Xiaomi Corporation stock falls 2.56 percent as EV revenue rises

Published on 09/25/2026 at 11:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Xiaomi Corporation stock stood at HKD 25.90 on September 25, 2026, after a 2.56 percent daily decline. Citi kept its HKD 34.00 target, while Q2 revenue reached RMB 108.9 billion.

Xiaomi, KYG9830T1067, Illustration mit AI erstellt.

Xiaomi Corporation stock (ISIN KYG9830T1067) stood at HKD 25.90 on HKEX on September 25, 2026, down HKD 0.68 or 2.56 percent from the prior close. The latest analyst signal is more constructive: Citi maintained a Buy rating and a HKD 34.00 price target, according to ET Net on September 24, 2026.

Q2 revenue reaches RMB 108.9 billion

Xiaomi reported total revenue of RMB 108.9 billion in Q2 2026 and adjusted net profit of RMB 6.2 billion. The figures come from the Q2 2026 earnings call published by Yahoo Finance, while Xiaomi's investor-relations page dates the results announcement to August 18, 2026.

Group gross margin was 19.8 percent in Q2 2026. Smartphone revenue reached RMB 42.1 billion, global smartphone shipments totaled 31.2 million units, and the smartphone gross margin was 8.5 percent.

EV segment grows but remains loss making

The smart EV, AI, and other new initiatives segment generated RMB 24.9 billion of revenue in Q2 2026, up 17.1 percent year over year. Smart EV sales revenue contributed RMB 23.9 billion, and Xiaomi delivered 104,199 vehicles during the quarter.

The growth comes with a clear profitability trade-off. The segment posted a gross margin of 19.2 percent but recorded an operating loss of RMB 2.6 billion in Q2 2026, making execution and scale central to the investment case.

HKD 34 target contrasts with market price

Citi's HKD 34.00 target stands 31.3 percent above the HKD 25.90 HKEX price, using the target-to-price comparison. UBS took a more cautious stance in a separate September 22 update, lowering its target from HKD 32.20 to HKD 30.40 while retaining a Neutral rating, as reported by ET Net.

Stock trades above yearly low

Xiaomi Corporation stock stood at HKD 25.90 on September 25, 2026, with a 52-week range of HKD 21.30 to HKD 59.90. Market capitalization was HKD 669,745,296,480 and trading volume reached 78,362,485 shares on the same date.