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Reported Q: Q2 2024 Rev YoY: +60.2% EPS YoY: +77.5% Move: -0.62%

XPeng Inc

XPEV

$17.61 -0.62%

Exchange NYSE Sector Consumer Cyclical Industry Auto Manufacturers

Q2 2024

Published: Jun 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for XPEV

Reported

Report Date

Jun 30, 2024

Quarter Q2 2024

Revenue

8.11B

YoY: +60.2%

EPS

-0.73

YoY: +77.5%

Market Move

-0.62%

Previous quarter: Q1 2024

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Earnings Highlights

Revenue of $8.11B up 60.2% year-over-year
EPS of $-0.73 increased by 77.5% from previous year
Gross margin of 14.0%
Net income of -1.28B
""We're consistently addressing gaps and solidifying our strengths to foster well-rounded competitiveness." - Xiaopeng He, CEO" - Xiaopeng He

XPEV

XPeng Inc

Period Q2 2024

Currency CNY

Report Type Quarterly Earnings

Generated Feb 9, 2026

Executive Summary

In Q2 2024, XPeng Inc reported a substantial revenue increase of 60.2% year-over-year (YoY) to RMB 8.11 billion, largely driven by a robust delivery volume of 30,207 smart electric vehicles, marking a 38% increase quarter-over-quarter (QoQ) and a 30% rise YoY. The company improved its gross profit margin to 14%, a positive shift from a negative margin of 3.9% in Q2 2023. Notable advancements in operational efficiency, strategic partnerships, particularly with Volkswagen, and innovative product launches, such as the MONA M03, have positioned XPeng favorably in the competitive electric vehicle market. The management anticipates continued momentum with guidance reflecting total deliveries forecasted between 41,000 to 45,000 units for Q3 2024, potentially setting new records.

Key Performance Indicators

Revenue

Increasing

8.11B

QoQ: 23.87% | YoY: 60.22%

Gross Profit

Increasing

1.14B

14.00% margin

QoQ: 34.61% | YoY: 675.40%

Operating Income

Increasing

-1.61B

QoQ: 2.24% | YoY: 47.93%

Net Income

Increasing

-1.28B

QoQ: 6.08% | YoY: 54.19%

EPS

Increasing

-0.73

QoQ: 6.94% | YoY: 77.47%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue Performance: Q2 2024 revenue of RMB 8.11 billion, up 60.2% YoY and 23.9% QoQ.
Gross Profit: Reported at RMB 1.14 billion, yielding a gross margin of 14%.
Operating Income: Loss of RMB 1.61 billion compared to RMB 3.09 billion for Q2 2023.
Net Income: Net loss of RMB 1.28 billion improved from RMB 2.8 billion YoY.
EPS: Reported at -0.7345 CNY per share.
Cash Position: As of June 30, 2024, cash and cash equivalents totaled RMB 37.33 billion, indicating a strong liquidity position to support further investment.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	8.11B	60.22%	23.87%
Gross Profit	1.14B	675.40%	34.61%
Operating Income	-1.61B	47.93%	2.24%
Net Income	-1.28B	54.19%	6.08%
EPS	-0.73	77.47%	6.94%

Key Financial Ratios

Gross Profit Margin

Weak

14.00%

Gross profit margin is below industry norms, profitability concerns

Operating Profit Margin

Weak

-0.20%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.16%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.02%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.04%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

1.50

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Moderate

0.41

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Negative

-10.10x

Negative earnings make P/E ratio not meaningful

Price to Book

Fair Value

1.53x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2024	10,101.71	-0.96	+18.4%	View
Q2 2024	8,111.41	-0.73	+60.2%	View
Q1 2024	6,548.10	-0.79	+27.4%	View
Q4 2023	13,050.43	-3.02	+223.6%	View
Q3 2023	8,529.52	-4.50	+25.0%	View

XPeng Inc (XPEV) Q2 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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Q2 2024 Reports in Consumer Cyclical Sector

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