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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Xos
Xos (XOS) investor relations material
Xos Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary13 Aug, 2026
Executive summary
Q2 2026 marked a pivotal quarter with the launch of the Power Hub, expanding into power infrastructure and energy storage for data centers and the AI economy, with a strategic focus on powertrain and hub production.
Delivered 30 units generating $4.7M in revenue, down from 135 units and $18.4M in Q2 2025, reflecting a shift in product mix.
Achieved second consecutive quarter of positive gross margin, with 12 consecutive quarters of positive non-GAAP gross margins.
Net loss for Q2 2026 was $6.9M, an improvement from $7.5M in Q2 2025, driven by lower operating expenses and improved other income.
The company continues to face substantial doubt about its ability to continue as a going concern due to ongoing losses, negative cash flows, and limited liquidity.
Financial highlights
Q2 2026 revenue was $4.7M on 30 units, down from $18.4M on 135 units in Q2 2025; first half 2026 revenue was $16.0M on 125 units, down from $24.3M on 164 units in H1 2025.
Q2 2026 gross profit was $0.6M (12.1% margin), non-GAAP $0.3M (7.2%); first half 2026 GAAP gross profit was $4.9M (31%), non-GAAP $4.6M (29%).
Q2 2026 operating loss was $7.9M; non-GAAP operating loss improved to $6.2M year-over-year.
Q2 2026 net loss was $6.9M; first half net loss was $11.8M, improved from $17.6M year-over-year.
Ended Q2 2026 with $13.2M in cash, up from $9.8M in Q1 2026.
Outlook and guidance
Revised full-year 2026 revenue guidance to $35–43M, with unit deliveries of 250–350 and non-GAAP operating loss of $14.7–11.4M.
Majority of 2026 deliveries expected in the second half, weighted toward higher-margin products.
Management expects continued volatility in unit sales and revenue due to lack of a robust order backlog and ongoing supply chain and tariff disruptions.
The company is actively seeking additional capital through equity and debt offerings but warns that access to capital is not assured.
If unable to secure funding or extend debt maturities, the company may be forced to seek bankruptcy protection.
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Latest events from Xos
- All proposals passed, including director elections and major stock issuance approval.XOS
AGM 2026 - Seeks up to $100M for commercial EV growth amid significant financial and operational risks.XOSRegistration filing
- Record Q1 revenue and gross margin, but ongoing losses and liquidity risks remain.XOSQ1 2026
- Key votes include director elections and approval of a convertible note that may shift control.XOSProxy filing
- Shareholders will vote on director elections, equity plan expansion, and a major convertible note share issuance.XOSProxy filing
- Key votes include director elections, auditor ratification, and approval of major stock issuance.XOSProxy filing
- Shareholders will vote on key governance, compensation, and capital structure proposals at the 2026 meeting.XOSProxy filing
- 2025 saw positive free cash flow, margin gains, narrowed losses, and strong growth in powertrain and hub segments.XOSQ4 2025
- Q2 2024 revenue up 227% year-over-year, 90 units delivered, but going concern risk remains.XOSQ2 2024
Next Xos earnings date
Q3 202612 Nov, 2026
Xos
Next Xos earnings date
Q3 202612 Nov, 2026
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Frequently asked questions
Xos, Inc. is a U.S.-based company specializing in the design and manufacturing of fully electric commercial vehicles. The company focuses on medium- and heavy-duty trucks for applications such as last-mile delivery, parcel logistics, and vocational fleets. Xos provides integrated solutions, including vehicles, battery systems, and fleet management software, to support sustainable transportation and reduce emissions. The company is headquartered in Los Angeles, California, and its shares are listed on the NASDAQ.