---
title: "NIO 1Q26 Update: Gross Margin Reached 19%, Rating Upgraded to BUY"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000679802.md"
description: "$NIO Inc(NIO.US) $NIO-SW(09866.HK) CMB International upgraded NIO Inc. (NIO US / 9866 HK / SGX: NIO) from HOLD to BUY, with target prices raised to US$7.00 / HK$55.00.Key 1Q26 numbers:Revenue: RMB25.53bn, +..."
datetime: "2026-05-22T02:26:38.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000679802.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000679802.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000679802.md)
author: "[SG Visual Research](https://longbridge.com/en/profiles/24298178.md)"
generator: "portal-rs"
---

# NIO 1Q26 Update: Gross Margin Reached 19%, Rating Upgraded to BUY

$NIO Inc(NIO.US) $NIO-SW(09866.HK)

CMB International upgraded NIO Inc. (NIO US / 9866 HK / SGX: NIO) from HOLD to BUY, with target prices raised to US$7.00 / HK$55.00.

Key 1Q26 numbers:

Revenue: RMB25.53bn, +112.2% YoY  
Sales volume: 83,465 units, +98.3% YoY  
Gross margin: 19.0%, highest since 4Q21  
Net loss: RMB496mn

The main focus is margin recovery and cost discipline. The report notes that NIO’s restructuring since FY25 appears to be supporting more sustainable cost reduction, while other revenue gross margin improved to 20.6%.

Disclaimer: For research and educational purposes only. Not investment advice.

### Related Stocks

- [09866.HK](https://longbridge.com/en/quote/09866.HK.md)
- [NIO.US](https://longbridge.com/en/quote/NIO.US.md)
- [NIO.SG](https://longbridge.com/en/quote/NIO.SG.md)

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