---
title: "Citi expects Xiaomi's quarterly results to be below expectations, lowering the target price to 42 yuan"
description: "Citigroup expects Xiaomi's fourth-quarter results, to be announced on the 24th of this month, to fall short of market expectations, forecasting a year-on-year decline of 35% in adjusted net profit to "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277399901.md"
published_at: "2026-03-02T03:39:51.000Z"
---

# Citi expects Xiaomi's quarterly results to be below expectations, lowering the target price to 42 yuan

> Citigroup expects Xiaomi's fourth-quarter results, to be announced on the 24th of this month, to fall short of market expectations, forecasting a year-on-year decline of 35% in adjusted net profit to RMB 5.4 billion, lower than institutional investors' expectations of RMB 6 billion to 7 billion. Citigroup has lowered its target price for Xiaomi to RMB 42 and reduced its earnings per share forecast by 5% to 7%. The bank has given Xiaomi a "Buy" rating, with short-term catalysts including earnings guidance and new product launches

Citi pointed out that Xiaomi (01810.HK) will announce its fourth-quarter results for last year on the 24th of this month, which is expected to fall short of market expectations due to disappointing sales and gross margins, as well as higher operating expenses and lower non-operating income. The bank estimates that Xiaomi's adjusted net profit for the quarter will decline by 35% year-on-year to RMB 5.4 billion, which is less than the expectations of institutional investors of RMB 6 billion to 7 billion, and also lower than the bank's previous estimate of RMB 7.4 billion, based on lower gross margins for smartphones and electric vehicles, higher operating expenses, and less non-operating income.

Citi has lowered its earnings per share forecast for Xiaomi from last year to 2027 by 5% to 7%, with the target price reduced from HKD 43 to HKD 42. This valuation reflects lower revenues from smartphones and the Internet of Things, lower gross margins for electric vehicles, and less non-operating income. Short-term catalysts for the stock price include guidance for the first quarter and full-year results, spring product launches, and the official launch and orders for the SU7 facelift model.

The bank has given Xiaomi an investment rating of "Buy."

### Related Stocks

- [01810.HK - XIAOMI-W](https://longbridge.com/en/quote/01810.HK.md)
- [XIACY.US - Xiaomi Corporation](https://longbridge.com/en/quote/XIACY.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Xiaomi 17 is a small(ish) phone with a big(ish) battery | Xiaomi has launched its latest flagship phones, the Xiaomi 17 and 17 Ultra, globally, alongside a Leica-branded Leitzpho | [Link](https://longbridge.com/en/news/277311828.md) |
| Xiaomi bought back 2.8 mln type B shares for HK$100 mln on Feb 25, HKEX says | Xiaomi bought back 2.8 mln type B shares for HK$100 mln on Feb 25, HKEX says | [Link](https://longbridge.com/en/news/276886603.md) |
| Xiaomi EV teases 'surprise' following concept car leak in Spain | Xiaomi has teased a "surprise" unveiling of its new supercar concept, set to be revealed tomorrow at the 2026 Mobile Wor | [Link](https://longbridge.com/en/news/277269769.md) |
| Omdia: Xiaomi Reclaims Wearable Band Crown for the First Time Since 2020 \| TTGT Stock News | Xiaomi has reclaimed the top position in the global wearable device market for the first time since 2020, capturing an 1 | [Link](https://longbridge.com/en/news/277215916.md) |
| The Slate will revolutionize the EV industry | The Slate will revolutionize the EV industry | [Link](https://longbridge.com/en/news/277226108.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.