Xiaomi's revenue in the second quarter was 108.9 billion yuan, a year-on-year decrease of 6.1%. The adjusted net profit was 6.2 billion yuan, and the number of car deliveries increased by 28.2% year-on-year

Xiaomi Group released its Q2 2026 financial report, with revenue of 108.9 billion yuan, a year-on-year decrease of 6.1%, and a quarter-on-quarter increase of 9.9%; adjusted net profit was 6.2 billion yuan, a year-on-year decrease of 42.6%, and a quarter-on-quarter increase of 2.4%. The revenue from the Mobile × AIoT segment was 84 billion yuan, with a gross margin of 20.0%; the revenue from the smart electric vehicle and AI innovation business segment was 24.9 billion yuan, a year-on-year increase of 17.1%, with a gross margin of 19.2%, and this segment incurred an operating loss of 2.6 billion yuan.

Smartphone shipments reached 31.2 million units, maintaining a top-three global ranking for 24 consecutive quarters, with ASP increasing by 25.9% year-on-year to a historic high of 1,351 yuan. Revenue from IoT and lifestyle consumer products was 31.3 billion yuan, and internet service revenue was 9 billion yuan, with a gross margin of 76.8%. The AIoT platform has connected devices totaling 1.161 billion, a year-on-year increase of 17.4%, with the Mi Home APP having 124 million monthly active users and Xiao Ai having 175 million monthly active users.

The automotive business delivered 104,200 vehicles, a year-on-year increase of 28.2%, with cumulative deliveries of the SU7 series exceeding 500,000 units. R&D expenditure was 9.2 billion yuan, a year-on-year increase of 18.9%, with R&D personnel accounting for 47.2%. The Xiaomi MiMo-V2.5 base model ranked first in weekly usage on the OpenRouter platform. The group has accumulated over 47,000 global patents. Since 2026, the stock repurchase amount has been approximately 11.7 billion Hong Kong dollars.