🔴 Xiaomi is trading 4% down today after Q2 adjusted net profit fell 42.6%

Xiaomi is trading 4% down now at $15.79 after its August 18, 2026, second-quarter results highlighted a sharp profitability decline.

• Adjusted net profit fell 42.6% to RMB6.2 billion, below the RMB6.6 billion analyst estimate; revenue declined 6.1% to RMB108.9 billion amid component-cost pressure.
• EV and new-business growth provided some offset.
• Broader technology weakness, rising bond yields, and geopolitical concerns are adding pressure to growth-oriented stocks.