NewsBite analysis · Business, Hardware
TechNode
Xiaomi reports RMB14.2 billion first-half net profit as revenue falls 8.4% · TechNode
Xiaomi's latest interim report reveals a significant net profit of RMB14.19 billion for the first half of the year. However, this comes alongside an 8.4% year-over-year decline in total revenue, amounting to RMB208.06 billion. Notably, the company surpassed RMB100 billion in revenue during the second quarter. The performance reflects challenges particularly in its smartphone and connected device sectors, yet it also emphasizes Xiaomi's strategic diversification into internet services and electric vehicles.
MonitorConfidence: MediumShort term horizon
Published 19 Aug 2026, 06:05 UTC1 min read
Visit original article ↗Lead image — TechNode
Summary
TL;DR
- Xiaomi reports a net profit of RMB14.19 billion for H1 2026.
- Total revenue fell by 8.4% year over year.
- Revenue exceeded RMB100 billion in Q2 2026.
- Xiaomi's results encompass various business sectors including smartphones and EVs.
- The report highlights strong performance in internet services.
Interesting facts
- Xiaomi's SU7 electric vehicle deliveries surpassed 500,000 units.
- The company is diversifying beyond smartphones into electric vehicles and services.
What changed