Earnings ·
ECARX reports Q3 revenue of $240.8M, net loss widens to $48.6M amid margin pressure
ECXECARX Holdings Inc.
ECARX Holdings Inc. reported third-quarter 2026 total revenue of US$240.8 million, a 10% increase year-over-year, driven by a 23% rise in goods sales to US$222.7 million. However, gross profit fell 65% to US$16.9 million as rising memory costs compressed the gross margin from 21.9% to 7.0%. The company posted a net loss of US$48.6 million compared to an $8.4 million loss in the prior year period, with adjusted EBITDA widening to a US$37.7 million loss. Management reiterated full-year revenue guidance of US$1.0 billion to US$1.1 billion despite near-term cost headwinds. ECARX is a global automotive intelligence company providing software-defined vehicle solutions and intelligent cockpit technologies.