Xiaomi is trading 8.21% up at $17.60 after investors focused on management’s reassurance that memory-cost increases should moderate in the second half of 2026.
- August 18 earnings showed RMB108.9 billion revenue and RMB6.2 billion adjusted net profit; smartphone average selling prices reached a record high.
- Q2 EV deliveries totaled 104,199 units. Despite year-over-year declines, sequential revenue and profit improved, suggesting conditions may be stabilizing.
- Earnings-related rebound outweighed concerns over elevated component costs and weaker reported profitability.