among tech-savvy urban consumers.
What this transaction means for investorsAn institutional investor selling out of a stock does not necessarily mean there’s a problem with the company. XPeng is not a speculative EV start-up. In fact, it recently crossed a milestone by reporting its first-ever quarterly profit in the fourth quarter, with revenue rising 38% year over year. Its gross margin expanded to a record 21.3%, driven by cost-cutting and a better vehicle sales mix.
In full-year 2025, XPeng’s deliveries surged 125% to 429,445 vehicles. The momentum continues, with the EV maker revealing 80% growth in its first-quarter deliveries.
The biggest mistake investors make is assuming that XPeng is targeting only its local market, China. XPeng has aggressively expanded its global footprint and now operates in 60 countries and regions, including the UK, Germany, France, Australia, and Thailand. Its next big target is the Latin American market, with the company entering Mexico in March with the launch of its SUVs, the G6 and G9.
At this pace, XPeng is increasingly looking like one of the strongest Chinese EV companies with a strong focus on autonomous driving, artificial intelligence (AI) software, and smart vehicle ecosystems. XPeng has partnered with some of the largest global auto makers and automotive suppliers. With international markets also expected to contribute a much larger share of revenue over time, XPeng has also de-risked itself from Chinese competition to some extent.
Above all, with the company establishing a path to profitability, it’s the kind of EV stock you’d want to buy more of, or hold for the long term, instead of selling. Just bear in mind that XPeng is still a Chinese company and therefore susceptible to geopolitical tensions and tariffs.
Cash position[i] was RMB42.09 billion (US$6.10 billion) as of March 31, 2026 Quarterly total revenues were RMB13.03 billion, a 17.6% decrease year-over-year Quarterly gross margin was 20.6%, an increase of 5.0 percentage points over the same period of 2025 Quarterly vehicle margin was 12.1%, an increase of 1.6 percentage points over the same period of 2025 , /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company,"NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its unaudited financial results for the three months ended March 31, 2026.
Operational and Financial Highlights for the Three Months Ended March 31, 2026
2026Q1
2025Q4
2025Q3
2025Q2
2025Q1
2024Q4
Total deliveries
62,682
116,249
116,007
103,181
94,008
91,507
Total deliveries of vehicles were 62,682 for the first quarter of 2026, representing a decrease of 33.3% from 94,008 in the corresponding period of 2025. XPENG's physical sales network had a total of 733 stores, covering 256 cities as of March 31, 2026. XPENG self-operated charging station network reached 3,455 stations, including 2,398 XPENG ultra-fast charging stations as of March 31, 2026. Total revenues were RMB13.03 billion (US$1.89 billion) for the first quarter of 2026, representing a decrease of 17.6% from the same period of 2025, and a decrease of 41.4% from the fourth quarter of 2025. Revenues from vehicle sales were RMB11.00 billion (US$1.59 billion) for the first quarter of 2026, representing a decrease of 23.5% from the same period of 2025, and a decrease of 42.3% from the fourth quarter of 2025. Gross margin was 20.6% for the first quarter of 2026, compared with 15.6% for the same period of 2025 and 21.3% for the fourth quarter of 2025. Vehicle margin, which is gross profit of vehicle sales as a percentage of vehicle sales revenue, was 12.1% for the first quarter of 2026, compared with 10.5% for the same period of 2025 and 13.0% for the fourth quarter of 2025. Net loss was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.66 billion for the same period of 2025 and a profit of RMB0.38 billion for the fourth quarter of 2025. Excluding share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, non-GAAP net loss was RMB1.69 billion (US$0.24 billion) for the first quarter of 2026, compared with a loss of RMB0.43 billion for the same period of 2025 and a profit of RMB0.51 billion for the fourth quarter of 2025. Net loss attributable to ordinary shareholders of XPENG was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.66 billion for the same period of 2025 and a profit of RMB0.38 billion for the fourth quarter of 2025. Excluding share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, non-GAAP net loss attributable to ordinary shareholders of XPENG was RMB1.69 billion (US$0.24 billion) for the first quarter of 2026, compared with a loss of RMB0.43 billion for the same period of 2025 and a profit of RMB0.51 billion for the fourth quarter of 2025. Basic and diluted net loss per American depositary share (ADS) were both RMB1.87 (US$0.27) and basic and diluted net loss per ordinary share were both RMB0.93 (US$0.14) for the first quarter of 2026. Each ADS represents two Class A ordinary shares. Non-GAAP basic and diluted net loss per ADS were both RMB1.76 (US$0.26), and non-GAAP basic and diluted net loss per ordinary share were both RMB0.88 (US$0.13) for the first quarter of 2026. Cash position was RMB42.09 billion (US$6.10 billion) as of March 31, 2026, compared with RMB47.66 billion as of December 31, 2025. [i] Cash position includes cash and cash equivalents, restricted cash, short-term investments and time deposits. Time deposits include restricted short-term deposits, short-term deposits, current portion and non-current portion of restricted long-term deposits, current portion and non-current portion of long-term deposits.
Key Financial Results
(in RMB billions, except for percentages)
For the Three Months Ended
% Change[ii]
March 31,
December 31,
March 31,
2026
2025
2025
YoY
QoQ
Vehicle sales
11.00
19.07
14.37
-23.5 %
-42.3 %
Vehicle margin
12.1 %
13.0 %
10.5 %
1.6pts
-0.9pts
Total revenues
13.03
22.25
15.81
-17.6 %
-41.4 %
Gross profit
2.68
4.74
2.46
9.1 %
-43.4 %
Gross margin
20.6 %
21.3 %
15.6 %
5.0pts
-0.7pts
Net (loss) profit
(1.78)
0.38
(0.66)
168.7 %
N/A
Non-GAAP net (loss)
profit
(1.69)
0.51
(0.43)
295.9 %
N/A
Net (loss) profit
attributable to
ordinary shareholders
(1.78)
0.38
(0.66)
168.7 %
N/A
Non-GAAP net (loss)
profit attributable to
ordinary shareholders
(1.69)
0.51
(0.43)
295.9 %
N/A
Comprehensive (loss)
profit attributable to
ordinary shareholders
(2.06)
0.22
(0.69)
198.4 %
N/A
[ii] Except for vehicle margin and gross margin, where absolute changes instead of percentage changes are presented
Management Commentary
"Kickstarted by the successful launch of the GX, XPENG will deliver four new models this year, positioning us for a robust sales growth trajectory," said Mr. Xiaopeng He, Chairman and CEO of XPENG. "This year, I am dedicated to leading our team to achieve the mass production of Robotaxis and humanoid robots. We are nurturing a global business ecosystem to transform physical AI technologies into new growth drivers for revenue and profit."
"For the first quarter of 2026, our gross margin surpassed 20%. Our in-house technological innovation and surging international revenue enabled us to remain resilient through the industry's seasonal slowdown," added Dr. Hongdi Brian Gu, Vice Chairman and Co-President of XPENG. "We will accelerate the mass adoption and commercialization of physical AI applications as a corporate strategic priority."
Recent Developments
Deliveries in April 2026
Total deliveries were 31,011 vehicles in April 2026. As of April 30, 2026, year-to-date total deliveries were 93,693 vehicles. Launch of XPENG GX
On May 20, 2026, XPENG launched the XPENG GX, its tech flagship SUV.
