Xiaomi buys back 4.11 million shares as Xiaomi stock sits 54.10 percent below its high

Published on 10/06/2026 at 09:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 2026 revenue hit RMB 108.90 billion, with a 19.80 percent margin. Xiaomi stock costs EUR 2.74 on October 6, 2026 after EUR 2.75.

Xiaomi Corp., KYG9830T1067, Illustration mit AI erstellt.

Xiaomi Corp. (KYG9830T1067) bought back 4.11 million shares as Xiaomi stock stood 54.10 percent below its EUR 5.97 52-week high on October 5, 2026. Borse Express reported the buyback on October 4, 2026, alongside September vehicle deliveries above 40,000 units.

Buyback meets delivery growth

The repurchase covered Xiaomi Class B shares and formed part of a broader effort to support shareholder value. The same report said the SkyNomad SUV passed 10,000 deliveries in its first month, adding a concrete operating counterpoint to the pressure on the share price.

Xiaomi's September vehicle figure followed 104,199 deliveries in the second quarter of 2026. That represented the sixth consecutive quarter of year-over-year delivery growth, according to the company's results call.

Revenue reaches RMB 108.90 billion

In the second quarter of 2026, Xiaomi generated RMB 108.90 billion in total revenue and RMB 6.20 billion in adjusted net profit. Its gross margin was 19.80 percent, while smartphone gross margin was 8.50 percent.

The mix shows why the stock story extends beyond smartphones. Smart EV, AI and other new initiatives produced RMB 24.90 billion in second-quarter revenue, up 17.10 percent year over year, while the segment recorded an operating loss of RMB 2.60 billion. These figures come from the Yahoo Finance transcript of the August 18, 2026 results call.

HSBC sees a margin recovery

On September 30, 2026, HSBC initiated coverage with a Buy rating and a HKD 33.20 price target, according to Ariva. The bank described 2026 as a transition year and expects smartphone margins to recover as new flagship products arrive.

That view depends on a difficult balance. Xiaomi reported 31.20 million smartphone shipments in the second quarter, while smartphone revenue was RMB 42.10 billion and memory costs remained a pressure on margins.

Stock remains below its yearly high

At Lang & Schwarz, Xiaomi stock was trading at EUR 2.74 on October 6, 2026 at 9:15 a.m. CEST, down 0.36 percent versus the prior close of EUR 2.75. The reference price remains well below the EUR 5.97 52-week high cited for October 5, 2026, while Xiaomi's second-quarter results show growth in vehicles and new initiatives alongside smartphone pressure.

The further course of trading is shown by the continuously updated real-time quote of Xiaomi stock.