XPENG (NYSE:XPEV) Posts Quarterly Earnings Results, Misses Expectations By $0.16 EPS

XPENG (NYSE:XPEV) posted its quarterly earnings data on Thursday, May 28th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.16), Zacks reports. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. XPENG had a negative return on equity of 7.72% and a negative net margin of 3.09%.

Here are the key takeaways from XPENG’s conference call:

• XPeng reported Q1 2026 revenue of RMB 13.03 billion, down 17.6% year over year and 21.4% quarter over quarter, while net loss widened to RMB 1.78 billion. Vehicle sales revenue fell sharply as deliveries declined to 62,682 units in a volatile China NEV market.
• Management signaled a strong rebound, guiding Q2 deliveries to 100,000-106,000 vehicles and revenue to RMB 19.6 billion-20.8 billion. The company said it expects sequential growth in each remaining quarter, supported by new models and rising production.
• XPeng emphasized its transformation into a “physical AI” company, with major investment plans around autonomous driving, robotaxis, and humanoid robots. Management said these areas could become new revenue and profit engines over time, especially as mass production and commercialization advance.
• The company highlighted momentum in its smart-driving stack, saying VLA 2.0-assisted driving mileage penetration exceeded 50% in April and that a major OTA upgrade is planned for Q3. Management expects the next releases to materially improve capability and reduce takeover rates, while also expanding language interaction through VLM integration by year-end.
• International expansion is becoming a bigger growth driver, with management saying international revenue should exceed 20% of total revenue from Q2 and overseas deliveries should more than double this year. XPeng also said its overseas business already shows better profitability, supported by local manufacturing in Southeast Asia and Europe.

XPENG Stock Performance

NYSE XPEV opened at $13.61 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.14 and a quick ratio of 0.89. The stock’s 50 day simple moving average is $15.29 and its 200-day simple moving average is $17.44. The company has a market cap of $12.92 billion, a PE ratio of -40.03 and a beta of 1.12. XPENG has a 1-year low of $11.77 and a 1-year high of $28.24.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group restated a “buy” rating and issued a $25.20 target price on shares of XPENG in a research note on Friday, May 29th. Bank of America restated a “buy” rating on shares of XPENG in a research report on Thursday, May 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of XPENG in a report on Monday, April 20th. Barclays dropped their price objective on XPENG from $17.00 to $16.00 and set an “underweight” rating on the stock in a report on Tuesday, March 24th. Finally, Wall Street Zen downgraded XPENG from a “hold” rating to a “sell” rating in a research note on Sunday, May 24th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, XPENG presently has an average rating of “Hold” and a consensus price target of $25.51.

Institutional Investors Weigh In On XPENG

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in shares of XPENG by 6.0% in the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after buying an additional 584 shares during the last quarter. Royal Bank of Canada raised its stake in XPENG by 33.6% during the first quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock worth $490,000 after purchasing an additional 5,945 shares during the period. Finally, Ameriprise Financial Inc. grew its position in XPENG by 29.4% in the second quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock worth $2,280,000 after acquiring an additional 28,983 shares during the period. Institutional investors and hedge funds own 21.09% of the company’s stock.

About XPENG

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.