Xiaomi stock falls 1.15 percent as EV deliveries come into view

Published on 10/07/2026 at 09:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Xiaomi stock heads into an EV delivery update scheduled for October 7, 2026. Q2 revenue reached CNY 108.9 billion, while adjusted net profit was CNY 6.2 billion.

Xiaomi Corp., KYG9830T1067, Illustration mit AI erstellt.

Xiaomi Corporation (ISIN KYG9830T1067) was trading at HKD 23.98 on HKEX at 3:39 p.m. HKT on October 7, 2026, down 1.15 percent from the prior close of HKD 24.26. The immediate company focus is detailed September delivery data for the Pengcheng electric vehicle series, which Finanztrends said was scheduled for October 7, 2026.

EV deliveries test the growth story

The update follows more than 40,000 Xiaomi EV deliveries in September, including more than 10,000 vehicles from the Pengcheng series in its first delivery month, according to Finanztrends. That makes the model-level breakdown important for judging whether Xiaomi's vehicle growth is broadening beyond its established SU7 and YU7 lines.

HSBC initiated coverage with a Buy rating and a HKD 33.20 price target on September 30, 2026, as reported by ARIVA. The target lies 38.5 percent above the HKD 23.98 share price, but the stock also remains 56.2 percent below its HKD 54.70 52-week high.

Q2 shows scale and pressure

Xiaomi's Q2 2026 results provide the operating baseline for the delivery story. In the August 18, 2026 results call, the company reported CNY 108.9 billion in revenue, CNY 6.2 billion in adjusted net profit and a 19.8 percent gross margin, according to the Yahoo Finance transcript.

The smart EV, AI and other new initiatives segment generated CNY 24.9 billion in Q2 revenue, up 17.1 percent year over year, while the segment posted a 19.2 percent gross margin. The same results call also recorded an operating loss of CNY 2.6 billion for the segment, showing why higher vehicle volume must eventually translate into stronger profitability.

Stock trades near its yearly low

At HKD 23.98, Xiaomi stock stood 12.6 percent above its HKD 21.30 52-week low on October 7, 2026. The market capitalization was HKD 620.1 billion, with volume of 39,882,170 shares at the same quote.

Xiaomi stock was trading at HKD 23.98 on HKEX on October 7, 2026, while the EV delivery update and the CNY 108.9 billion Q2 revenue figure define the next valuation test.