Xos, Inc. reported financial results for the second quarter ended June 30, 2026, delivering 30 units and generating $4.7 million in revenue, a decline from 135 units and $18.4 million in Q2 2025. The company raised $7.6 million net of offering costs through at-the-market and registered direct offerings during the quarter. Gross margins improved to 12.1% GAAP and 7.2% non-GAAP, while operating expenses decreased by 2.1% year-over-year to $8.5 million. For the first half of 2026, Xos delivered 125 units with $16.0 million in revenue, expanding GAAP gross margin to 31.0%. The company revised its full-year 2026 outlook to project revenues between $35 and $43 million and unit deliveries between 250 and 350 units. Xos operates in the energy storage and fleet electrification solutions industry.