XPENG Reports Q1 2026 Results: Gross Margin Sustains High Level of 20.6%, Accelerating Physical AI Mass Production, Commercialization and Globalization
XPENG reported Q1 2026 revenue of RMB 13.03 billion with a robust 20.6% gross margin, confirming profitability in its core smart EV business. Overseas momentum is accelerating, with April deliveries surpassing 6,000 units for the first time and management projecting overseas markets to contribute over 20% of Q2 revenue.
Key figures
- Revenue
- 13.03 billion RMB
- Gross margin
- 20.6%
- Gx ultra trim share
- 80%
- Adas vla2 penetration
- 50%
- Overseas deliveries april
- 6,000 units
- Q2 overseas revenue contribution
- >20%
AI analysis
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