Unaudited Financial Results for the Three Months Ended March 31, 2026
Total revenues were RMB13.03 billion (US$1.89 billion) for the first quarter of 2026, representing a decrease of 17.6% from RMB15.81 billion for the same period of 2025 and a decrease of 41.4% from RMB22.25 billion for the fourth quarter of 2025.
Revenues from vehicle sales were RMB11.00 billion (US$1.59 billion) for the first quarter of 2026, representing a decrease of 23.5% from RMB14.37 billion for the same period of 2025, and a decrease of 42.3% from RMB19.07 billion for the fourth quarter of 2025. The year-over-year and quarter-over-quarter decreases were mainly attributable to lower vehicle deliveries.
Revenues from services and others were RMB2.03 billion (US$0.29 billion) for the first quarter of 2026, representing an increase of 41.2% from RMB1.44 billion for the same period of 2025 and a decrease of 36.1% from RMB3.18 billion for the fourth quarter of 2025. The year-over-year increase was primarily attributable to increased revenues from technical research and development services ("technical R&D services") and parts and accessories sales. The quarter-over-quarter decrease was primarily due to the reduction in technical R&D services revenues following a significant milestone catch-up in the prior quarter, as well as no revenue contribution from carbon credit trading in the current quarter.
Cost of sales was RMB10.35 billion (US$1.50 billion) for the first quarter of 2026, representing a decrease of 22.5% from RMB13.35 billion for the same period of 2025 and a decrease of 40.9% from RMB17.51 billion for the fourth quarter of 2025. The year-over-year and quarter-over-quarter decreases were mainly in line with vehicle deliveries as described above.
Gross margin was 20.6% for the first quarter of 2026, compared with 15.6% for the same period of 2025 and 21.3% for the fourth quarter of 2025.
Vehicle margin was 12.1% for the first quarter of 2026, compared with 10.5% for the same period of 2025 and 13.0% for the fourth quarter of 2025. The year-over-year increase was primarily attributable to the cost reduction and improvement in product mix of models. The quarter-over-quarter decrease was due to higher unit vehicle costs resulting from increased memory chip and battery related costs.
Services and others margin was 66.5% for the first quarter of 2026, compared with 66.4% for the same period of 2025 and 70.8% for the fourth quarter of 2025. The quarter-over-quarter decrease was due to a decreased share of the revenue from technical R&D services and parts and accessories sales within total services and other revenue.
Research and development expenses were RMB2.91 billion (US$0.42 billion) for the first quarter of 2026, representing an increase of 46.8% from RMB1.98 billion for the same period of 2025 and an increase of 1.1% from RMB2.87 billion for the fourth quarter of 2025. The year-over-year increase was mainly due to higher expenses related to the development of new vehicle models and AI-related technologies as the Company expanded its product portfolio to support future growth.
Selling, general and administrative expenses were RMB1.88 billion (US$0.27 billion) for the first quarter of 2026, representing a decrease of 3.2% from RMB1.95 billion for the same period of 2025 and a decrease of 32.5% from RMB2.79 billion for the fourth quarter of 2025. The year-over-year and quarter-over-quarter decreases were primarily due to the lower commission to the franchised stores.
Other income, net was RMB0.18 billion (US$0.03 billion) for the first quarter of 2026, representing a decrease of 66.5% from RMB0.54 billion for the same period of 2025 and a decrease of 78.3% from RMB0.84 billion for the fourth quarter of 2025. The year-over-year and quarter-over-quarter decreases were primarily due to the decrease in receipt of government subsidies.
Fair value (loss) gain on derivative liability relating to the contingent consideration was a gain of RMB0.05 billion (US$0.01 billion) for the first quarter of 2026, compared with a loss of RMB0.12 billion for the same period of 2025 and a gain of RMB0.04 billion for the fourth quarter of 2025. This non-cash (loss) gain resulted from the fair value change of the contingent consideration related to the acquisition of DiDi Global Inc. ("DiDi")'s smart auto business.
Loss from operations was RMB1.87 billion (US$0.27 billion) for the first quarter of 2026, compared with RMB1.04 billion for the same period of 2025 and RMB0.04 billion for the fourth quarter of 2025.
Non-GAAP loss from operations, which excludes share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.80 billion for the same period of 2025 and a profit of RMB0.08 billion for the fourth quarter of 2025.
Net loss was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.66 billion for the same period of 2025 and a profit of RMB0.38 billion for the fourth quarter of 2025.
Non-GAAP net loss, which excludes share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, was RMB1.69 billion (US$0.24 billion) for the first quarter of 2026, compared with a loss of RMB0.43 billion for the same period of 2025 and a profit of RMB0.51 billion for the fourth quarter of 2025.
Net loss attributable to ordinary shareholders of XPENG was RMB1.78 billion (US$0.26 billion) for the first quarter of 2026, compared with a loss of RMB0.66 billion for the same period of 2025 and a profit of RMB0.38 billion for the fourth quarter of 2025.
Non-GAAP net loss attributable to ordinary shareholders of XPENG, which excludes share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, was RMB1.69 billion (US$0.24 billion) for the first quarter of 2026, compared with a loss of RMB0.43 billion for the same period of 2025 and a profit of RMB0.51 billion for the fourth quarter of 2025.
Basic and diluted net loss per ADS were both RMB1.87 (US$0.27) for the first quarter of 2026, compared with RMB0.70 basic and diluted net loss per ADS for the first quarter of 2025 and RMB0.40 basic and diluted net profit per ADS for the fourth quarter of 2025.
Non-GAAP basic and diluted net loss per ADS were both RMB1.76 (US$0.26) for the first quarter of 2026, compared with RMB0.45 non-GAAP basic and diluted net loss per ADS for the first quarter of 2025 and RMB0.53 and RMB0.52 non-GAAP basic and diluted net profit per ADS for the fourth quarter of 2025, respectively.
Balance Sheets
As of March 31, 2026, the Company had a cash position of RMB42.09 billion (US$6.10 billion), compared with RMB45.28 billion as of March 31, 2025 and RMB47.66 billion as of December 31, 2025.
Business Outlook
For the second quarter of 2026, the Company expects:
Deliveries of vehicles to be between 100,000 and 106,000, representing a year-over-year change of approximately -3.08% to +2.73%, and a quarter-over-quarter increase of approximately 59.54% to 69.11%. Total revenues to be between RMB19.60 billion and RMB20.80 billion, representing a year-over-year increase of approximately 7.25% to 13.82%, and a quarter-over-quarter increase of approximately 50.38% to 59.59%. The above outlook is based on the current market conditions and reflects the Company's preliminary estimates of market and operating conditions, and customer demand, which are all subject to change.
Conference Call
The Company's management will host an earnings conference call at 7:00 AM U.S. Eastern Time on May 28, 2026 (7:00 PM Beijing/Hong Kong Time on May 28, 2026).
For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration process and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.
Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.xiaopeng.com.
A replay of the conference call will be accessible approximately an hour after the conclusion of the call until June 4, 2026, by dialing the following telephone numbers:
United States:
+1-855-883-1031
International:
+61-7-3107-6325
Hong Kong, China:
800-930-639
Chinese Mainland:
400-120-9216
Replay Access Code:
10054534
About XPENG
XPENG is a leading Chinese Smart EV and NEV company that designs, develops, manufactures, and markets Smart EVs and NEVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs and NEVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.
