Li Auto stock gains 1.36 percent as Q2 margin recovers

Published on 09/24/2026 at 20:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Li Auto stock reported RMB 25.7 billion in Q2 revenue on August 26, 2026, down 15.1 percent year over year. August deliveries reached 37,679 vehicles, while Q3 guidance spans 95,000 to 100,000.

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Li Auto stock (ISIN US50202M1027) was trading at USD 11.86 on Nasdaq on September 24, 2026, at 2:36 p.m. ET, up 1.36 percent. The move comes as the company balances a sequential margin recovery against lower year-over-year revenue and vehicle deliveries.

Q2 revenue falls 15.1 percent

According to Li Auto in its August 26, 2026 release, second-quarter revenue reached RMB 25.7 billion, down 15.1 percent from RMB 30.2 billion in Q2 2025 but up 11.7 percent from RMB 23.0 billion in Q1 2026.

The company delivered 98,330 vehicles in Q2 2026, an 11.5 percent year-over-year decline. Net loss was RMB 1.7 billion, compared with net income of RMB 1.1 billion in the year-earlier quarter.

Margins recover before new launches

Gross margin improved to 11.0 percent in Q2 2026 from 7.9 percent in Q1, but remained below 20.1 percent in Q2 2025. The contrast matters because the sequential recovery has not yet restored the profitability level seen before the model refresh cycle.

Li Auto said it delivered 37,679 vehicles in August 2026, bringing cumulative deliveries to 1,801,834 vehicles as of August 31. The company also launched the Li i9 battery electric SUV in September at RMB 369,800 for its standard configuration.

Management guided for Q3 2026 deliveries of 95,000 to 100,000 vehicles and revenue of RMB 26.6 billion to RMB 28.0 billion, according to Yahoo Finance. That delivery range places the next quarter near the Q2 volume level, making execution of the new battery electric lineup central to the earnings story.

Nasdaq quote stays below yearly high

Li Auto stock was trading at USD 11.86 on Nasdaq on September 24, 2026, compared with a 52-week range of USD 11.44 to USD 27.10. The current quote leaves the stock close to its yearly low while the Q2 margin recovery provides a measurable counterpoint to the weaker annual revenue trend.