NIO's Q2 revenue increased by 9% year-on-year, and delivery volume increased by 26% year-on-year. Q3 delivery guidance is basically in line with expectations | Earnings Report Insights

On Tuesday before the US stock market opened, Nio released its Q2 financial report, specifically:

Q2 2025 revenue was 19.01 billion yuan, compared to 17.45 billion yuan in the same period last year, a year-on-year increase of 9%, with analysts' average expectation at 19.97 billion yuan.

Adjusted net profit was 4.13 billion yuan, while there was a loss of 4.54 billion yuan in the same period last year. Gross margin was 10%, up from 9.7% in the same period last year, with analysts' average expectation at 11.1%.

The adjusted loss per American Depositary Share was 1.85 yuan, an improvement from a loss of 2.21 yuan in the same period last year, with analysts' average expectation for a loss of 2.17 yuan.

Delivery volume was 72,056 vehicles, a year-on-year increase of 26%, while analysts' average expectation was 73,023 vehicles.

In terms of performance guidance:

Q3 revenue is expected to be between 21.81 billion and 22.88 billion yuan, with the expectation at 24.13 billion yuan;

Q3 delivery volume is expected to be between 87,000 and 91,000 vehicles, with market expectation at 91,091 vehicles.

After the financial report was released, Nio's US stock pre-market fell over 18%.

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