XPeng shares fall as weak outlook overshadows first quarterly profit

Xpeng Inc (NYSE:XPEV)’s US-listed shares fell astir 5% successful aboriginal trading connected Friday, arsenic a weaker near-term outlook overshadowed the company’s first-ever quarterly profit.

The Chinese electrical conveyance shaper reported a fourth-quarter nett net of RMB0.38 cardinal ($54.8 million), compared with a nonaccomplishment of RMB1.33 cardinal a twelvemonth earlier and a nonaccomplishment successful the anterior quarter.

The Wall Street statement was for the institution to astir interruption even, with a projected nonaccomplishment of astir $2.8 million.

Quarterly gross roseate 38.2% year-over-year to RMB22.25 cardinal ($3.18 billion), portion conveyance income gross accrued 30%. Gross borderline improved to 21.3% from 14.4% a twelvemonth earlier, and conveyance borderline climbed to 13.0%.

For the afloat year, XPeng delivered 429,445 vehicles, up 125.9% from the anterior year, with gross rising 87.7% to RMB76.72 billion. The institution ended 2025 with RMB47.66 cardinal ($6.81 billion) successful cash.

“In 2025, XPENG delivered a full of 429,445 vehicles, representing a 125.9% year-over-year increase,” Chairman and CEO Xiaopeng He said, highlighting the company’s expanding scale.

He added that XPeng is continuing to “push the boundaries of Physical AI,” with a absorption connected accelerating commercialization of caller technologies and increasing its planetary presence.

He besides pointed to broader ambitions beyond conveyance sales, describing what helium sees arsenic a turning constituent for the company’s exertion roadmap. XPeng aims to grow its stock successful AI-defined vehicles, beforehand from L2+ operator assistance toward L4 autonomy, and bring its next-generation VLA exemplary to planetary markets, portion pursuing scaled accumulation of humanoid robots.

Despite the beardown operational progress, investors focused connected the company’s near-term outlook. XPeng expects first-quarter deliveries of 61,000 to 66,000 vehicles, representing a year-over-year diminution of astir 30% to 35%.

Revenue is projected betwixt RMB12.20 cardinal and RMB13.28 billion, down astir 16% to 22.8% from a twelvemonth earlier.