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Xiaomi Hits $16.2 Billion Revenue, Smartphone Selling Price Reaches Record High
Xiaomi posted a significant revenue of $16.2 billion for Q2 2026, mainly from its smartphone and AIoT businesses, which generated $12.6 billion. Premium smartphones accounted for 32.1% of sales. While Xiaomi continues to invest heavily in R&D, the company faces declining shipments, particularly in its home market of Mainland China, which dropped to 8.4 million units. Despite ranking third globally among smartphone manufacturers, challenges persist with a decrease in shipment volumes compared with last year.
MonitorConfidence: MediumShort term horizon
Published 20 Aug 2026, 08:55 UTC2 min read
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Summary
TL;DR
- Revenue of $16.2 billion for Q2 2026
- Smartphone and AIoT businesses generated $12.6 billion
- Premium models constitute 32.1% of total smartphone sales
- Xiaomi's R&D spending expected to exceed $5.9 billion this year
- Shipped 31.2 million smartphones with an 11.5% global market share
Interesting facts
- Xiaomi's MiMo-V2.5 language model ranked first globally with 10.5 trillion tokens generated
- R&D employees represent 47.2% of Xiaomi's workforce
- Xiaomi ranks second in wearables and TWS products globally