Earnings ·
ECARX Holdings Inc. reported second quarter 2026 unaudited financial results, posting total revenue of US$225.2…
ECXECARX Holdings Inc.
ECARX Holdings Inc. reported second quarter 2026 unaudited financial results, posting total revenue of US$225.2 million, a 45% year-over-year increase driven by higher sales of goods and service revenue. Gross profit expanded to US$44.5 million with gross margin rising from 10.8% to 19.8%, while net loss narrowed significantly to US$12.0 million from US$45.4 million in the prior year period. The company achieved a positive adjusted EBITDA of US$0.5 million, marking its fourth consecutive quarter of profitability at this metric. Strategic developments include an agreement to acquire the Flyme software business for approximately US$266 million and a partnership with TPK Holdings to develop an ORCA LiDAR platform. ECARX reiterated full-year 2026 revenue guidance of US$1.0 billion to US$1.1 billion. The company operates in the automotive intelligence industry, providing software-defined vehicle technologies and intelligent cockpit solutions.