Xos revises 2026 outlook due to results and changes in product mix, order volumes
XOS•Xos cut its 2026 revenue outlook to $25 million-$35 million and expects deliveries of 185 to 250 units. Third-quarter revenue fell 66% year over year to $5.5 million.
1. Revised 2026 outlook
Xos now expects 2026 revenue of $25 million to $35 million, a non-GAAP operating loss of $20.5 million to $17.2 million, and deliveries of 185 to 250 units. The company said it revised its outlook due to results to date and changes in product mix and order volumes.
2. Third-quarter results
Third-quarter revenue fell 66% year over year to $5.5 million, below the $14.7 million consensus estimate from one analyst. Xos reported a net loss of $7.6 million and said it recorded its third consecutive quarter of positive gross profit while reducing operating expenses to $8.31 million.
3. Company cited efficiency
Xos attributed lower operating expenses and improved gross margin to operational efficiency and cost discipline. It also cited deliveries of Xos Hub units to utilities and its first international deployment as product milestones.
