Xpeng Earnings
Xpeng Q4 2024 earnings call: Live updates
Xpeng today announced its Q4 2024 financial results and held an analyst call afterwards. This post is a live update from that call.
Xpeng reports smaller net loss while gross margin declines
Xpeng reported a net loss of RMB 1.33 billion ($180 million) in the fourth quarter, lower than analysts' expectations of RMB 1.593 billion, but gross margins slipped slightly from the third quarter.
Xpeng Q3 revenue beats estimates, gross margin hits record high
Xpeng reported revenue of RMB 10.1 billion in the third quarter, with a record gross margin of 15.3 percent, beating analysts' expectations.
Xpeng sees gross margin improve further in Q2, net loss narrows
Xpeng reported revenues largely in line with expectations in the second quarter, with gross margin increasing sequentially for the fourth consecutive quarter and net loss narrowing slightly from the first quarter.
Xpeng Q1 earnings beat estimates, gross margin bounces back to over 1-year high
Xpeng's first-quarter revenue beat Wall Street estimates, gross margin rebounded further to a new high since the third-quarter of 2022, despite conservative guidance for second-quarter deliveries.
Xpeng posts record revenue in Q4, gross margin turns positive
Xpeng guided for first-quarter deliveries between 21,000 and 22,500 units, meaning it expects to deliver 8,205-9,705 units in March.
Xpeng Q3 revenue slightly below expectations, gross margin still negative
Xpeng guided for fourth-quarter deliveries in the range of 59,500 to 63,500 units, meaning it expects to deliver a total of 39,498 to 43,498 vehicles in November and December.
Xpeng Q2 earnings: Revenue rebounds, gross margin falls to negative, loss hits record
Xpeng guided for vehicle deliveries in the range of 39,000 to 41,000 units in the third quarter, meaning it expects to deliver a total of 27,992 to 29,992 vehicles in August and September.
Xpeng Q1 earnings miss expectations, gross margin falls to 1.7%
Xpeng reported a negative 2.5 percent vehicle margin for the first quarter, a decline attributed to increased sales promotions and the expiration of the NEV subsidy.
Xpeng Q4 revenue misses estimates, gross margin falls to single digit
Xpeng expects first quarter vehicle deliveries to be in the range of 18,000 to 19,000 units, implying that March deliveries are expected to be 6,772 to 7,772 units.
