---
title: "XPeng Earnings: XPEV Stock Rises on Stronger Margins Even as Revenue Slumps"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287898386.md"
description: "XPeng Inc. (XPEV) shares rose 4% in pre-market trading after reporting improved profit margins, with gross margin at 20.6% and vehicle margin at 12.1%. However, revenue fell 18% to ¥13.03 billion, and vehicle deliveries dropped by 33.3% to 62,682 units in Q1 2026, resulting in a net loss of ¥1.78 billion, wider than expected."
datetime: "2026-05-28T09:56:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287898386.md)
  - [en](https://longbridge.com/en/news/287898386.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287898386.md)
---

# XPeng Earnings: XPEV Stock Rises on Stronger Margins Even as Revenue Slumps

Shares of XPeng Inc. (XPEV) rose 4% in pre-market trading on Thursday after the company reported stronger profit margins. Gross margin improved to 20.6% from 15.6% a year earlier, while vehicle margin increased to 12.1% due to lower costs and a better product mix. On the flip side, the Chinese EV maker reported weaker sales. Revenue fell 18% to ¥13.03 billion, while vehicle deliveries dropped by roughly one-third during the quarter.

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For context, XPeng is a China-based electric vehicle maker focused on smart EVs, autonomous driving technology, and AI-powered mobility solutions.

## **XPeng Reports Wider Quarterly Loss**

XPeng opened 2026 on a weak note as the company slipped back into losses after briefly reaching profitability late last year. The company reported a net loss of ¥1.78 billion for Q1 2026, wider than the loss reported a year earlier. Analysts had expected a smaller loss of ¥811.9 million.

Additionally, total vehicle deliveries came in at 62,682 in Q1 2026, down 33.3% from 94,008 vehicles in the same period last year. The company has struggled to keep up its sales momentum as China's EV market slowed down. Below is a screenshot showing XPeng's vehicle delivery performance over the past few years.

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