XPENG reported a 51.5% quarter-over-quarter revenue increase to RMB 19.74 billion for Q2 2026, though it fell short of analyst estimates. While gross margins expanded to 20.7% and vehicle deliveries reached 103,295 units, the company posted a wider-than-expected adjusted loss per ADS. Looking ahead, XPENG's third-quarter revenue forecast also missed Wall Street expectations due to intensifying competition in the Chinese market.
