Xiaomi tops 100 billion yuan, Q2 2026 profit grows, EV deliveries pass 100,000 units

Xiaomi reported its Q2 2026 results with total revenue of 108.9 billion yuan, up 9.9% quarter-on-quarter, and adjusted net profit of 6.2 billion yuan, up 2.4%, despite higher memory costs and intense competition.

Its Smartphone x AIoT segment generated 84.0 billion yuan in revenue, with the smartphone business bringing in 42.1 billion yuan from 31.2 million units shipped, keeping Xiaomi among the world's top 3 smartphone shippers for the 24th consecutive quarter, while its EV business shipped over 100,000 vehicles in the quarter.