--- title: "Xiaomi Corporation-W released its first-quarter results, with total revenue of 99.1 billion yuan. Global smartphone shipments ranked among the top three in the world for 23 consecutive quarters" type: "News" locale: "en" url: "https://longbridge.com/en/news/287611644.md" description: "Xiaomi Corporation-W released its performance for the three months ending March 31, 2026, with revenue of RMB 99.142 billion (same unit below), a year-on-year decrease of 10.9%; adjusted net profit of RMB 6.072 billion, a year-on-year decrease of 43.1%" datetime: "2026-05-26T09:34:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/287611644.md) - [en](https://longbridge.com/en/news/287611644.md) - [zh-HK](https://longbridge.com/zh-HK/news/287611644.md) --- # Xiaomi Corporation-W released its first-quarter results, with total revenue of 99.1 billion yuan. Global smartphone shipments ranked among the top three in the world for 23 consecutive quarters According to the Zhitong Finance APP, Xiaomi Corporation-W (01810) released its performance report for the three months ending March 31, 2026, with revenue of RMB 99.142 billion, a year-on-year decrease of 10.9%; adjusted net profit was RMB 6.072 billion, a year-on-year decrease of 43.1%. In the first quarter of 2026, geopolitical uncertainties disrupted the global economy, while significant increases in core components, including storage and commodity prices, along with intensified industry competition, continued to pose headwinds. In the face of these challenges, we continuously optimized operational efficiency and focused on strengthening core underlying technologies, including AI capability development, empowering the group's "people, vehicles, and home ecosystem" strategy. In the first quarter of 2026, Xiaomi Corporation's total revenue was RMB 99.1 billion. By business segment, in the first quarter of 2026, our "Mobile × AIoT" segment revenue was RMB 79.3 billion; our "Smart Electric Vehicles and AI-related Innovative Businesses" segment revenue was RMB 19.9 billion. In the first quarter of 2026, the group's adjusted net profit was RMB 6.1 billion. In the first quarter of 2026, our smartphone shipments reached 33.8 million units. According to Omdia data, our global smartphone shipments ranked among the top three globally for 23 consecutive quarters, with a market share of 11.3%. As of March 31, 2026, the number of IoT devices connected to our AIoT platform (excluding smartphones, tablets, and laptops) reached 1,118.7 million, a year-on-year increase of 18.5%. In the first quarter of 2026, our new vehicle deliveries reached 80,856 units, a year-on-year increase of 6.6%. In March 2026, our global monthly active users reached 746 million, a year-on-year increase of 3.8%. We are steadily executing the group's "New Decade Goals": making large-scale investments in core underlying technologies, aiming to become a global leader in the next generation of hardcore technology. In the first quarter of 2026, our R&D expenditure was RMB 9 billion, a year-on-year increase of 33.4%. As of March 31, 2026, our number of R&D personnel reached a historic high of 26,048. We continue to delve deeply into the field of artificial intelligence. In terms of foundational model development, on April 23, 2026, we officially launched the public beta of the Xiaomi MiMo-V2.5 series large model. The Xiaomi MiMo-V2.5 series includes MiMo-V2.5, V2.5 Pro, V2.5-TTS Series, and V2.5-ASR. Among them, the Xiaomi MiMo-V2.5-Pro achieves global top-tier Agent model standards in dimensions such as general intelligence capabilities, complex software engineering, and long-range tasks, representing a comprehensive leap compared to the previous generation Xiaomi MiMo-V2-Pro. In the Artificial Analysis large model comprehensive intelligence ranking, the Xiaomi MiMo-V2.5-Pro ranks first among global open-source large models in terms of comprehensive intelligence index, placing it in the top five of the global large model overall ranking, while the Agent index ranks first among global open-source large models. On April 28, 2026, we officially open-sourced the Xiaomi MiMo-V2.5 series under the MIT license, supporting commercial inference deployment and secondary training without additional authorization We fully empower the "human-vehicle-home ecosystem" scenario with AI capabilities. In April 2026, we officially launched a small-scale closed beta test for the PC and screen speaker version of Xiaomi miclaw. With the expansion of this beta test category, Xiaomi miclaw now supports multiple terminals including mobile phones, tablets, PCs, and screen speakers, marking a significant upgrade in cross-terminal capabilities. Additionally, the China Academy of Information and Communications Technology (CAICT) recently initiated an evaluation of mobile intelligent assistants (Claw), and Xiaomi miclaw became one of the first domestic mobile intelligent agents to pass this authoritative assessment. This signifies Xiaomi's technical strength and product experience in the intelligent assistant field has received authoritative recognition, and highlights Xiaomi's forward-looking layout in the AI implementation field of the "human-vehicle-home ecosystem." We continue to explore the boundaries of physical intelligence. In April 2026, we officially released and open-sourced the embodied model Xiaomi Robotics-0, which includes the entire process of post-training for real machines, providing a complete set of data processing, training methods, and inference code to lower the technical threshold for robot intelligence through open-source means. We are steadily optimizing the operational efficiency of new retail stores. As of March 2026, the number of Xiaomi Home stores in mainland China exceeded 16,000, with more than 260 new retail large stores over 500 square meters. At the same time, we are steadily advancing the overseas expansion of the new retail model, with over 520 new retail stores in overseas regions covering Southeast Asia, Europe, East Asia, Latin America, the Middle East, and Africa. In the first quarter of 2026, we continued to improve business operational efficiency, with the operating expense ratio of the "Mobile × AIoT" division at 14.9%, a decrease of 2.5 percentage points quarter-on-quarter. At the same time, we are actively investing in the future, with our capital expenditure for this quarter approximately 3.3 billion yuan, a year-on-year increase of 20.0%. We remain committed to enhancing shareholder value and actively repurchasing shares in the open market. Since the beginning of 2026, our stock repurchase amount has reached approximately HKD 8.4 billion, equivalent to about 250.5 million shares, with the total repurchase amount exceeding that of the entire last year ### Related Stocks - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) ## Related News & Research - [China's Xiaomi eyes overseas growth as costs, domestic competition weigh](https://longbridge.com/en/news/287630429.md) - [Xiaomi's EV business posts Q1 operating loss despite delivery growth](https://longbridge.com/en/news/287617462.md) - [Xiaomi is pouring billions into AI to future-proof its hardware empire](https://longbridge.com/en/news/287480782.md) - [SILVERCORP CHANGES FISCAL 2026 FINANCIAL RESULTS RELEASE DATE TO MAY 26, 2026 | SVM Stock News](https://longbridge.com/en/news/287358199.md) - [CORSAIR Significantly Expands AI Product Portfolio | CRSR Stock News](https://longbridge.com/en/news/287367434.md)