Use of Non-GAAP Financial Measures
The Company uses non-GAAP measures, such as non-GAAP (loss) profit from operations, non-GAAP net (loss) profit, non-GAAP net (loss) profit attributable to ordinary shareholders, non-GAAP basic (loss) profit per ordinary share and non-GAAP basic (loss) profit per ADS, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses and fair value loss (gain) on derivative liability relating to the contingent consideration, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company's past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company's management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company's operating performance, investors should not consider them in isolation, or as a substitute for net (loss) profit or other consolidated statements of comprehensive (loss) profit data prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company's performance.
For more information on the non-GAAP financial measures, please see the table captioned "Unaudited Reconciliations of GAAP and non-GAAP Results" set forth in this announcement.
Exchange Rate Information
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB6.8980 to US$1.00, the exchange rate on March 31, 2026, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollar amounts referred to could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For Investor Enquiries
IR Department
XPeng Inc.
E-mail: [email protected]
Jenny Cai
Piacente Financial Communications
Tel: +1-212-481-2050 or +86-10-6508-0677
E-mail: [email protected]
For Media Enquiries
PR Department
XPeng Inc.
E-mail: [email protected]
XPENG INC.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in thousands, except for ADS/ordinary share and per ADS/ordinary share data)
Chinese electric-vehicle maker XPeng had a weak start to 2026, slipping back to a loss in the first quarter after becoming profitable at the end of last year.
Li Auto reports a first-quarter per share loss of 15 cents while Wall Street was looking for a loss of 13 cents. XPeng reports a loss of 13 cents; Wall Street expected a loss of 10 cents.
Chinese EV Rivals Split After Earnings as XPeng Impresses and Li Auto Stumbles Summary
XPeng shares climbed after stronger margins offset weaker deliveries, while Li Auto slid on heavy discounting and shrinking profitability
XPeng XPEV and Li Auto LI moved in opposite directions in premarket trading on Thursday after both Chinese automakers reported first-quarter results that topped revenue expectations but showed weaker profits and lower sales than a year earlier.
XPeng rose more than 3%, while Li Auto fell more than 3%, according to the market report.
XPeng's results drew support from margin improvement. Gross margin rose to 20.6% from 15.6% a year earlier, and vehicle margin increased to 12.1% from 10.5%. XPeng said lower costs and a better product mix helped, even as delivery volumes fell 33% to 62,682 units.
Li Auto, by contrast, reported weaker margins. Gross margin fell to 7.9% from 20.5% a year ago, while vehicle margin dropped to 6.1% from 19.8%. Li Auto said discounts and product mix weighed on performance, even though deliveries edged up 2.5% to 95,142 units.
XPeng reported revenue of RMB13.03 billion, down about 18%, and a net loss of RMB1.78 billion. Li Auto posted revenue of RMB23 billion, down 11%, and a net loss of RMB2.3 billion after a profit a year earlier.
First-quarter revenue totaled RMB 13.03 billion. Quarterly gross margin reached 20.6%. Overseas deliveries surpassed 6,000 units for the first time in April, targeting sustained monthly overseas deliveries above 10,000 units in Q4. The Ultra trim took over 80% of early GX orders, becoming one of the most popular choices in the premium segment market in China. In April, ADAS mileage penetration on VLA 2.0-equipped XPENG vehicles surpassed 50% for the first time. VLA 2.0 is currently under testing in Europe. , /PRNewswire/ -- XPENG, a leading Chinese AI-driven technology company, today announced its financial results for the first quarter of 2026.
Accelerating Physical AI Commercialization: VLA 2.0, Robotaxi and Humanoid Robotics in Full Swing
During the earnings call, He Xiaopeng, Chariman & CEO, detailed the company's ongoing transformation from an automotive manufacturer into a global leader in physical AI world.
VLA 2.0: VLA 2.0, which saw its ADAS mileage penetration rate on XPENG vehicles exceed 50% for the first time in April, is now being tested in Europe. Robotaxi: XPENG GX fleet is already conducting L4 public-road testing in Guangzhou ahead of Robotaxi pilot operations in Q3. The GX's L4 full-redundancy hardware and dual Turing SoC‑based VLA model are decoupled from the vehicle platform, enabling deployment across the entire XPENG lineup, including the MONA series. Humanoid Robotics: XPENG has recently completed the proprietary development of the next-gen agile and low-cost dexterous hand. XPENG strives to mass-produce its IRON humanoid robots by year-end, with initial deployment in XPENG showrooms, followed by commercial deliveries in China and overseas next year. Smart EV Business Drives Profitability, Overseas Markets Expect to Contribute Above 20% of Q2 Revenue
Mr. He emphasized that within the XPENG ecosystem, its smart EV business has already achieved profitability. Quarterly gross margin reached 20.6%. The rapid growth of the automotive segment has generated strong cash flow, supporting its R&D investment for physical AI.
In April, XPENG's single-month overseas deliveries surpassed 6,000 units for the first time. In Q1, XPENG also secured No.1 among emerging Chinese EV brands across Norway, Denmark, Portugal, Indonesia, Belgium and Ireland. Overseas markets expect to contribute above 20% of Q2 revenue.
Launched on May 20, the 6-seater flagship SUV XPENG GX is the ultimate culmination of XPENG's technology vision for the L4 era. Priced above RMB 350,000, the Ultra trim took over 80% of early GX orders, becoming one of China's most popular premium models.
In H2, XPENG plans to introduce four models globally, targeting sustained monthly overseas deliveries above 10,000 units in Q4 and more than doubling its full-year deliveries abroad.
Outlook: Mass Production of Physical AI Will Fuel Huge Returns
XPENG is advancing the mass production and global commercialization of three core physical AI applications—VLA 2.0, Robotaxi, and humanoid robots—as key pillars with strong potential for both commercial scale and capital returns. "According to XPENG's strategic roadmap, the B2B market is projected to thrive first, and international markets are ultimately expected to yield greater commercial returns than the domestic market", said He.
About XPENG
Founded in 2014, XPENG is a leading Chinese AI-driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting-edge technology, shaping the future of mobility.
To enhance the customer experience, XPENG develops its full-stack advanced driver-assistance system (ADAS) technology and intelligent in-car operating system in-house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Munich. Its Smart EVs are primarily manufactured at its facilities in Zhaoqing and Guangzhou, Guangdong province.
XPENG is listed on the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).
For more information, please visit https://www.xpeng.com/.
For Media Enquiries
PR Department
XPeng Inc.
E-mail: [email protected]
First-quarter revenue totaled RMB 13.03 billion. Quarterly gross margin reached 20.6%.Overseas deliveries surpassed 6,000 units for the first time in April, targeting sustained monthly overseas deliveries above 10,000 units in Q4.The Ultra trim took over 80% of early GX orders, becoming one of the most popular choices in the premium segment market in China.In April, ADAS mileage penetration on VLA 2.0-equipped XPENG vehicles surpassed 50% for the first time. VLA 2.0 is currently under testing in Europe., /PRNewswire/ -- XPENG, a leading Chinese AI-driven technology company, today announced its financial results for the first quarter of 2026.
Accelerating Physical AI Commercialization: VLA 2.0, Robotaxi and Humanoid Robotics in Full Swing
During the earnings call, He Xiaopeng, Chariman & CEO, detailed the company's ongoing transformation from an automotive manufacturer into a global leader in physical AI world.
