Xiaomi Braces for 62% Profit Slump as CLSA Trims Forecasts Ahead of Board Review
Published on 11/12/2026 at 15:21 | Editorial boerse-global.de
CLSA has cut its earnings estimates for Xiaomi, projecting a 62% year-on-year decline in adjusted net profit for the third quarter of 2026. The brokerage expects profit to fall to RMB 4.4 billion, citing weak Chinese consumer spending and rising global component costs as the twin drags on its outlook. Despite the downgrade to its numbers, CLSA reiterated its "Outperform" rating and held its price target at HKD 35.
The lowered estimates land just ahead of a key governance date. Xiaomi's board is scheduled to meet on November 24 to review and approve the group's unaudited consolidated results, covering both the third quarter and the first nine months through September 30, 2026. CLSA's figures represent its expectations for that reporting period.
On the capital markets side, Xiaomi bought back 1.66 million of its own Class B shares yesterday, spending roughly HKD 49.9 million. The move followed a separate repurchase of its own stock on Monday.
Should investors sell immediately? Or is it worth buying Xiaomi?
October Deliveries Hit a 2026 High
Vehicle shipments offer a contrasting data point to the profit warning. Xiaomi Auto delivered more than 50,000 cars in October, which the company said marked its highest monthly total of 2026. Figures from the China Passenger Car Association put exact numbers on the performance: 50,168 vehicles delivered wholesale and 50,123 sold at retail. Xiaomi itself had initially disclosed only the "more than 50,000" figure without an exact count.
Paris Launch Adds a Second November Milestone
Xiaomi has also set the global unveiling of its Xiaomi 18 Pro and Xiaomi 18 Pro Max for November 17 in Paris, giving the company two major calendar entries this month — the flagship smartphone debut and the board's sign-off on quarterly results a week later.
Shares in the company were up 0.6% at EUR 3.40 on the day the analyst cut its profit forecasts.
Ad
Xiaomi Stock: New Analysis - 12 November
Fresh Xiaomi information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
