US EditionXiaomi quarterly profit slumps despite annual EV gains
Xiaomi’s Q4 net profit fell 27% year on year to 6.5 billion yuan as rising memory-chip costs and an 11.6% drop in smartphone shipments squeezed margins.
- On Tuesday, Xiaomi reported fourth-quarter revenue rose 7.3% year-on-year to 116.9 billion yuan, though net profit fell 27% to 6.5 billion yuan, marking its first year-on-year decline since Q2 2024.
- Xiaomi President William Lu Weibing warned that memory-chip costs were surging at a magnitude "beyond imagination," triggering a long-term price-raising cycle that could force industry players into heavy losses or closure.
- Smartphone shipments dropped 11.6% to 37.7 million units, dragging revenue for the firm's largest contributor down 13.6% to 44.3 billion yuan despite Xiaomi's strategic shift toward premium models.
- The results met analyst estimates of 116 billion yuan in revenue and 5.78 billion yuan in profit, confirming market expectations despite the significant headwinds facing the company.
- Xiaomi's diversification into home appliances and electric vehicles provides a buffer as the company navigates smartphone sector challenges, protecting revenue streams beyond its traditional core business.
29 Articles
29 Articles
China’s smartphone and electronic manufacturer reported that its net profit fell 27%, for US$ 950.5 million in the quarter, and revenue reached US$ 16.9 billion, an increase of 7.3%
Times of India
The Economic TimesChina's Xiaomi posts first quarterly profit fall in three years
Xiaomi's quarterly profit saw its first drop in three years. This happened as the company faced higher costs and tougher competition. However, Xiaomi's electric vehicle business performed well. It surpassed its delivery goals for the year. The company also reported its EV segment achieved its first annual operating profit. Xiaomi plans significant investment in artificial intelligence.
The AI accelerates the “Human × Car × Home” ecosystem and the Electric Vehicles (VE) segment, reaching for the first time an annual positive operational utility. Xiaomi Corporation, a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an Internet of Things platform (“IoT”) at its core, announced its consolidated results audited for the year ended December 31, 2025. During 2025, multiple major Gr…
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