XPEV Q2 2025 Earnings
Reported Aug 19, 2025 at 10:07 AM ET · SEC Source
Q2 25 EPS
$-0.07
BEAT +93.41%
Est. $-1.06
Q2 25 Revenue
$2.55B
MISS 85.77%
Est. $17.92B
vs S&P Since Q2 25
-36.8%
TRAILING MARKET
XPEV -23.8% vs S&P +12.9%
Market Reaction
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% … Read more 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
XPEV YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
XPEV Revenue by Segment
With YoY comparisons, source: SEC Filings
“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.”
— Xiaopeng He, Q2 2025 Earnings Press Release
XPEV Earnings Trends
XPEV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
XPEV EPS Trend
Earnings per share: estimate vs actual
XPEV Revenue Trend
Quarterly revenue: estimate vs actual
XPEV Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 FY | — | $0.08 | — | $3.18B | — |
| FY Full Year | — | $-0.07 | — | $10.97B | — |
| Q3 25 BEAT | $-0.47 | $-0.02 | +95.72% | $2.86B | -85.96% |
| Q2 25 BEAT | $-1.06 | $-0.07 | +93.41% | $2.55B | -85.77% |
| Q1 25 BEAT | $-1.51 | $-0.10 | +93.39% | $2.18B | -86.11% |