VLA 2.0: VLA 2.0, which saw its ADAS mileage penetration rate on XPENG vehicles exceed 50% for the first time in April, is now being tested in Europe.Robotaxi: XPENG GX fleet is already conducting L4 public-road testing in Guangzhou ahead of Robotaxi pilot operations in Q3. The GX's L4 full-redundancy hardware and dual Turing SoC‑based VLA model are decoupled from the vehicle platform, enabling deployment across the entire XPENG lineup, including the MONA series.Humanoid Robotics: XPENG has recently completed the proprietary development of the next-gen agile and low-cost dexterous hand. XPENG strives to mass-produce its IRON humanoid robots by year-end, with initial deployment in XPENG showrooms, followed by commercial deliveries in China and overseas next year.Smart EV Business Drives Profitability, Overseas Markets Expect to Contribute Above 20% of Q2 Revenue
Mr. He emphasized that within the XPENG ecosystem, its smart EV business has already achieved profitability. Quarterly gross margin reached 20.6%. The rapid growth of the automotive segment has generated strong cash flow, supporting its R&D investment for physical AI.
In April, XPENG's single-month overseas deliveries surpassed 6,000 units for the first time. In Q1, XPENG also secured No.1 among emerging Chinese EV brands across Norway, Denmark, Portugal, Indonesia, Belgium and Ireland. Overseas markets expect to contribute above 20% of Q2 revenue.
Launched on May 20, the 6-seater flagship SUV XPENG GX is the ultimate culmination of XPENG's technology vision for the L4 era. Priced above RMB 350,000, the Ultra trim took over 80% of early GX orders, becoming one of China's most popular premium models.
In H2, XPENG plans to introduce four models globally, targeting sustained monthly overseas deliveries above 10,000 units in Q4 and more than doubling its full-year deliveries abroad.
Outlook: Mass Production of Physical AI Will Fuel Huge Returns
XPENG is advancing the mass production and global commercialization of three core physical AI applications—VLA 2.0, Robotaxi, and humanoid robots—as key pillars with strong potential for both commercial scale and capital returns. "According to XPENG's strategic roadmap, the B2B market is projected to thrive first, and international markets are ultimately expected to yield greater commercial returns than the domestic market", said He.
About XPENG
Founded in 2014, XPENG is a leading Chinese AI-driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting-edge technology, shaping the future of mobility.
To enhance the customer experience, XPENG develops its full-stack advanced driver-assistance system (ADAS) technology and intelligent in-car operating system in-house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Munich. Its Smart EVs are primarily manufactured at its facilities in Zhaoqing and Guangzhou, Guangdong province.
XPENG is listed on the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).
For more information, please visit https://www.xpeng.com/.
For Media Enquiries
PR Department
XPeng Inc.
E-mail: [email protected]
View original content:https://www.prnewswire.com/news-releases/xpeng-reports-q1-2026-results-gross-margin-sustains-high-level-of-20-6-accelerating-physical-ai-mass-production-commercialization-and-globalization-302784646.html
Item 1 of 2 A Xpeng's new flagship SUV GX car on stage during a launch event in Beijing, China May 20, 2026. REUTERS/Tingshu Wang
[1/2]A Xpeng's new flagship SUV GX car on stage during a launch event in Beijing, China May 20, 2026. REUTERS/Tingshu Wang Purchase Licensing Rights, opens new tab
CompaniesMay 28 (Reuters) - Electric vehicle maker Xpeng (9868.HK), opens new tab on Thursday forecast second-quarter revenue below market expectations, underscoring a prolonged slowdown in demand and stiff competition in the Chinese EV market.
Domestic car sales in China fell for a seventh straight month in April, with industry estimates showing that EV and plug-in hybrid sales growth were likely to slow in 2026 after years of rapid expansion.
Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.
Still, Chinese EV makers are betting on advanced driver-assistance systems, feature-rich vehicles and broader model lineups to help navigate the downturn.
Here are more details on Xpeng's first-quarter results:
Xpeng projected total revenue to be between 19.60 billion yuan ($2.89 billion) and 20.80 billion yuan in the second quarter, representing a year-over-year rise of 7.3% to 13.8%.
The forecast is below analysts' average estimate of 21.71 billion yuan, per data compiled by LSEG.
Revenue for the first quarter ended March stood at 13.03 billion yuan, above estimates of 12.93 billion yuan.
Total vehicle deliveries for the first quarter were 62,682 units, down 33.3% from 94,008 in the same period last year. For the June quarter, Xpeng projected deliveries to be between 100,000 and 106,000 units.
"Kickstarted by the successful launch of the GX, Xpeng will deliver four new models this year, positioning us for a robust sales growth trajectory," CEO Xiaopeng He said.
The company's U.S.-listed shares, which have slid nearly 19% so far this year up to last close, were up marginally in early trading.
Xpeng said first-quarter net loss attributable to ordinary shareholders stood at 1.78 billion yuan, widening from a loss of 664 million yuan in the year-ago period and compared with a profit of 383.2 million yuan reported in the previous quarter.
($1 = 6.7796 Chinese yuan renminbi)
Reporting by Deborah Sophia in Bengaluru; Editing by Diti Pujara
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Smart Money Is Buying Auto Suppliers, Not Car BrandsXPENG NYSE: XPEV said it expects a sharp rebound in second-quarter deliveries after a weaker first quarter, while management outlined a broader push to position the company around “physical AI” applications including advanced driver assistance, Robotaxis and humanoid robots.
Co-founder, Chairman and CEO He Xiaopeng said on the company’s first-quarter 2026 earnings call that XPeng formally changed its official Chinese name from XPeng Motors to XPeng Group, reflecting what he described as a transformation “from a smart EV company to a physical AI company.” He said the company’s smart EV business is expected to remain the foundation for growth, profitability and cash flow, while new AI-driven businesses could become additional revenue sources.
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Act Fast: These 3 Undervalued Stocks Won’t Stay Low for Long“Physical AI applications represent one of the most significant global strategic opportunities of the next decade,” He said through a translator. He said he plans to lead efforts this year to bring Robotaxis and humanoid robots into mass production while building the commercial ecosystems around them.
First-quarter revenue declines as deliveries fall XPeng delivered 62,682 vehicles in the first quarter. James Wu, vice president of finance and accounting, said total revenue was RMB 13.03 billion, down 17.6% year over year and 21.4% from the prior quarter. Vehicle sales revenue was RMB 11 billion, down 23.5% year over year and 42.3% sequentially, which Wu attributed mainly to lower vehicle deliveries.
MarketBeat Week in Review – 04/14 - 04/18Revenue from services and others totaled RMB 2.03 billion, up 41.2% year over year but down 36.1% from the fourth quarter. Wu said the annual increase was driven primarily by higher revenue from technical research and development services and parts and accessory sales. The sequential decline reflected reduced technical R&D services revenue after a milestone catch-up in the prior quarter, as well as no carbon credit trading revenue in the latest period.
Gross margin was 20.6%, compared with 15.6% a year earlier and 21.3% in the fourth quarter of 2025. Vehicle margin was 12.1%, up from 10.5% a year earlier but down from 13% in the prior quarter. Wu said the year-over-year improvement reflected cost reductions and better product mix, while the sequential decline was due to higher unit vehicle costs tied to increased memory chip and battery-related costs.
Research and development expenses rose 46.8% year over year to RMB 2.91 billion, driven by new vehicle model development and AI-related technologies. Selling, general and administrative expenses fell 3.2% year over year to RMB 1.88 billion, which Wu attributed mainly to lower commissions to franchise stores.
XPeng reported a loss from operations of RMB 1.87 billion and a net loss of RMB 1.78 billion for the quarter. The company ended March with RMB 42.09 billion in cash.
