ECARX Announces Third Quarter 2026 Unaudited Financial Results
ECARX reported Q3 2026 revenue of $240.8 million, up 10% year-over-year, and reiterated its FY26 guidance of $1.0-$1.1 billion. Profitability deteriorated sharply: gross margin fell from 21.9% to 7.0% as memory cost escalation outpaced pricing adjustments, driving a net loss of $48.6 million versus $8.4 million a year ago and an adjusted EBITDA loss of $37.7 million. Cash dropped to $53.7 million from $165.5 million at June 30 after the $191.5 million Flyme acquisition, partly funded with new bank financing, while management warns memory costs will keep weighing on margins over the next few quarters.
Key figures
- Revenue
- 240800000
- Guidance
- FY2026 total revenue of US$1.0-US$1.1 billion reiterated
- Revenue Yoy
- 10%
- Net loss
- 48600000
- Shipments
- approximately 721,000 units
- Total cash
- 53700000
- Design wins
- 23
- Gross margin
- 7.0%
- Gross profit
- 16900000
- Cash prior quarter
- 165500000
- Net loss prior year
- 8400000
- Adjusted ebitda loss
- 37700000
- Flyme acquisition cost
- 191500000
- Gross margin prior year
- 21.9%
- New model mass production
- 21
AI analysis
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