Nio Stock: Buy or Bail Before Q2 Earnings Drop?

Nio's Q2 earnings loom—will the numbers spark a rally or reveal more cracks?

Delivery data hints at momentum, but burning cash remains the elephant in the room.

Investors are betting on margin improvements and that elusive path to profitability.

Yet with EV competition fiercer than a crypto bull run, Nio’s got to execute flawlessly—or get left in the dust.

Another 'growth story' that burns more cash than a failed meme coin? Wouldn’t be the first time.

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What to Expect from Nio’s Q2 Earnings

Wall Street analysts expect Nio to report a loss per share of $0.31 for Q2 versus a loss of $0.34 in the same quarter a year ago. According to the TipRanks Analyst Forecasts Page, Nio’s sales forecast for Q2 is $2.73 billion, with estimates ranging between $2.52 billion and $2.91 billion.

As Nio prepares to release its Q2 2025 results, investors will be paying close attention to updates on new model launches and the company’s ongoing efforts to reduce costs. Also, they will be watching for signs of margin recovery and delivery momentum, especially after a challenging first half of the year.

Analyst Remains Bullish Ahead of Earnings

Ahead of the the Q2 print, JPMorgan analyst Nick Lai has upgraded the rating to Buy from Hold and also lifted the price target to $8 (26% upside potential), up from $4.80.

The analyst sees Nio benefiting from a wider product lineup and better consumer sentiment. He forecasts deliveries to rise 50% in 2025 and 47% in 2026, with profits likely to improve in the second half of 2026 if margins improve. He also placed NIO stock on a “positive catalyst watch,” pointing to the upcoming Q2 earnings report, Nio Day in late September, and the Guangzhou Auto Show in November as key events that could lift the stock.

Is Nio a Buy, Sell, or Hold?

Overall, Wall Street has a Moderate Buy consensus rating on NIO stock based on four Buys, five Holds, and one Sell assigned in the last three months. The average NIO stock price target of $5.01 implies 20.98% downside potential from current levels.