XIAOMI-W achieved revenue of approximately 108.922 billion yuan in the second quarter, a quarter-on-quarter increase of 9.9%, with continued investment in hardcore technology research and development
In the second quarter of 2026, Xiaomi Corporation's revenue was approximately 108.922 billion yuan, a quarter-on-quarter increase of 9.9%; adjusted net profit was approximately 6.219 billion yuan. The smartphone shipment volume was 31.2 million units, ranking among the top three globally; the number of IoT device connections reached a historic high of 1.16 billion; new car deliveries exceeded 100,000 units. R&D expenditure was 9.2 billion yuan, a year-on-year increase of 18.9%, continuously increasing investment in hardcore technology and AI fields
According to the Zhitong Finance APP, Xiaomi Corporation-W (01810) announced its Q2 2026 performance, achieving revenue of approximately RMB 108.922 billion, a quarter-on-quarter increase of 9.9%. Gross profit was approximately RMB 21.609 billion, with a profit of approximately RMB 9.463 billion, a quarter-on-quarter increase of 99.9%; adjusted net profit was approximately RMB 6.219 billion, a quarter-on-quarter increase of 2.4%.
From January to June, the company achieved revenue of approximately RMB 208.063 billion, gross profit of RMB 43.419 billion, profit of RMB 14.198 billion, and adjusted net profit of approximately RMB 12.291 billion.
In Q2 2026, the group's smartphone shipments reached 31.2 million units. According to Omdia data, the company's global smartphone shipments have ranked among the top three in the world for 24 consecutive quarters. As of June 30, 2026, the number of IoT devices connected to the company's AIoT platform (excluding smartphones and tablets) reached 1.1608 billion, a year-on-year increase of 17.4%, setting a new historical high. In June 2026, the company's global monthly active users reached 766.5 million, a year-on-year increase of 4.8%, also setting a new historical high. In Q2 2026, the company's new car deliveries reached 104,199 units, a year-on-year increase of 28.2%.
The company is steadily executing its "New Decade Goal": to invest heavily in core underlying technologies and strive to become a global leader in the next generation of hardcore technology. In Q2 2026, the group's R&D expenditure was RMB 9.2 billion, a year-on-year increase of 18.9%. As of June 30, 2026, R&D personnel accounted for 47.2% of the total workforce. As of June 30, 2026, Xiaomi Corporation has obtained over 47,000 patents globally.
The company continues to delve into the field of artificial intelligence. The foundational model Xiaomi MiMo-V2.5, released in April 2026, has received widespread support from global users. On the OpenRouter platform, Xiaomi MiMo-V2.5 ranked first in weekly call volume, reaching 10.5 trillion tokens. In June 2026, the company officially launched the whole-house smart AI open-source solution Xiaomi Miloco 2.0 (full name Xiaomi Local Copilot 2.0), which is centered around the Xiaomi MiMo large model. Compared to Xiaomi Miloco 1.0, Xiaomi Miloco 2.0 further explores new forms of smart home, beginning to move towards a "memory-capable, person-recognizing, execution-understanding" proactive home intelligence.
The company is also exploring the boundaries of embodied intelligence. In July 2026, the company released and open-sourced Xiaomi-Robotics-U0, a multimodal autoregressive embodied generative foundational model with 38 billion parameters. In the WorldArena evaluation benchmark, Xiaomi-Robotics-U0 achieved the highest overall score among 126 models globally. In the same month, the company released XiaomiRobotics-1, an embodied foundational model aimed at real mobile operation tasks, which was pre-trained on 100,000 hours of real-world data. In the RoboCasa365 simulation evaluation, Xiaomi-Robotics-1 ranked first In addition, in July 2026, the company demonstrated that the success rate of Xiaomi robots working on both sides of the self-tapping nut assembly station in the Xiaomi automobile factory increased from 90.2% to 98%. At the same time, Xiaomi robots connected to a new workstation in the logistics area of the final assembly workshop: the sorting of center console side cover plates and the folding and recycling of material boxes, both achieving a success rate of 90%. In June 2026, the Xiaomi robot team won dual championships in the GigaBrain Challenge-RoboChallenge track at the CVPR 2026 Workshops and the WBC (Whole Body Control) track at ICRA 2026, reflecting the cutting-edge R&D level of the Xiaomi robot team in the field of embodied intelligence.
Furthermore, the group steadily optimized the operational efficiency of new retail stores. As of June 2026, the number of Xiaomi Home stores over 500 square meters in mainland China exceeded 270. At the same time, the group steadily promoted the overseas expansion of the new retail model, with the number of new retail stores abroad exceeding 640, covering regions such as Southeast Asia, Europe, East Asia, Latin America, the Middle East, and Africa.
In the second quarter of 2026, the group continued to improve operational efficiency, with the operating expense ratio of the "Mobile × AIoT" segment at 14.2%, a decrease of 0.6 percentage points quarter-on-quarter. Meanwhile, the company actively invested in the future, with capital expenditures for the quarter amounting to approximately RMB 3.6 billion, including RMB 2.4 billion for capital expenditures in innovative business segments such as smart electric vehicles and AI
