Xiaomi repurchases 4.11 million shares. Xiaomi stock loses 1.09 percent

Published on 10/05/2026 at 11:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Xiaomi reported CNY 108.9 billion revenue in the second quarter of 2026. Xiaomi stock costs EUR 2.72 on October 5, 2026 after EUR 2.75.

Xiaomi Corp., KYG9830T1067, Illustration mit AI erstellt.

Xiaomi (KYG9830T1067) repurchased 4,112,000 Class B shares on October 2, 2026, according to Futu. Xiaomi stock was trading at EUR 2.72 at Lang & Schwarz on October 5, 2026 at 11:37 a.m. CEST, down 1.09 percent versus the prior close of EUR 2.75.

Buyback adds a capital signal

The repurchase price ranged from HKD 23.98 to HKD 24.26, with total consideration of HKD 99.238 million, and the shares are intended for cancellation, Futu reported on October 2, 2026. Xiaomi had repurchased 129,712,200 shares under the authorization by that date, equal to 0.5 percent of the shares outstanding when the mandate was approved.

The buyback comes as Xiaomi expands beyond smartphones. Its September electric vehicle deliveries exceeded 40,000, the highest monthly level in 2026, as the Sky Nomad series began deliveries, according to CnEVPost on October 1, 2026.

Second-quarter scale meets margin pressure

Xiaomi generated CNY 108.9 billion of revenue in the second quarter of 2026, while adjusted net profit was CNY 6.2 billion and gross margin reached 19.8 percent, according to the Yahoo Finance transcript. The smart electric vehicle, artificial intelligence and other new initiatives segment delivered CNY 24.9 billion of revenue, up 17.1 percent year over year, but reported an operating loss of CNY 2.6 billion.

The same transcript shows 104,199 vehicle deliveries in the second quarter and smartphone shipments of 31.2 million units. That contrast frames the investment case: the new vehicle business is scaling rapidly, while profitability still depends on converting volume and premium pricing into operating income.

HSBC sets the next margin test

HSBC initiated coverage with a Buy recommendation and a HKD 33.20 price target, according to Boerse Express on September 30, 2026. The bank expects smartphone margins to improve from the fourth quarter, while forecasting 28 percent annual growth in adjusted net profit between 2026 and 2028.

HSBC also projected 425,600 vehicle deliveries for 2026, below its cited market expectation of 450,000. Chip costs, competition from Huawei and Lenovo, and the operating losses in new initiatives remain the central counterweights to the delivery growth.

Trading level and upcoming results

Xiaomi's market capitalization was HKD 617.5 billion on October 5, 2026. The primary Hong Kong listing was last quoted at HKD 23.88 on October 5, 2026 at 4:08 p.m. HKT, versus HKD 24.24 previously, while its 52-week range was HKD 21.30 to HKD 54.80.

InvestPane lists November 17, 2026 as the next earnings date. The result will show whether the fourth-quarter smartphone margin recovery is emerging alongside the vehicle rollout.

Buyback meets a demanding valuation test

Xiaomi was trading at EUR 2.72 at Lang & Schwarz on October 5, 2026 at 11:37 a.m. CEST, minus 1.09 percent versus the EUR 2.75 prior close at Lang & Schwarz on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Xiaomi stock.