Companies /Consumer Cyclical

XPeng Inc

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

Q3 2025 Earnings

Reported Nov 17, 2025, 6:08am ET · SEC source
$-0.02
Beat +95.72%
EPS · est. $-0.47
$2.9B
Miss −85.96%
Revenue · est. $20.4B
−18.7%
Trailing market
XPEV vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0+4%Nov 17Nov 18report 6:08am ETearnings−1.9%−5.5%
−8%−4%0+4%Nov 17Nov 18earnings−1.9%−5.5%
XPEV −5.5%S&P 500 −1.9%
−8%−4%0+4%Nov 17Nov 18report 6:08am ETearnings−2.4%−5.5%
−8%−4%0+4%Nov 17Nov 18earnings−2.4%−5.5%
XPEV −5.5%NASDAQ −2.4%
−18%−12%−6%0Nov 17Nov 25report 6:08am ETearnings−0.7%−13.7%
−18%−12%−6%0Nov 17Nov 25earnings−0.7%−13.7%
XPEV −13.7%S&P 500 −0.7%
−18%−12%−6%0Nov 17Nov 25report 6:08am ETearnings−1.1%−13.7%
−18%−12%−6%0Nov 17Nov 25earnings−1.1%−13.7%
XPEV −13.7%NASDAQ −1.1%
−10.32%
Day of report
+0.85%
Next session
−6.69%
One week
−17.08%
30 days

S&P 500 over the same 30 days: +1.62%.

Did XPEV Beat Earnings? Q3 2025 Results

XPeng delivered a standout Q3 2025, posting an adjusted loss of just $0.02 per share against a consensus estimate of $0.47, a 95.72% beat that underscored how sharply the Chinese EV maker's economics have improved. Revenue came in at $2.86 billion, though the gap versus the $20.39 billion consensus reflected a currency and unit-of-measure conversion mismatch rather than operational weakness, with the company's own figures showing total revenue doubling year-over-year on the back of 116,007 vehicle deliveries, a 149.3% surge. The single most material driver was gross margin crossing 20% for the first time, rising 4.8 percentage points to 20.1%, while a high-margin services segment, energized by technology licensing milestones, contributed meaningfully to narrowing the net loss to $53.50 million from $1.81 billion a year ago. Analysts now see profitability within reach, with XPeng guiding Q4 deliveries of 125,000 to 132,000 vehicles and revenue growth of 33.5% to 42.8% year-over-year, even as <a href="https://247wallst.com/investing/2025/11/17/stock-market-live-november-17-sp-500-voo-opens-lower-as-investors-await-government-reports/">broader market volatility</a> and a fierce domestic price war temper the near-term outlook.

Key Takeaways
  • Vehicle deliveries surged 149.3% YoY to 116,007 units driven by newly launched models
  • Gross margin exceeded 20% for the first time, reaching 20.1%
  • Vehicle margin improved 4.5 percentage points YoY to 13.1% due to ongoing cost reduction
  • Services and others margin reached 74.6% driven by high-margin technical R&D services revenue from achievement of key milestones
  • Net loss narrowed 78.9% YoY to RMB0.38 billion

“In the third quarter of 2025, XPENG delivered another set of record results. Vehicle deliveries, revenue, gross margin and cash on hand all reached new highs. We are in the early stages of rapid expansion in terms of sales volume and market share, with Robotaxi and humanoid robots advancing rapidly toward mass production. I firmly believe XPENG will evolve into a global embodied AI company. Centered around physical AI applications, we are developing a comprehensive portfolio of technologies and products, alongside a thriving business ecosystem, thereby creating greater value for customers and shareholders worldwide.”

XPeng CEO, on the earnings call

Forward Guidance & Outlook

For Q4 2025, XPENG expects vehicle deliveries of 125,000 to 132,000, representing a year-over-year increase of approximately 36.6% to 44.3%. Total revenues are expected to be between RMB21.5 billion and RMB23.0 billion, representing a year-over-year increase of approximately 33.5% to 42.8%. October 2025 deliveries were 42,013 vehicles, bringing year-to-date totals to 355,209 vehicles.

XPEV YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$3.0B$6.0B$9.0B$10.1B$2.9BRevenue$1.5B$576.5MGross Profit$-54,299,243$-105,498,000Operating Income$-27,150,832$-53,498,000Net Income
$0$3.0B$6.0B$9.0BRevenueGross ProfitOperating IncomeNet Income

XPEV Revenue by Segment

Vehicle Sales$2.5B+105.3%
Services and Others$326.9M+78.1%

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