Company guides for more than 100,000 deliveries in second quarter Management forecast second-quarter deliveries of 100,000 to 106,000 vehicles, representing quarter-over-quarter growth of 59.5% to 69.1%. Revenue is expected to range from RMB 19.6 billion to RMB 20.8 billion, up 50.4% to 59.6% sequentially.
He said XPeng has moved beyond what he called a seasonal trough and is entering a period of stronger growth supported by four new models, higher production capacity and international expansion. He said the company plans to launch and begin deliveries of four all-new SUV models within six months, starting with the GX. Those vehicles were designed as global models from the beginning, he said.
Asked about second-quarter margins, Wu said total gross margin is expected to be around the same level as the first quarter. He noted that cost pressure from memory chips and battery raw materials is expected to continue, but said the GX should help product mix because its gross profit is “among the highest” in XPeng’s portfolio.
GX launch and MONA updates highlight vehicle pipeline He said XPeng launched the 2026 MONA M03 in April, including a Max version powered by the company’s Turing AI system-on-chip and an Ultra SE version supporting VLA 2.0. He said more than 85% of MONA M03 customers selected the Max or Ultra SE versions, and said the model has remained China’s top-selling A-class pure electric sedan for 19 consecutive months.
The company launched the GX on May 20, describing it as a flagship model built for the L4 era and China’s first pre-installed mass-produced Robotaxi model with full hardware redundancy. He said the Ultra flagship trim priced above RMB 350,000 accounted for more than 80% of initial firm orders.
In response to a question from Morgan Stanley analyst Tim Hsiao, He said GX sales have exceeded expectations. He said the lead time for the battery-electric flagship version has surpassed 30 weeks and that the Max version accounted for less than 5% of the mix, below expectations. He added that the extended-range version initially lagged the battery-electric version in popularity but is approaching the same level, particularly after expanded promotion in western and northern China.
He said XPeng is prioritizing both scale and operating quality, including supply chain stability and long-term sales performance. He added that most GX configurations are generating gross margins above the company’s expectations, though one SKU was below expectations.
International sales and localized production expand He said XPeng’s international deliveries exceeded 6,000 units in April for the first time, helped by the overseas delivery launch of the P7+. Beginning in the second quarter, international revenue is expected to exceed 20% of total revenue, he said. XPeng is targeting sustained monthly overseas deliveries of more than 10,000 units in the fourth quarter and aims to more than double full-year overseas deliveries.
Brian Gu, vice chairman and president, said international sales represented close to 20% of recent monthly volume, up from roughly 10% of global volume last year. He said international vehicle sales generate “significantly better” gross profit and net profit contribution, despite tariffs and cost increases.
Gu said XPeng currently has localized production in Indonesia and Malaysia for Southeast Asian demand, along with a partnership with Magna International in Austria to manufacture vehicles for Europe. He said the majority of European sales are expected to have local manufacturing at that production site, while markets without manufacturing facilities will continue under the current business model.
Robotaxi and humanoid robot plans move forward He said ADAS mileage penetration on VLA 2.0-equipped XPeng vehicles surpassed 50% in April, and said a new VLA release planned for the third quarter is expected to improve model performance. He said VLA 2.0 is being tested in Europe, where XPeng hopes to receive regulatory approvals in multiple countries next year.
XPeng’s fully redundant GX fleet is undergoing L4 public-road testing in Guangzhou, and He said the company aims to launch pilot passenger Robotaxi operations there in the third quarter. He said recent regulatory tightening in China has not negatively affected XPeng’s development schedule. Management said XPeng does not plan to operate Robotaxi fleets directly, but instead expects to work with domestic and international operating partners and earn commissions.
On humanoid robots, He said XPeng’s mass-production robot, IRON, is nearing a software-hardware integration stage and is targeted for mass production by year-end. Initial trial deployment is planned for XPeng showrooms, followed by commercial customer deliveries in China and overseas next year.
He said the first applications could include showroom roles such as tour guide or assisted shopper, with future potential in retail and other commercial settings. He said humanoid robot hardware gross margins could be superior to vehicle margins, and that software licensing or cloud-related revenue may offer additional commercial potential.
Charles Zhang, vice president, said XPeng continues to expect 2026 revenue from technology, services and intellectual property licensing to be comparable to 2025. He said the company will begin scaled delivery of its Turing SoC to partner Volkswagen starting in the second quarter and remains open to additional technology commercialization opportunities.
About XPENG NYSE: XPEVXPENG 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Xpeng (XPEV) faces declining deliveries and revenues, with Q1 2026 vehicle deliveries down 33.3% year-over-year and revenues falling 17.6%. Despite margin improvements to 20.6%, XPEV swung to a net loss of RMB 1.78 billion, driven by higher R&D and lower volumes. Management projects a Q2 rebound with 100,000–106,000 vehicle deliveries and RMB 19.6–20.8 billion in revenue, banking on new model launches.
, /PRNewswire/ -- XPeng Inc. ("XPENG" or the "Company,"NYSE: XPEV and HKEX: 9868), a leading global AI mobility technology company, today announced its vehicle delivery results for May 2026.
XPENG delivered a total of 32,158 vehicles in May, representing a 4% increase from the prior month.
XPENG's electric vehicles delivered from January to May 2026 are expected to reduce life-cycle greenhouse gas emissions by more than 2 million tons compared to internal combustion engine vehicles — equivalent to the carbon absorption of 33.16 million young trees over 10 years.
About XPENG
XPENG is a leading Chinese Smart EV and NEV company that designs, develops, manufactures, and markets Smart EVs and NEVs that appeal to the large and growing base of technology-savvy middle-class consumers. Its mission is to become a smart technology company trusted and loved by users worldwide. In order to optimize its customers' mobility experience, XPENG develops in-house its full-stack advanced driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Shenzhen, Silicon Valley and San Diego. The Company's Smart EVs and NEVs are mainly manufactured at its plants in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about XPENG's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: XPENG's goal and strategies; XPENG's expansion plans; XPENG's future business development, financial condition and results of operations; the trends in, and size of, China's EV market; XPENG's expectations regarding demand for, and market acceptance of, its products and services; XPENG's expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in XPENG's filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
XPeng missed Q1 EPS estimates amid a major delivery downturn, in part aided by seasonal effects, such as Chinese New Year holidays. XPEV reverted back to a GAAP net loss in the first quarter and suffered a sequential margin drop to 12.1%. I maintain a 'Buy' rating despite delivery and margin challenges, as the company just brought a new product, the GX SUV, to market. This EV has seen strong reservation momentum.
XPeng XPEV shares jumped about 5% on Monday after the Chinese electric-vehicle maker reported higher monthly deliveries and outlined environmental targets tied to its expanding vehicle fleet.
XPeng delivered 32,158 vehicles in May, marking a 4% increase from April and extending the company's recent delivery momentum. The latest figure came as competition in China's electric-vehicle market remained intense and industry demand showed mixed trends across manufacturers.
XPeng also said vehicles delivered between January and May 2026 are expected to lower lifecycle greenhouse-gas emissions by more than 2 million tons compared with gasoline-powered automobiles. The company linked the estimate to the broader environmental impact of its battery-powered vehicle lineup.
The May delivery total was slightly above April's 31,011 vehicles. XPeng has continued to focus on new model launches and advanced driving technologies as Chinese automakers compete for market share in the world's largest EV market.
Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands, amid a global shift towards electric vehicles.
