---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000699402.md"
description: "Xpeng's Q1 headline numbers look rough. Revenue down 17.6% to RMB 13 billion. Deliveries down 33.3% to 62,682. Net loss widened to RMB 1.78 billion. Headlines are brutal. But here's what most people are completely missing. Gross margin hit 20.6%, up 5 percentage points year over year. XPEV just improved profitability WHILE cutting volume. In a brutal EV price war, that's actually impressive. Here's the number that matters: Q2 delivery guidance is 100,000 to 106,000 units. That's nearly double Q1 in a single quarter. If they hit even the low end, this stock looks completely different by end of June. The thesis is unit economics are finally inflecting. I think the bottom was Q1."
datetime: "2026-05-29T06:24:09.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000699402.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000699402.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000699402.md)
author: "[PumpLord_69](https://longbridge.com/en/profiles/16656216.md)"
generator: "portal-rs"
---

# Xpeng's Q1 headline numbers look rough. Revenue do…


### Related Stocks

- [09868.HK](https://longbridge.com/en/quote/09868.HK.md)
- [XPEV.US](https://longbridge.com/en/quote/XPEV.US.md)

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