XIACY
Xiaomi Corporation
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Xiaomi Corporation.
Xiaomi Corporation designs, manufactures, and sells smartphones, IoT and lifestyle products, and related internet services. Hardware includes Xiaomi and Redmi phones, wearables, TVs, home appliances, and a broad AIoT ecosystem; internet services include advertising, gaming, and fintech offerings on those devices. The company sells globally through online and offline channels.
Coverage
Xiaomi Is Training Its Next Model in Public. Its AI Revenue Sits in a RMB1.0bn Line.
Mid-run, MiMo-V2.6-Pro scores 65.97% on DeepSWE against 19% for the shipped model. Xiaomi's AI revenue still sits inside a RMB1.0bn residual, 0.9% of sales.
Waymo Is Driving on 5nm. Xiaomi Has Validated 3nm. Tesla Is Moving From 7nm AI4 to a Reported 2nm-Class AI5.
The robotaxi silicon ladder runs from Tesla's 7nm AI4 to a 2nm-class AI5, yet Waymo's mature 5nm ASIC leads the production test: it carries passengers today.
Xiaomi Unveiled Three Chips. Our Model Still Prices the Entire AI and EV Segment as 104,199 Cars.
Xiaomi unveiled three XRING chips, but reports them beside EVs in one segment — which our model drives entirely from 104,199 vehicle deliveries at $35,118 each.
Xiaomi Raised Phone Prices 26%. Its Phone Margin Fell to 8.5% Anyway.
Xiaomi's June quarter: revenue down 6.1%, phone margin 8.5% despite 26% price rises, and an EV line growing deliveries 28% in a shrinking market at a loss.
Where the revenue goes next
Latest: $16.01B (2026Q2)
| Period | Value |
|---|---|
| 2023Q3 | $9.79B |
| 2023Q4 | $10.14B |
| 2024Q1 | $10.50B |
| 2024Q2 | $12.28B |
| 2024Q3 | $12.91B |
| 2024Q4 | $15.16B |
| 2025Q1 | $15.30B |
| 2025Q2 | $16.03B |
| 2025Q3 | $15.81B |
| 2025Q4 | $16.49B |
| 2026Q1 | $14.32B |
| 2026Q2 | $16.01B |
Latest: $0.26 (2026Q2)
| Period | Value |
|---|---|
| 2023Q3 | $0.13 |
| 2023Q4 | $0.13 |
| 2024Q1 | $0.11 |
| 2024Q2 | $0.14 |
| 2024Q3 | $0.15 |
| 2024Q4 | $0.25 |
| 2025Q1 | $0.29 |
| 2025Q2 | $0.31 |
| 2025Q3 | $0.32 |
| 2025Q4 | $0.16 |
| 2026Q1 | $0.13 |
| 2026Q2 | $0.26 |
Latest: 16.0 (2026Q2)
| Period | Value |
|---|---|
| 2024Q2 | 20.6 |
| 2024Q3 | 26.4 |
| 2024Q4 | 33.6 |
| 2025Q1 | 38.1 |
| 2025Q2 | 38.6 |
| 2025Q3 | 29.7 |
| 2025Q4 | 23.3 |
| 2026Q1 | 22.5 |
| 2026Q2 | 16.0 |
Latest: $26M (2026Q2)
| Period | Value |
|---|---|
| 2023Q3 | $1.44B |
| 2023Q4 | $702M |
| 2024Q1 | −$1.62B |
| 2024Q2 | $1.43B |
| 2024Q3 | $1.36B |
| 2024Q4 | $2.83B |
| 2025Q1 | $244M |
| 2025Q2 | $2.58B |
| 2025Q3 | $17M |
| 2025Q4 | −$646M |
| 2026Q1 | −$733M |
| 2026Q2 | $26M |
Latest: 5.30B (2026Q2)
| Period | Value |
|---|---|
| 2023Q3 | 5.06B |
| 2024Q1 | 5.10B |
| 2024Q2 | 5.09B |
| 2024Q3 | 5.08B |
| 2025Q1 | 5.20B |
| 2025Q2 | 5.36B |
| 2025Q3 | 5.37B |
| 2026Q1 | 5.29B |
| 2026Q2 | 5.30B |
Latest: $7.63B (2026Q2)
| Period | Value |
|---|---|
| 2023Q3 | $1.44B |
| 2023Q4 | $2.15B |
| 2024Q1 | $527M |
| 2024Q2 | $1.96B |
| 2024Q3 | $3.31B |
| 2024Q4 | $6.15B |
| 2025Q1 | $6.39B |
| 2025Q2 | $8.97B |
| 2025Q3 | $8.98B |
| 2025Q4 | $8.34B |
| 2026Q1 | $7.61B |
| 2026Q2 | $7.63B |
Latest earnings
Next report: Nov 17, 2026 (Q3 2026)
Company History
Lei Jun and seven co-founders start Xiaomi, shipping the MIUI Android firmware before the first handset arrives a year later.
Becomes China's largest smartphone vendor by shipments on a direct-to-consumer, flash-sale model, and begins the ecosystem-company investment programme that builds out the IoT range.
Lists on the Hong Kong stock exchange under code 1810 at HKD17.00 per share in a weighted-voting-rights structure, the venue's first such listing.
Commits USD10 billion over ten years to a wholly owned smart electric-vehicle business, with Lei Jun leading it personally.
The SU7 sedan reaches customers in the March quarter, and the smart EV, AI and other new initiatives segment starts reporting revenue.
A global surge in memory prices collapses the smartphone gross margin to single digits while the company pushes the MiMo model family, the Miloco home-AI stack and an extended-range SUV line.
Key Players
The CEO view — 4 podcasts, interviews & articles →
