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ECARX Announces First Quarter 2026 Unaudited Financial Results
Adjusted EBITDA rose to US$4.0 million as revenue fell 22% and gross margin improved to 21.4%, the company said.
- On May 19, 2026, London-based automotive intelligence company ECARX Holdings Inc. reported unaudited financial results for the quarter ended March 31, 2026.
- CEO Ziyu Shen described the first quarter as defined by "continued disciplined execution and continued global momentum," demonstrating the underlying resilience of the company's core business.
- ECARX expanded gross margin to 21.4% and nearly halved its operating loss from last year, while achieving a third consecutive quarter of positive adjusted EBITDA at US$4 million.
- The company appointed Lone Fønss Schrøder as Chairperson and Dylan D. Jeng as Chief Financial Officer, while partnering with May Mobility to expand into autonomous ride-hailing.
- ECARX reiterated full-year 2026 guidance of US$1.0–US$1.1 billion in total revenue based on its backlog, though management noted potential headwinds from global memory cost dynamics.
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ECARX Announces First Quarter 2026 Unaudited Financial Results
LONDON, May 19, 2026 /PRNewswire/ -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the "Company"), a leading global automotive intelligence company, today announced unaudited financial results for the quarter ended March 31, 2026.
·Pennsylvania, United States
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Total News Sources31
Leaning Left5Leaning Right3Center10Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 28%
C 55%
R 17%
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