The substantial EPS beat and raised guidance make this a strong near-term catalyst. Monitor monthly delivery updates (May and June) to validate the Q2 guidance trajectory. The improving vehicle margin and cash position reduce dilution risk.
Price Chart
Executive Summary
NIO reported Q1 2026 GAAP EPS of -$0.03, crushing the consensus estimate of -$0.34, on revenue of $3.70B (RMB25.5B), up 112% YoY. Vehicle margin improved to 18.8%, and the company guided Q2 deliveries up 53-60% YoY and revenue up 72-81% YoY, signaling accelerating momentum.
Key Financial Metrics
Key Facts
- Q1 deliveries 83,465, up 98.3% YoY; vehicle margin 18.8% vs 10.2% YoY
- GAAP EPS -$0.03 beat consensus -$0.34 by 91.5%; revenue -$3.70B slightly below consensus but up 112% YoY
- Q2 guidance: deliveries 110,000-115,000 (+53-60% YoY), revenue RMB32.8B-34.4B (+72-81% YoY)
- Cash and equivalents $7.0B; net current assets turned positive; positive non-GAAP operating profit of RMB66.8M
- Gross margin 19.0% vs 7.6% YoY; operating loss narrowed 95% YoY to RMB308.8M
Financial Impact
Massive EPS beat and strong guidance likely drive significant upside; Q2 revenue guided 72-81% higher YoY
Risk Factors
- Sequential delivery decline of 33% from Q4 due to seasonality and model transition
- Still GAAP net loss of RMB332M; competitive pressure from BYD, Xpeng, and Tesla
- Geopolitical and regulatory risks in China EV market
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3299109 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 1, 2026 4w ago | 6-K | $4.06 $3.43 | ▼ −15.52% | ▼ −15.83% | $3.39 (−16.50%) |
Sep 1, 2026 4w ago | 6-K | $4.06 $3.43 | ▼ −15.52% | ▼ −15.83% | $3.39 (−16.50%) |
Sep 1, 2026 4w ago | 6-K | $4.06 $3.43 | ▼ −15.52% | ▼ −15.83% | $3.39 (−16.50%) |
Sep 1, 2026 4w ago | Press Release | $4.06 $3.43 | ▼ −15.52% | ▼ −15.83% | $3.39 (−16.50%) |
Aug 20, 2026 6w ago | 6-K | $4.53 $3.66 | ▼ −19.21% | ▼ −19.21% | $3.39 (−25.17%) |
Aug 20, 2026 6w ago | Press Release | $4.53 $3.66 | ▼ −19.21% | ▼ −19.21% | $3.39 (−25.17%) |
Aug 3, 2026 8w ago | 6-K | $4.81 $4.23 | ▼ −12.06% | ▼ −13.30% | $3.39 (−29.52%) |
Jul 2, 2026 13w ago | 6-K | $4.79 $4.84 | ▲ +1.04% | ▲ +1.46% | $3.39 (−29.23%) |
Jul 1, 2026 13w ago | Press Release | $4.97 $4.76 | ▼ −4.23% | ▼ −2.04% | $3.39 (−31.79%) |
Jun 11, 2026 16w ago | Institutional Cluster | $5.23 $4.78 | ▼ −8.60% | ▼ −10.50% | $3.39 (−35.18%) |
US Market Status
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