Xiaomi reports 70,000 Sky Nomad orders: Xiaomi stock sits 43.36 percent below its high

Published on 10/16/2026 at 10:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Xiaomi's Sky Nomad range logged more than 70,000 orders in its first month. Xiaomi stock costs EUR 3.03 on October 16, 2026, versus its EUR 5.35 high.

Electric vehicle demand supports Xiaomi

Sky Nomad secured more than 70,000 locked-in orders by October 13, 2026.
Xiaomi reported RMB 108.9 billion in second-quarter 2026 revenue and RMB 6.2 billion in adjusted net profit.
Xiaomi stock trades at EUR 3.03 at 10:13 a.m. CEST at Lang & Schwarz on October 16, 2026.

Xiaomi Corp., KYG9830T1067, Illustration mit AI erstellt.

Xiaomi Corp. (ISIN KYG9830T1067) reported more than 70,000 locked-in orders for its Sky Nomad electric-vehicle range during its first month, while September deliveries exceeded 40,000 vehicles, according to Moomoo on October 14, 2026. Xiaomi stock was trading at EUR 3.03 at Lang & Schwarz on October 16, 2026 at 10:13 a.m. CEST, while its 52-week high stood at EUR 5.35.

Electric vehicles add operating weight

The order figure gives Xiaomi's newer vehicle business a measurable demand signal as the group broadens beyond smartphones. The same report linked the orders to September vehicle deliveries above 40,000 units, the company's strongest monthly performance in 2026, according to Moomoo.

That expansion matters because Xiaomi's latest reported quarter already showed a substantial contribution from smart electric vehicles. In the second quarter of 2026, the company generated RMB 23.9 billion in smart EV revenue and delivered 104,199 vehicles, according to the Yahoo Finance transcript.

What does the second quarter show?

The second-quarter numbers show both scale and pressure. Xiaomi reported RMB 108.9 billion in total revenue and RMB 6.2 billion in adjusted net profit for the quarter ended June 30, 2026, while group gross margin reached 19.8 percent, according to Yahoo Finance. Smartphone gross margin was 8.5 percent, making the vehicle business increasingly important to the group's earnings mix.

Three milestones shape the picture

On August 18, 2026, Xiaomi announced its second-quarter results, including RMB 108.9 billion in revenue, according to the company's Xiaomi Corporation investor-relations page. In September 2026, vehicle deliveries exceeded 40,000 units, according to Investing.com. On October 13, 2026, the Sky Nomad range passed 70,000 locked-in orders, according to Moomoo.

Stock remains below its yearly high

The market picture remains defined by the gap between Xiaomi's operating expansion and its share price. At EUR 3.03, the stock stood 43.36 percent below the EUR 5.35 52-week high, leaving the electric-vehicle order flow as a key test of whether new business lines can offset smartphone margin pressure.

Xiaomi stock was trading at EUR 3.03 at Lang & Schwarz on October 16, 2026 at 10:13 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Xiaomi stock.