Xiaomi has reported a gross of CNY 108.9 cardinal ($16.2 billion) for Q2 2026 – this is with a gross nett borderline of 19.8% and an adjusted nett net of CNY 6.2 cardinal ($919 million).
Revenue breakdown for Xiaomi’s Q2: smartphones & AIoT vs. EVs, AI and others
Most of that came from smartphones and AIoT devices – CNY 84.0 billion. This part reported a gross nett borderline of 20.0%. The Smart EV, AI and Other New Initiatives part brought successful CNY 24.9 cardinal with a gross nett borderline of 19.2%. Mind you, the EV part mislaid wealth this 4th – you tin find much details connected the fiscal concern of Xiaomi’s EV part here. Here we volition absorption connected smartphones.
The smartphones and AIoT class tin beryllium breached down further. Smartphones connected their ain brought successful CNY 42.1 billion, portion IoT and Lifestyle Products brought successful CNY 31.3 billion.
A breakdown of gross by antithetic merchandise categories
Xiaomi smartphones reached a grounds precocious Average Selling Price (ASP) of CNY 1,351 – this converts to $200. The premium smartphone conception reached astir a 3rd of each Xiaomi phones sold successful Mainland China (32.1%).
Xiaomi phones scope a grounds precocious ASP, premium models go much popular
The institution is spending monolithic amounts of wealth connected Research & Development (R&D) – it has already spent CNY 18.2 cardinal this twelvemonth ($3.7 billion) and forecasts a full walk of implicit CNY 40 cardinal for this twelvemonth ($5.9+ billion). Nearly fractional of Xiaomi employees (47.2%) enactment successful R&D.
Some of them are moving connected grooming AI models and Xiaomi’s MiMo-V2.5 LLM was utilized to make 10.5 trillion tokens successful the week starting connected July 20, which ranked it #1 globally.
This AI exemplary is simply a large portion of HyperOS 4 arsenic well. The caller mentation (which is presently successful beta) volition diagnostic precocious representation preloading and volition importantly trim dropped frames erstwhile playing video (down 28.9%).
Xiaomi is the #3 smartphone shaper globally – it has been for 24 consecutive quarters. This Q2 successful particular, it shipped 31.2 cardinal phones for an 11.5% marketplace share. However, these shipments are down 26.3% from the year-ago quarter.
Xiaomi smartphone shipments successful Q2
Here’s a look astatine Xiaomi’s smartphone shipments and marketplace stock implicit the past respective quarters:
Xiaomi smartphone shipments and marketplace stock betwixt Q2 2025 and Q2 2026
A much determination breakdown shows that Xiaomi is successful the Top 3 successful astir places prevention for India wherever it ranked #4. It’s #2 successful Latin America, the Middle East and Southeast Asia and #3 successful Europe and Africa.
A determination breakdown of Xiaomi’s marketplace share
Sales successful Mainland China dropped to 8.4 cardinal units (14.2% marketplace share) successful Q2 2026, compared to 10.3 cardinal (14.4% marketplace share) successful Q1 2026 and 11.5 cardinal successful Q2 2025 (16.8% marketplace share).
Moving connected to tablets, Xiaomi is ranked #4 some globally and successful Mainland China. Shipments this 4th declined 6.8% to 2.8 cardinal tablets.
Global shipment numbers for Xiaomi tablets
The institution remains beardown successful the wearable and TWS markets, it’s ranked #2 globally and successful Mainland China for some categories.
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