Xiaomi continues share buyback as Xiaomi stock falls 3.17 percent

Published on 10/02/2026 at 16:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted net profit was RMB 6.2 billion in Q2 2026. Xiaomi stock traded at EUR 2.75 on October 2, 2026 after EUR 2.84, down 3.17 percent.

Xiaomi Corp., KYG9830T1067, Illustration mit AI erstellt.

Xiaomi Corporation (ISIN KYG9830T1067) continued its share repurchase program with a purchase of 1,929,000 Class B shares for HKD 50,056,872 on September 25, 2026, according to FilingReader. Xiaomi stock was trading at EUR 2.75 at Lang & Schwarz on October 2, 2026 at 3:40 p.m. CEST, down 3.17 percent from the prior close of EUR 2.84.

Buyback meets operating pressure

The September transaction formed part of a broader repurchase mandate. Cumulative purchases reached 124,600,200 shares, or 0.48 percent of issued shares excluding treasury shares, while the authorization allows repurchases of up to 2,583,952,309 shares, FilingReader reported on September 25, 2026.

The capital return arrives alongside a demanding cost backdrop. In the second quarter of 2026, Xiaomi reported RMB 108.9 billion in revenue, adjusted net profit of RMB 6.2 billion and a gross margin of 19.8 percent, according to Yahoo Finance and the company earnings call transcript dated August 18, 2026.

AI and electric vehicles reshape growth

The operating mix is shifting beyond smartphones. Smart EV, AI and other new initiatives generated RMB 24.9 billion in second-quarter 2026 revenue, up 17.1 percent year over year, but the segment posted an operating loss of RMB 2.6 billion as investment continued, Yahoo Finance reported.

Xiaomi delivered 104,199 vehicles in the second quarter of 2026, while its internet services business generated RMB 9.0 billion in revenue and carried a 76.8 percent gross margin. These figures show the strategic tradeoff: newer businesses are expanding quickly, but their investment burden remains material.

Targets remain above the quote

Analyst views remain constructive despite the share-price pressure. Markets Insider reported that Citi maintained a Buy rating and a HKD 34.00 price target in a report dated September 23, 2026, while Goldman Sachs maintained a Buy rating with a HKD 39.00 target.

For investors, the key tension is visible in the numbers: Xiaomi combines a large repurchase program and expanding EV and AI revenue with a second-quarter operating loss in those newer initiatives. The stock's Lang & Schwarz decline of 3.17 percent on October 2, 2026 gives that tension immediate market relevance.

Stock trades lower in Europe

Xiaomi stock was trading at EUR 2.75 at Lang & Schwarz on October 2, 2026 at 3:40 p.m. CEST, down 3.17 percent versus the Lang & Schwarz prior close of EUR 2.84 on October 1, 2026. The primary Hong Kong listing was quoted at HKD 24.24 on October 2, 2026, according to the finance market snapshot, with a 52-week range of HKD 21.30 to HKD 56.55 and market capitalization of HKD 626.8 billion.

The further course of trading is shown by the continuously updated real-time quote of Xiaomi stock.