XIAOMI-W (01810) achieved an income of approximately 108.922 billion yuan in the second quarter, a quarter-on-quarter increase of 9.9%. The investment in core technology research and development continues to strengthen.

XIAOMI-W (01810) announced its Q2 2026 performance, achieving revenue of approximately RMB 108.922 billion, representing a quarter-on-quarter increase of 9.9%. Gross profit was approximately RMB 21.609 billion, with profit for the period around RMB 9.463 billion, marking 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, revenue reached approximately RMB 208.063 billion, with gross profit of RMB 43.419 billion and profit for the period at RMB 14.198 billion. Adjusted net profit was approximately RMB 12.291 billion. In Q2 2026, the groups smartphone shipments totaled 31.2 million units. According to Omdia data, the company's global smartphone shipments have ranked among the top three worldwide 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%, hitting a record high. In June 2026, the companys global monthly active users reached 766.5 million, a year-on-year increase of 4.8%, also a record high. In Q2 2026, the company's new vehicle deliveries reached 104,199 units, a year-on-year increase of 28.2%. The company is steadily executing its "New Decade Goals," which include massive investments in core technologies, aiming 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 total employees. As of June 30, 2026, Xiaomi Group has obtained over 47,000 patents worldwide. The company continues to deepen its research in artificial intelligence. The foundational model Xiaomi MiMo-V2.5, released in April 2026, continues to receive widespread support from users around the world. On the OpenRouter platform, the Xiaomi MiMo-V2.5 ranked first in weekly call volume, reaching 10.5 trillion tokens. In June 2026, the company officially launched the Xiaomi Miloco 2.0, an AI open-source solution for whole-home smart systems, centered around the Xiaomi MiMo large model (fully named Xiaomi Local Copilot 2.0). Compared to Xiaomi Miloco 1.0, Xiaomi Miloco 2.0 further explores new forms of smart home technology, moving toward a concept of homes that "can remember, recognize people, and understand execution." 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 generative foundational model with 38 billion parameters. In the WorldArena evaluation benchmark, Xiaomi-Robotics-U0 ranked first among 126 models. In the same month, the company released XiaomiRobotics-1, a foundational model for real mobile operation tasks, pretrained on 100,000 hours of real-world data. In the RoboCasa365 simulation evaluation, Xiaomi-Robotics-1 ranked first. Additionally, in June 2026, Xiaomi's Siasun Robot & Automation demonstrated an increase in the dual-side operation success rate from 90.2% to 98% at the self-tapping nut assembly station in the Xiaomi automobile factory. Simultaneously, Xiaomi's Siasun Robot & Automation integrated a new work station in the total assembly workshop logistics area: console side cover sorting and material box folding and recycling, achieving a success rate of 90%. In June 2026, the Xiaomi Siasun Robot & Automation 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 team's cutting-edge research level in the field of embodied intelligence. In addition, the group is steadily optimizing the operational efficiency of its new retail stores. As of June 2026, the group had more than 270 Xiaomi Home stores exceeding 500 square meters in mainland China. At the same time, the group is steadily advancing its new retail model overseas, with more than 640 new retail stores in foreign regions, covering Southeast Asia, Europe, East Asia, Latin America, the Middle East, and Africa. In Q2 2026, the group continued to improve operational efficiency, with an operating expense ratio of 14.2% for the "Mobile AIoT" segment, a quarter-on-quarter decrease of 0.6 percentage points. Meanwhile, the company is actively investing in the future, with capital expenditures of approximately RMB 3.6 billion during the quarter, including RMB 2.4 billion in capital expenditures for innovative business segments such as smart electric vehicles and AI.