XPeng Reports Q2 Revenue of 19.74 Billion Yuan and 20.7% Gross Margin
XPeng released unaudited second-quarter 2026 results with total revenue of 19.74 billion yuan, up 8.0% year over year and up 51.5% quarter over quarter. Gross margin rose to 20.7%, beating estimates, as deliveries jumped to 103,295 vehicles. R&D spending increased to 2.91 billion yuan. XPeng’s robotics arm raised over $900 million, valuing it above $63 billion, while the company forecast Q3 deliveries of 115,000–121,000 and revenue of 21.7–23.4 billion yuan.