Xpeng (XPEV) Q3 Earnings: Beat on Losses, Weak Guidance Dents Shares
Xpeng delivered a mixed third-quarter performance, with losses narrowing significantly but conservative fourth-quarter guidance overshadowing the results. The Chinese EV Maker reported a per-share loss of RMB0.16, far better than the anticipated RMB0.57 loss, while revenue surged 101.8% year-over-year to RMB20.38 billion.
Vehicle deliveries jumped 149.3% to 116,007 units, driving a 105.3% increase in automotive revenue. Margin improvements signaled operational progress, with gross margin reaching 20.1% and vehicle margin at 13.1%. Yet shares fell 2% premarket as Q4 revenue guidance of RMB21.5-23.0 billion fell short of the RMB25.09 billion analyst consensus.