NIO Inc. (NYSE:NIO) stock fell Tuesday after the Chinese electric vehicle maker reported mixed second-quarter results.
NIO Revenue Misses Estimates
NIO reported revenue of 32.14 billion Chinese yuan ($4.74 billion), up 69.1% year over year and 25.9% from the previous quarter. However, revenue missed the analyst consensus estimate of $4.78 billion.
Adjusted earnings came in at 0.01 yuan per American depositary share. That marked a sharp improvement from an adjusted loss of 1.85 yuan per ADS a year earlier.
The company delivered 107,658 vehicles during the quarter, up 49.4% year over year and 29% sequentially.
Vehicle revenue jumped 80.1% from a year earlier. Higher deliveries and a favorable product mix drove the increase.
Read Also: NIO’s August Growth Masks a Steep ONVO Slump
Margins Improve
Gross margin rose to 18.4% from 10% a year earlier. However, it slipped from 19% in the first quarter.
Vehicle margin reached 18.5%, up from 10.3% a year ago but down from 18.8% in the previous quarter.
The company held 56.7 billion yuan ($8.4 billion) in cash, restricted cash, investments and long-term deposits as of June 30.
CEO William Bin Li cited sales momentum across the NIO, ONVO and FIREFLY brands. CFO Stanley Yu Qu said higher-margin models and cost controls supported profitability and cash reserves.
Delivery Momentum Continues
The company delivered 35,836 vehicles in August. Deliveries totaled 262,893 vehicles during the first eight months of 2026. Cumulative deliveries reached 1,260,485 vehicles.
By comparison, rival Tesla Inc. (NASDAQ:TSLA) delivered a record 480,126 vehicles globally during the second quarter, up 25% year over year.
NIO Third-Quarter Outlook
The Chinese electric vehicle maker expects third-quarter deliveries of 108,000 to 111,000 vehicles. That would represent growth of 24% to 27.5% from a year earlier.
The company forecast revenue of 33.29 billion yuan to 34.05 billion yuan ($4.91 billion to $5.02 billion). The range implies growth of 52.7% to 56.2% but falls below the $5.07 billion analyst consensus estimate.
NIO Price Action: NIO shares fell 1.91% to $4.15 in Tuesday’s premarket trading, according to Benzinga Pro.
Photo via Shutterstock
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