Xiaomi Stock: Revenue Jumps 22% in Q3 as EV Push Continues

TLDR

• Xiaomi reported third quarter revenue of 113.1 billion yuan ($15.90 billion), up 22.3% year-over-year
• Revenue fell short of analyst expectations of 116.5 billion yuan
• Adjusted net profit surged 80.9% to 11.3 billion yuan, beating estimates of 10.3 billion yuan
• Hong Kong-listed shares dropped 2.81% to 41 Hong Kong dollars despite the earnings beat
• The company continues its expansion into electric vehicles while maintaining smartphone and home appliance operations

Xiaomi posted a 22.3% revenue increase for the third quarter as the company pushes deeper into the electric vehicle market. The Chinese tech company reported quarterly revenue of 113.1 billion yuan, translating to $15.90 billion.

The revenue figure came in below what Wall Street was expecting. Analysts had projected revenue would hit 116.5 billion yuan for the quarter ended September 30.

Despite missing revenue targets, Xiaomi delivered strong profit growth. Adjusted net profit climbed 80.9% compared to the same period last year.

The company reported adjusted net profit of 11.3 billion yuan. This exceeded analyst estimates of 10.3 billion yuan, according to LSEG data.

The market didn’t celebrate the mixed results. Hong Kong-listed shares fell 2.81% on Tuesday, closing at 41 Hong Kong dollars.

Profit Margins Show Strength

The profit performance tells a different story than the revenue miss. The 80.9% year-over-year profit jump shows improving operational efficiency.

This margin expansion came as Xiaomi balanced its traditional business with its new EV venture. The company maintains its position as the world’s third-largest smartphone maker.

Xiaomi also produces home appliances alongside its core smartphone business. The electric vehicle division represents the company’s newest and most ambitious expansion.

Stock Performance This Year

The daily stock decline doesn’t reflect the broader picture for Xiaomi investors. Shares have gained 18.2% since the start of 2025.

This year-to-date performance shows investor confidence in the company’s strategy. The EV push has generated interest despite requiring heavy investment.

Tuesday’s earnings report marked another quarter of double-digit revenue growth. The company has maintained this growth trajectory while entering a capital-intensive new industry.

The revenue miss of roughly 3 billion yuan raised questions about demand. However, the profit beat suggested cost controls remain effective.

Xiaomi reported these results as competition intensifies in both smartphones and electric vehicles. The Chinese market presents challenges in both sectors.

The company’s smartphone division continues generating the bulk of revenue. Home appliances contribute steady sales to the overall business.

The electric vehicle segment requires substantial investment in manufacturing and technology. This spending hasn’t prevented profit margin expansion in recent quarters.

Hong Kong trading showed investors focusing on the revenue shortfall rather than the profit beat. The 2.81% decline came on moderate trading volume.

The third quarter results continue Xiaomi’s pattern of strong year-over-year comparisons. Both revenue and profit showed substantial gains from 2024 levels.

Xiaomi’s adjusted net profit of 11.3 billion yuan represented the quarter’s financial highlight. The company exceeded analyst profit expectations by roughly 10%.

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