Ehang Holdings is trading 10% down at $4.68 after its August 25, 2026, second-quarter earnings release exposed a substantial revenue miss and regulatory uncertainty.
- Second-quarter revenue was $11.5 million, versus $16.5 million expected.
- Management withdrew its $150 million–$170 million full-year 2026 revenue target because Chinese passenger-service approvals remain uncertain.
- The broader market is higher, making the company-specific earnings reaction the dominant explanation.