, /PRNewswire/ -- XPENG (NYSE: XPEV, HKEX: 9868), a leading China-based high-tech company, kicks off its key presence at CVPR 2026 (The IEEE/CVF Conference on Computer Vision and Pattern Recognition). Dr. Xianming Liu, Head of General Intelligence Center at XPENG, spoke at the inaugural Workshop on Deployment of Foundation Models for Embodied AI (WDFM-EAI), sharing insights with global counterparts including Tesla, NVIDIA and Waymo. This marks XPENG's third attendance at the prestigious conference.
From Technical Concept to Mass Production: VLA2.0 Achieves Key Technical Breakthrough
Dr. Xianming Liu systematically deconstructed the evolution of XPENG's physical AI technology system, from concept validation and technical refinement to full-scale mass production. First unveiled at CVPR 2025, XPENG's in-house foundation model has now achieved a critical leap: VLA2.0 has entered formal mass production, marking an industry-leading closed loop from pre-research to commercial deployment. Within its first month, VLA2.0 set an industry milestone with over 50% assisted driving mileage share, establishing a new benchmark in China's assisted driving sector.
First Technical Blueprint for World Model Unveiled, Advancing Physical-World Foundation Models
Dr. Xianming Liu introduced the world model as another core pillar of XPENG's foundation model system. XPENG is developing a world model capable of Deliberative Reasoning, Controllable Generation, and Long-Horizon Forecasting. Rather than competing, the world model and VLA2.0 complement each other: VLA2.0 learns "how to act" from human driving, while the world model learns "how the world changes after an action" by predicting future states and scene evolution. Together, they form XPENG's Physical-World Foundation Model, essentially pursuing the same goal: building a sufficiently powerful foundation model for the physical world.
XPENG specifies these three core capacities as essential for qualified world models and autonomous driving. Its R&D team has published three papers: X-World, X-Foresight, X-Cache, detailing corresponding R&D approaches.
Continuing Validation of Scaling Law: XPENG Accelerates Large-Scale Rollout of Physical AI
In the 12 months ending March this year, XPENG's cluster delivered a 1,010% uplift in per-GPU training efficiency and a 4,360% gain in single-job training efficiency, while GPU hardware utilization climbed from 40% to 90%, matching benchmarks set by top-tier global AI firms.
As VLA2.0's capabilities continue to expand, XPENG is accelerating the large-scale deployment of its core Physical AI applications: VLA2.0, Robotaxi, and Humanoid Robots. The IRON humanoid robot is progressing toward mass production by the end of 2026, with plans to enter XPENG's offline stores as a shopping guide in Q1 2027.
Appendix: XPENG World Model Related Academic Papers
X-World Paper: https://arxiv.org/pdf/2603.19979
X-World Official Site: https://x-world-1.github.io/
X-Cache Paper: https://arxiv.org/abs/2604.20289
X-Cache Official Site: https://x-cache-1.github.io/en/
X-Foresight Official Site: https://x-foresight-1.github.io/en/
About XPENG
Founded in 2014, XPENG is a leading Chinese AI-driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting-edge technology, shaping the future of mobility.
To enhance the customer experience, XPENG develops its full-stack advanced driver-assistance system (ADAS) technology and intelligent in-car operating system in-house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Amsterdam. Its Smart EVs are primarily manufactured at its facilities in Zhaoqing and Guangzhou, Guangdong province.
XPENG is listed on the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).
For more information, please visit https://www.XPENG.com/.
Contacts:
For Media Enquiries:
XPENG PR Department
Email: [email protected]
China has deliberately and aggressively expanded its EV footprint throughout Europe, the U.K., Asia and Australia, exporting millions of vehicles, building factories and widening supply chains. Despite tariffs, stringent regulations and fierce opposition from lawmakers and the American auto industry, there's a growing possibility that Chinese electric vehicles will be sold in the U.S. in the next few years.
Item 1 of 2 Xpeng's humanoid robot Iron stands at the Chinese electric vehicle (EV) maker's booth during a media day for the Auto Shanghai show in Shanghai, China April 23, 2025. REUTERS/Go Nakamura/File Photo
[1/2]Xpeng's humanoid robot Iron stands at the Chinese electric vehicle (EV) maker's booth during a media day for the Auto Shanghai show in Shanghai, China April 23, 2025. REUTERS/Go Nakamura/File Photo Purchase Licensing Rights, opens new tab
CompaniesBEIJING, June 10 (Reuters) - The chief executive of Xpeng (9868.HK), opens new tab said on Wednesday he would personally lead the company’s robotics business, as the Chinese electric vehicle maker — emerging as a frontrunner in humanoid robotics among automakers — pushes toward mass production by year-end.
"The (robot) industry is becoming increasingly hot and competitive, and we have clearly seen the direction and timing of victory, but it still requires more arduous implementation and extremely high decision-making ability," Xpeng CEO He Xiaopeng said in an internal letter reviewed by Reuters.
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He said the decision to take on the role of "CEO" of the robotics unit, effective immediately, comes "on the eve of mass production and commercialisation" of Xpeng's humanlike IRON robots, which debuted last year.
The announcement follows market talk that Shi Xiaoxin, a core executive involved in the IRON project, had left the company earlier this month. Xpeng confirmed on Wednesday that Shi had resigned as senior director of robotics product planning, without giving further details.
The EV maker, pivoting toward "physical AI" encompassing humanoids, robotaxis and flying cars, has set a goal of starting mass production of IRON robots by the end of 2026.
The humanoids are expected to see trial use in Xpeng's retail stores before being delivered to commercial customers in China and overseas from 2027 when robotics hardware and related AI models are set to become one of the main drivers of revenue and gross margins, He said on an earnings call in late May.
Xpeng's first-quarter revenue fell 17.6% year on year while its net losses widened from the year before, reversing its first-ever quarterly break-even in the fourth quarter.
Reporting by Qiaoyi Li and Kevin Krolicki
Our Standards: The Thomson Reuters Trust Principles., opens new tab
—— 11% above WLTP to 646 km and 12m55s charge secure double victory at NAF El Prix Summer 2026
, /PRNewswire/ -- The XPENG X9 recorded the largest positive deviation from WLTP range and the fastest charging time among all vehicles tested in the summer edition of El Prix 2026, the world's largest independent electric vehicle test organised by the Norwegian Automobile Federation (NAF) and Motor magazine.
The seven-seater achieved the highest result among all 24 vehicles tested, delivering a leading 11.4% positive deviation versus its official WLTP range. In real-world conditions, it covered a total of 646 km and continued operating for more than 11 hours after the start of the test. NAF noted that the XPENG X9 "clearly stood out" in this year's range evaluation.
The X9 also delivered the fastest charging performance, going from 10% to 80% in 12 minutes and 55 seconds. At the El Prix Winter 2026 held in February, the model again topped the field at -10°C with a 12-minute charge. While Europe's current 400 kW charging infrastructure has yet to fully unlock the X9's maximum capability, the vehicle continues to achieve top-tier charging times across different environments.
The result makes the XPENG X9 the standout performer of El Prix and further demonstrates the real world benefits of XPENG's latest generation EV technology.
"Recording the largest WLTP range deviation and the fastest charging time is strong validation of the technology behind the XPENG X9," said Alex Tang, General Manager of International Business at XPENG. "Customers should not have to choose between long range and fast charging. The X9 delivers both, helping drivers spend more time on the road and less time waiting at a charger."
Held twice a year, El Prix is widely regarded as the world's largest independent comparison of electric vehicle range and charging performance. The results are closely followed by consumers, media and manufacturers across Europe.
