Li Auto Q2 FY26 turns to net loss of RMB 1.7 billion; revenue falls 15.1% to RMB 25.7 billion YoY - LI News | RalliesLi Auto Q2 FY26 turns to net loss of RMB 1.7 billion; revenue falls 15.1% to RMB 25.7 billion YoY
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LI• Q3 outlook calls for 95,000 to 100,000 deliveries
- Li Auto guided for Q3 deliveries of 95,000–100,000 vehicles.
- Revenue forecast at RMB 26.6 billion–RMB 28.0 billion.
Li Auto reports quarterly loss as revenue and deliveries decline
- Li Auto posted a GAAP net loss of RMB 1.7 billion, swinging from profit a year earlier; GAAP operating loss was RMB 2.3 billion.
- Revenue fell 15.1% year over year to RMB 25.7 billion, reflecting lower deliveries and a lower average selling price on product mix shifts.
- Gross margin slid 9.1 percentage points year over year to 11%; vehicle margin dropped 10 percentage points to 9.4%.
- Deliveries declined 11.5% year over year to 98,330 vehicles; July deliveries totaled 30,468 vehicles.
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