NIO Inc. reported a first-quarter 2026 loss of 3 cents per American Depositary Share. This result significantly outperformed the Zacks Consensus Estimate of a 24-cent loss. Total revenues reached $3.70 billion, representing a 123% year-over-year increase. This figure exceeded the consensus estimate of $3.55 billion.
Vehicle deliveries rose 98.3% year-over-year to 83,465 units. The company's gross margin improved to 19% from 7.6% in the prior year. Vehicle margins expanded to 18.8% from 10.2% a year ago. NIO projects second-quarter deliveries between 110,000 and 115,000 units.
The flagship ES9 SUV is scheduled for official launch on May 27. NIO has prepared a pre-launch inventory of at least 6,000 units for immediate delivery. A single-topic event is scheduled for May 26. This event has sparked speculation regarding a potential technology reveal before the ES9 launch.