The XPENG X9 is one of new XPENG models launching in Europe during 2026, with Norway serving as the first market. Combining long range capability, ultra‑fast charging and premium comfort for up to seven passengers, it plays a key role in XPENG's continued growth ambitions across one of the world's most advanced EV regions.
About XPENG
Founded in 2014, XPENG is a leading Chinese-born AI-driven mobility company that designs, develops, manufactures, and markets Smart EVs, catering to a growing base of tech-savvy consumers. With the rapid advancement of AI, XPENG aspires to become a global leader in AI mobility, with a mission to drive the Smart EV revolution through cutting-edge technology, shaping the future of mobility. To enhance the customer experience, XPENG develops its full-stack advanced driver-assistance system (ADAS) technology and intelligent in-car operating system in-house, along with core vehicle systems such as the powertrain and electrical/electronic architecture (EEA). Headquartered in Guangzhou, China, XPENG also operates key offices in Beijing, Shanghai, Silicon Valley, and Amsterdam. Its Smart EVs are primarily manufactured at its facilities in Zhaoqing and Guangzhou, Guangdong province.
XPENG is listed at the New York Stock Exchange (NYSE: XPEV) and Hong Kong Exchange (HKEX: 9868).
For more information, please visit https://www.xpeng.com/.
Media Contacts
XPENG PR Department
Email: [email protected]
XPeng (XPEV) got a credibility boost in Europe after its X9 electric MPV topped a major real-world EV test in Norway.The company said the X9 was the best-perfor
The Trade Desk (TTD) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Rothschild Redburn has initiated coverage on the ad-tech giant with a “Sell” rating and an $11 price target, projecting a steep 50.65% downside from current levels.
Squeezed On Multiple FrontsThe heavily bearish outlook centers on The Trade Desk's weakening competitive position, as it currently operates within just a single link of the advertising supply chain.
Rothschild Redburn warns that these mounting threats will likely manifest in market share loss and take-rate compression that is not yet priced into consensus expectations.
Edge Rankings Signal Deepening Bear TrendThese fundamental headwinds align closely with deteriorating technical indicators. Benzinga Edge’s Stock Rankings reveal that The Trade Desk's momentum score has dropped week-on-week to a dismal 2.24.
This ranking measures a stock’s relative strength based on price movement patterns and volatility over multiple time frames compared to peers. Furthermore, the stock is flashing red across its short, medium, and long-term price trends.
While its growth score remains high at 87.82, its quality ranking—which evaluates operational efficiency and financial health—sits at a weak 11.87.
A Grueling Year For ShareholdersThe stock has plunged 70.69% over the past year and is down 41.28% year-to-date. Shares closed at $22.29 on Wednesday and it was down 3.32% in premarket on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Every retirement portfolio in America seems to have one stock in common right now: NVIDIA (NASDAQ:NVDA | NVDA Price Prediction), the AI hardware giant that just printed $81.6 billion in quarterly revenue and 85.23% year-over-year growth.
The Most Crowded Trade on Wall Street NVIDIA is a great company. That is a separate question from whether it is a great stock to buy at $214.25. Shares have gained 58.96% over the past year and 1,222% over five years, pushing the stock to a price-to-sales ratio of 20 and a price-to-book of 26. At a $5.15 trillion market cap, there is little room for upside surprise and plenty of room for disappointment.
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The Action For investors looking beyond the most-owned stock on Wall Street, Trade Desk is the name institutional money is quietly accumulating well below the FY2025 buyback average of $52.60, and it warrants further research this quarter.
SAN FRANCISCO--(BUSINESS WIRE)--Hightouch, the leading Composable CDP and Agentic Marketing Platform, today announced Exposure Log Matching for The Trade Desk. The new Match Booster capability resolves The Trade Desk's Raw Event Data Stream (REDS) logs directly to a brand's own customer and household IDs, landing the data in the customer's warehouse for measurement, reporting, and AI analysis. The Trade Desk gives advertisers a detailed record of every impression, click, and conversion, along w.
Trade Desk stock is among today’s top performers. Why is TTD stock up today? Why Buyers Are Rotating Back Into Growth And TechToday's strength looks tied to a broader shift into growth and tech rather than a single headline. Buyers are stepping in as TTD holds above its near‑term moving averages, giving the chart a cleaner look after months of pressure.
Tech is leading the market with XLK up 2.60%, which helps explain why TTD is outperforming even though overall breadth remains weak with an advance‑decline ratio of 0.4 and more sectors declining than advancing.
The Technical SideTTD has reclaimed its 20‑day and 50‑day simple moving averages, trading 3.8% above the 20‑day SMA at $22.18 and 3.1% above the 50‑day SMA at $22.33. That positioning supports the idea that this bounce has some traction in the short term.
The longer‑term trend is still the main obstacle. The stock remains 11.3% below the 100‑day SMA at $25.96 and 36.1% below the 200‑day SMA at $36.05. The 50‑day SMA is still below the 200‑day SMA, which is a bearish configuration that typically limits how far rallies can run until the structure begins to repair.
RSI sits at 46.30, a neutral reading that signals this is more of a rebound inside a larger downtrend than an overbought breakout. RSI essentially measures whether buying pressure is stretched, and right now it is not. The most recent swing low formed in April near the 52‑week low zone, while the swing high from March remains the nearest reference point for overhead supply.
Key levels are straightforward. Resistance sits at $24.50, a nearby pivot where rebounds often stall and where sellers tend to test the strength of a move. Support is at $20, a round‑number level near the recent 52‑week low at $19.74 where buyers previously stepped in.
TTD Shares Are RisingTTD Price Action: Trade Desk shares were up 7.37% at $23.15 at the time of publication on Monday. The stock is near its 52-week low of $19.73, according to Benzinga Pro.
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Interim CFO Tahnil Davis to Resume Previous Role as Chief Accounting Officer
VENTURA, Calif.--(BUSINESS WIRE)--The Trade Desk (NASDAQ: TTD), a leading global advertising technology company, today announced the appointment of Nate Olmstead as Chief Financial Officer, effective July 9, 2026, to drive sustained accelerated growth and scale for the company. Olmstead will report to Jeff Green, The Trade Desk’s CEO and Co-Founder.
“From our earliest days, The Trade Desk has focused on building for the long term — for our clients, our partners and the broader open internet,” said Jeff Green. “Nate deeply understands that mission and brings the experience, rigor and leadership to help guide our next phase of growth. I look forward to having him on our leadership team.”
Olmstead joins from Penguin Solutions, an artificial intelligence infrastructure and technology solutions company, where he was SVP and CFO. Prior to that, he served as CFO of Logitech International S.A, a multinational company. He also held a number of financial leadership roles during his 16 years at Hewlett Packard Company and Hewlett Packard Enterprise.
“The Trade Desk has built a remarkably strong and differentiated business over the past decade, and I admire the commitment to helping shape a better, more open internet,” said Olmstead. “I’m excited to join the team and help support the company’s consistent growth and profitability in the future.”
Tahnil Davis, who served as interim CFO, will continue to serve as Chief Accounting Officer, the title she held before taking on the interim role.
“I’m very appreciative of Tahnil’s continued commitment to The Trade Desk,” said Jeff Green. “She has been a trusted steward of our finances for over a decade, and I look forward to her continuing to serve as our Chief Accounting Officer and an advisor to both myself and Nate.”
An 11-year veteran of the company, Davis will work closely with Olmstead on the transition and report into Olmstead.
