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Xiaomi transitioning from smartphones to EV, physical robotics, and other AI initiatives can impact near-term revenue and earnings outlook. The smartphone's share of total gross profit has declined from 40.9% to 15.1% over the past two years, while the EV and AI segment has increased from 0% to 34.7%. Due to a spike in memory prices, the smartphone segment's gross profit has declined significantly, and management…

Xiaomi Corporation (XIACY) Q4 2025 Earnings Call Transcript

Xiaomi reported a slump in quarterly net profit, caught between soaring memory-chip prices and subdued consumption in one of the world's largest consumer markets.

Xiaomi is transitioning from a smartphone-centric business to a diversified digital goods and EV company, with EV deliveries tripling in 2025. Despite impressive EV execution and segment profitability, Xiaomi faces margin pressure in smartphones due to surging DRAM costs and subsidy phase-outs for appliances. Q4 2025 earnings are expected to show modest revenue growth (~7.5% Y/Y) and flat adjusted net income, with…

Xiaomi ​will invest ‌at least 60 billion ​yuan ($8.70 ​billion) in artificial ⁠intelligence ​over next ​three years, CEO Lei Jun ​said ​on Thursday.