Kandi Technologies stock falls 7.84 percent as H1 profit surges

Published on 10/06/2026 at 16:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kandi Technologies reported USD 57.1 million in first-half revenue on September 28, 2026, up 57.4 percent year over year. Operating income returned to USD 5.5 million.

KNDI, VGG5214E1034, Illustration mit AI erstellt.

Kandi Technologies stock (ISIN VGG5214E1034) was trading at USD 0.65 on Nasdaq on October 6, 2026 at 10:22 a.m. ET, down 7.84 percent from the prior close of USD 0.71. The latest company catalyst is a sharp first-half operating rebound, although the share price is still 51.9 percent below its 52-week high of USD 1.35.

First-half revenue jumps 57.4 percent

Nasdaq reported on September 28, 2026 that Kandi generated USD 57.1 million in revenue for the six months ended June 30, 2026, up 57.4 percent from USD 36.3 million in the comparable 2025 period. Revenue from off-road vehicles and related parts increased 59.4 percent to USD 54.2 million, keeping the core vehicle business central to the recovery.

The earnings mix also improved. Net income rose 452.2 percent to USD 9.4 million from USD 1.7 million, while diluted earnings per share increased to USD 0.10 from USD 0.02, according to Nasdaq.

Profitability improves but margins narrow

Operating income returned to a USD 5.5 million profit in the first half of 2026, compared with a USD 1.9 million operating loss a year earlier. That USD 7.4 million swing is the clearest sign of operating leverage in the reported period, while operating expenses rose only 5.3 percent to USD 19.3 million.

Gross profit increased to USD 24.8 million from USD 16.4 million, but gross margin fell to 43.5 percent from 45.2 percent. Investing.com reported on September 28, 2026 that management is balancing the North American off-road vehicle business with battery-swapping equipment and AI data center energy solutions. The lower margin makes execution and product mix important for the next phase.

Cash supports the expansion plan

Kandi held USD 285.7 million in cash, restricted cash and certificates of deposit on June 30, 2026, up from USD 211.9 million at December 31, 2025. The balance gives the company financial capacity to develop new products, integrate Rawrr and pursue its battery-swapping and energy businesses, although those newer operations remain smaller than the off-road vehicle segment.

Stock trades near yearly low

Kandi Technologies stock was last at USD 0.65 on Nasdaq on October 6, 2026 at 10:22 a.m. ET. The session range was USD 0.65 to USD 0.72, the 52-week range was USD 0.48 to USD 1.35, and market capitalization stood at USD 54.3 million.