About The Trade Desk
The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific. To learn more, visit thetradedesk.com or follow us on Facebook, Twitter, LinkedIn, and YouTube.
On June 01, 2026, The Trade Desk Inc TTD shares experienced a notable rise of 7.7%, bringing the current price to $23.22. This price sits within a 52-week range of $19.74 to $91.45, highlighting significant volatility over the past year.
GF Value™ verdict: Current price at $23.22 is 81.2% below the GF Value™ of $123.81.GF Score™ of 87/100 indicates a strong overall performance across key financial metrics.Most notable signal: Insiders bought $148.1M worth of stock and sold only $4.7M in the last 3 months. Is TTD Overvalued or Undervalued? With a current price of $23.22 and a GF Value™ of $123.81, The Trade Desk Inc TTD is significantly undervalued by approximately 81.2%. This situation presents a substantial margin of safety for potential investors, as the current trading price is well below the intrinsic value estimated by GuruFocus. The GF Valuation label indicates that TTD is significantly undervalued, suggesting an opportunity for long-term growth. However, it is essential to consider the risks involved, particularly in a volatile market where past performance does not guarantee future results. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.
How Does TTD's Valuation Compare to Its History? MetricCurrentHistorical P/E (TTM)26.4x199.0x Forward P/E12.6xN/A The current P/E ratio of 26.4x is significantly below its 5-year median P/E of 199.0x, indicating that the stock is trading at a much lower valuation compared to its historical average. This P/E analysis aligns with the GF Value™ verdict of undervaluation, further emphasizing the opportunity that may exist for prospective investors.
What Does TTD's GF Score™ Tell Us? MetricRating GF Score™87/100 Financial Strength8/10 Profitability10/10 Growth10/10 Valuation2/10 Momentum4/10 The GF Score™ of 87/100 indicates strong overall performance, particularly in Profitability and Growth, where TTD scores a perfect 10/10. However, the Valuation rank of 2/10 suggests that the stock may be undervalued relative to its historical performance. This combination of strengths in financial fundamentals and growth potential, coupled with a lower valuation score, highlights the intriguing investment case for TTD.
What Are Insiders Doing with TTD Stock? Recent insider activity shows that insiders have been bullish on TTD, purchasing $148.1 million worth of shares while only selling $4.7 million in the last three months. This pattern of significant insider buying often indicates confidence in the company’s future prospects and may suggest that insiders believe the stock is undervalued at current prices.
What This Means for Investors Based on the GF Value™ assessment, The Trade Desk Inc TTD is clearly undervalued at its current price of $23.22 compared to a fair value estimate of $123.81. While there are potential opportunities for growth, it is crucial to remain aware of the inherent risks in the market.
For the complete analysis, visit the The Trade Desk Inc TTD stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.
Frequently Asked Questions What is TTD's GF Score™?
TTD has a GF Score™ of 87/100, which indicates a strong overall performance across key financial metrics and suggests potential for higher long-term returns.
Is TTD overvalued or undervalued?
TTD is undervalued according to the GF Value™ assessment, with its current price being significantly below the fair value estimate.
What is TTD's P/E ratio?
The current P/E ratio for TTD is 26.4x, which is substantially lower than its 5-year median of 199.0x, indicating a lower valuation compared to its historical average.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of The Trade Desk, Inc. (NASDAQ: TTD) breached their fiduciary duties to shareholders.
If you currently own Trade Desk stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
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Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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Did The Trade Desk, Inc. Insiders Breach their Fiduciary Duties to Shareholders? PR Newswire
NEW YORK, June 5, 2026
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating whether certain officers and directors of The Trade Desk, Inc. (NASDAQ: TTD) breached their fiduciary duties to shareholders.
If you currently own Trade Desk stock and are a long-term shareholder, you may be able to seek corporate governance reforms, the return of funds back to the company, a court-approved financial incentive award, or other relief and benefits. Please click here to learn more about your legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
Why Your Participation Matters:
Shareholder involvement can help improve a company's policies, practices, and oversight mechanisms to create a more transparent, accountable, and effectively managed organization, which can enhance shareholder value.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Halper Sadeh LLC
One World Trade Center
85th Floor
New York, NY 10007
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060 [email protected] [email protected]
https://www.halpersadeh.com
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VENTURA, Calif.--(BUSINESS WIRE)--Global advertising technology leader The Trade Desk (NASDAQ: TTD) today announced the appointment of David Haddad to its board of directors. A veteran media and entertainment executive, Haddad brings more than three decades of leadership experience building and scaling global businesses across some of the world's most influential media companies.
“David brings a unique combination of operational excellence and deep media expertise that will be invaluable as our industry enters its next chapter,” said Jeff Green, CEO and Co-Founder of The Trade Desk. “Having helped lead some of the most iconic companies in media and entertainment, he understands both how great businesses scale and how premium content creates value. His perspective will strengthen our board as we continue building technology that helps fund and preserve a vibrant open internet.”
Haddad most recently spent more than a decade at Warner Bros. Entertainment, a division of Warner Bros. Discovery, where he held several leadership positions, most recently President of WB Games. Prior to Warner Bros., he served as Chief Operating Officer of Activision Blizzard and held senior leadership roles at Vivendi Games, Mattel and Disney, building a career spanning more than three decades across entertainment, consumer products and interactive content.
“What Jeff and The Trade Desk have accomplished is remarkable – not only in building a market-leading business, but in helping create a more transparent and effective advertising ecosystem,” said Haddad. “I’m honored to join the board and look forward to supporting the company as it continues to grow, innovate and create value for its clients, partners and shareholders.”
Haddad holds a B.S. in Business Administration from Miami University and a M.B.A. from Harvard Business School.
About The Trade Desk
The Trade Desk™ is a technology company that empowers buyers of advertising. Through its self-service, cloud-based platform, ad buyers can create, manage, and optimize digital advertising campaigns across ad formats and devices. Integrations with major data, inventory, and publisher partners ensure maximum reach and decisioning capabilities, and enterprise APIs enable custom development on top of the platform. Headquartered in Ventura, CA, The Trade Desk has offices across North America, Europe, and Asia Pacific. To learn more, visit thetradedesk.com or follow us on Facebook, Twitter, LinkedIn, and YouTube.
As digital advertising shifts toward powerful closed platforms, questions are mounting about how The Trade Desk (TTD +2.06%) can adapt, reignite growth, and justify its valuation. Watch the video below to see why one investor is staying cautious.
*This video was published on Jun. 9, 2026.
Andy Cross has positions in Alphabet, Netflix, and The Trade Desk. Asit Sharma, CPA has positions in Netflix. Jason Hall has positions in The Trade Desk and has the following options: long September 2026 $25 calls on The Trade Desk and short January 2028 $40 puts on The Trade Desk. The Motley Fool has positions in and recommends Alphabet, Netflix, and The Trade Desk. The Motley Fool has a disclosure policy.
The Trade Desk (TTD +2.06%) stock is down over 86% off its highs reached in late 2024.
*Stock prices used were the afternoon prices of June 8, 2026. The video was published on June 10, 2026.
Parkev Tatevosian, CFA has positions in The Trade Desk. The Motley Fool has positions in and recommends The Trade Desk. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The Trade Desk is downgraded from strong buy to buy as emerging risks temper long-term optimism. TTD faces customer relationship risk after agreement audits from major clients Publicis and Omnicom, potentially impacting future financials. Executive turnover, including recent CFO and CMO departures, raises internal risk and questions about management stability.
