Companies /Consumer Cyclical

XPeng Inc

NYSE: XPEV Auto Manufacturers
$11.34
▼ $0.37 (−3.16%) today
Markets closed · 5:38pm ET

Q2 2025 Earnings

Reported Aug 19, 2025, 10:07am ET · SEC source
$-0.07
Beat +93.41%
EPS · est. $-1.06
$2.6B
Miss −85.77%
Revenue · est. $17.9B
+0.7%
Beating market
XPEV vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0+2%+4%Aug 19Aug 20report 10:07am ETearnings−0.9%+1.4%
−2%0+2%+4%Aug 19Aug 20earnings−0.9%+1.4%
XPEV +1.4%S&P 500 −0.9%
−3%0+3%Aug 19Aug 20report 10:07am ETearnings−1.7%+1.4%
−3%0+3%Aug 19Aug 20earnings−1.7%+1.4%
XPEV +1.4%NASDAQ −1.7%
0+7%+14%+21%Aug 18Aug 27report 10:07am ETearnings+0.8%+10.4%
0+7%+14%+21%Aug 18Aug 27earnings+0.8%+10.4%
XPEV +10.4%S&P 500 +0.8%
0+7%+14%+21%Aug 18Aug 27report 10:07am ETearnings+0.4%+10.4%
0+7%+14%+21%Aug 18Aug 27earnings+0.4%+10.4%
XPEV +10.4%NASDAQ +0.4%
+4.22%
Day of report
−1.78%
Next session
+17.31%
One week
+4.44%
30 days

S&P 500 over the same 30 days: +3.73%.

Did XPEV Beat Earnings? Q2 2025 Results

XPeng delivered a standout second quarter for fiscal 2025, posting a loss per share of just $0.07 against a consensus estimate of $1.06, a beat of 93.41%, even as revenue of $2.55 billion fell short of the $17.92 billion consensus estimate by 85.77% and declined 68.5% year-over-year. The headline EPS outperformance was driven by a dramatic narrowing of net losses, with the company's net loss shrinking to $480 million from $1.28 billion a year ago, supported by a record gross margin of 17.3% and vehicle margin of 14.3%, the latter improving for an eighth consecutive quarter. A surge in deliveries, up 241.6% year-over-year to 103,181 vehicles, underscored the accelerating demand for XPeng's expanding lineup, including the newly launched G7 SUV. Shares rose on investor optimism around the company's forward outlook, with management guiding Q3 deliveries of 113,000 to 118,000 units and revenue of $19.60 billion to $21.00 billion, representing year-over-year growth of approximately 94% to 108%, signaling that momentum is expected to build further.

Key Takeaways
  • Vehicle deliveries increased 241.6% YoY to 103,181 units in Q2 2025
  • Vehicle margin improved for eighth consecutive quarter to 14.3%, up 7.9 percentage points YoY
  • Ongoing cost reduction and improvement in product mix of models
  • Gross margin reached new historical high of 17.3%
  • Higher commission to franchised stores driven by higher sales volume

“In the second quarter of 2025, XPENG achieved record-high performance across key operational and financial metrics, including vehicle deliveries, revenue, gross margin, and cash position.”

XPeng CEO, on the earnings call

Forward Guidance & Outlook

For Q3 2025, XPENG expects vehicle deliveries of 113,000 to 118,000 units, representing a year-over-year increase of approximately 142.8% to 153.6%. Total revenues are expected to be between RMB19.6 billion and RMB21.0 billion, representing a year-over-year increase of approximately 94.0% to 107.9%. The outlook is based on current market conditions and preliminary estimates of market and operating conditions and customer demand.

XPEV YoY Financials

Q2 2025 vs Q2 2024 · SEC filings Q2 2024 Q2 2025
$0$3.0B$6.0B$8.1B$2.6BRevenue$1.1B$442.1MGross Profit$-67,993,642$-130,473,000Operating Income$-34,235,409$-66,694,000Net Income
$0$3.0B$6.0BRevenueGross ProfitOperating IncomeNet Income

XPEV Revenue by Segment

Vehicle Sales$2.4B+147.6%
Services and Others$194.1M+7.6%

Figures from SEC filings and company reports. Not investment advice.