ECARX (ECX) Q2 2026 earnings summary

Executive summary

• Achieved 45% year-over-year revenue growth in Q2 2026, reaching $225.2 million, with strong momentum despite challenging automotive market conditions and rising global memory costs.

• Delivered fourth consecutive quarter of positive adjusted EBITDA, reflecting disciplined execution and operational improvements.

• Expanded global presence through new model launches, strategic partnerships with Volkswagen Group and TPK, and a major acquisition to strengthen the technology stack.

• Net loss narrowed significantly to $12.0 million from $45.4 million in Q2 2025.

• Shipped over 550,000 units in Q2, with high-end solutions accounting for 42% of shipments.

Financial highlights

• Q2 2026 revenue reached $225.2 million, up 45% year-over-year, with sales of goods at $196.4 million.

• Gross margin expanded to 19.8%, up from 10.8% a year ago, with gross profit at $44.5 million.

• Operating expenses declined 11% year-over-year to $50.7 million.

• Adjusted EBITDA was $0.5 million, marking the fourth consecutive positive quarter.

• Net loss narrowed to $12.0 million from $45.4 million in Q2 2025.

Outlook and guidance

• Reaffirmed full-year 2026 revenue guidance of $1.0–$1.1 billion, supported by strong order backlog and commercial pipeline.

• Expect continued margin pressure from global memory costs, but confident in supply chain management and ability to pass on cost increases.

• Shipment and vehicle launch momentum expected to continue in Q3 and Q4 2026.