Li Auto reports September deliveries: Zacks rates Li Auto stock Strong Sell

Published on 10/12/2026 at 07:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

September deliveries reached 31,817, down 6.30 percent year over year. Zacks sees Strong Sell for Li Auto stock as Q2 margin fell to 11.00 percent.

Key points in brief

Li Auto delivered 31,817 vehicles in September 2026, down 6.30 percent year over year.
Second-quarter 2026 revenue fell 15.10 percent to RMB 25.7 billion and vehicle margin reached 9.40 percent.
The Lang & Schwarz prior close was EUR 5.15 on October 9, 2026.
Li Auto is scheduled to report its next results on November 25, 2026, according to Nasdaq.

Li Auto, KYG5479M1050, Illustration mit AI erstellt.

Li Auto (ISIN KYG5479M1050) delivered 31,817 vehicles in September 2026, down 6.30 percent from a year earlier. In a September 21, 2026 analysis, Zacks assigned Li Auto a Strong Sell rank as second-quarter margins and earnings remained under pressure.

Three results shaped the year

On August 26, 2026, Li Auto reported second-quarter revenue of RMB 25.7 billion, down 15.10 percent year over year, while deliveries fell 11.50 percent to 98,330 vehicles, according to GlobeNewswire.

On September 16, 2026, the company launched the Li i9 at RMB 369,800, with deliveries beginning during the same week, Zacks reported. On October 1, 2026, Li Auto said September deliveries reached 31,817 and cumulative deliveries reached 1,833,651, according to the company's official release.

What does the margin say?

The second-quarter vehicle margin was 9.40 percent, versus 19.40 percent a year earlier, while gross margin was 11.00 percent compared with 20.10 percent. Gross profit fell 53.30 percent year over year to RMB 2.8 billion, even though it rose 56.90 percent from the first quarter.

Li Auto also posted a GAAP net loss of RMB 1.7 billion in the second quarter, compared with net income of RMB 1.1 billion a year earlier. The company expects third-quarter deliveries of 95,000 to 100,000 vehicles and revenue of RMB 26.6 billion to RMB 28.0 billion, according to the same results release.

Next date for the stock

Nasdaq lists November 25, 2026 as Li Auto's estimated next earnings date. The date gives investors a scheduled checkpoint for whether new-model launches can improve deliveries and margins.

Prior close and market value

The Lang & Schwarz prior close was EUR 5.15 on October 9, 2026. Li Auto's primary listing is Nasdaq, where the finance quote showed USD 11.54 on October 9, 2026, with a market capitalization of USD 11.7 billion and a 52-week range of USD 10.66 to USD 23.20.

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