---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43478725.md"
description: "Xiaomi's Q2 earnings report was a mixed bag: revenue returned to the 100 billion RMB mark, while auto deliveries and average smartphone selling prices hit new highs, with the 'human x car x home' ecosystem advancing steadily. However, rising memory chip costs squeezed gross margins, putting clear pressure on profits. The outlook hinges on whether cost normalization and automotive economies of scale can materialize. With continued heavy R&D investment, long-term growth still requires time to validate."
datetime: "2026-08-19T07:55:11.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43478725.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43478725.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43478725.md)
author: "[兔子不吃肉](https://longbridge.com/en/profiles/16917034.md)"
generator: "portal-rs"
---

# Xiaomi's Q2 earnings report was a mixed bag: reven…


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