Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|
| Q2 Revenue | | $225.20 mln | |
| Q2 Net Loss | | $12 mln | |
| Q2 Adjusted EBITDA | | $500,000 | |
| Q2 Gross Margin | | 19.80% | |
| Q2 Gross Profit | | $44.50 mln | |
Result drivers
- Product mix shift - Co said shift to higher-value automotive computing platform products drove revenue growth
- Price adjustments - Co said price increases offset elevated memory costs, supporting gross margin expansion
- Service revenue growth - Co said higher service revenue was driven by increased design and development contract deliveries, especially from new model launches in China
Full-year outlook reiterated
- ECARX reiterates full-year 2026 revenue guidance of $1.0-$1.1 bln
- Company expects gross margin and operating profitability to be negatively impacted by memory cost dynamics in coming quarters
- Company says margin profile will be influenced by global memory costs and cadence of strategic investments
Q2 revenue and profitability improve
ECX•
