Xos is now trading 9.69% down at $2.33 in after-hours trading after reporting second-quarter revenue of $4.7 million versus $12.1 million expected.
- Management attributed the shortfall to delivery deferrals during a strategic pivot toward powertrain and hub production, with only 30 units delivered.
- Xos lowered full-year 2026 revenue guidance to $35–$43 million, despite a second consecutive quarter of positive gross margin.