XPENG (NYSE:XPEV) Announces Quarterly Earnings Results

XPENG (NYSE:XPEV) issued its earnings results on Friday, March 20th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.07, Zacks reports. The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.10 billion. XPENG had a negative net margin of 1.46% and a negative return on equity of 3.69%.

Here are the key takeaways from XPENG’s conference call:

• First quarterly profit reported in Q4 with net profit of RMB 380m, FY gross margin up to 18.9% and year-end cash of RMB 47.7bn (RMB 5bn free cash flow in 2025), signaling improved profitability and liquidity.
• Annual deliveries rose 126% to 42,945 and overseas deliveries nearly doubled to ~45,000 (over 15% of revenue); management targets >100% overseas volume growth in 2026 and >20% revenue contribution with 680 overseas stores.
• VLA 2.0 passed a “physical Turing test” and is being rolled out to customers (test drives doubled in March); company expects model scaling (edge models to ~20B parameters), Robotaxi pilots H2 2026 and meaningful uplift in order conversion and retention from autonomous driving capability.
• In-house Turing AI SoC has shipped >200k units since mass production, Volkswagen signed as a launch partner, and XPeng targets ~1m chip shipments in 2026 — positioning the company to monetize its AI compute stack externally.
• Management plans to ramp AI-related R&D to RMB 7.0bn in 2026 and push ambitious humanoid robot (IRON) mass-production targets (monthly >1,000 units by end-2026), which increases near-term cash burn and execution risk for high-capex, uncertain commercialization timelines.

XPENG Trading Down 6.7%

XPENG stock opened at $17.59 on Friday. The firm has a 50-day moving average of $18.29 and a 200-day moving average of $20.39. XPENG has a one year low of $15.38 and a one year high of $28.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.95. The company has a market cap of $16.70 billion, a price-to-earnings ratio of -103.49 and a beta of 1.21.

Wall Street Analyst Weigh In

XPEV has been the subject of several research analyst reports. Barclays decreased their price target on shares of XPENG from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of XPENG in a report on Wednesday, January 21st. Morgan Stanley reissued a “reduce” rating on shares of XPENG in a research note on Monday, December 29th. Citigroup restated a “buy” rating on shares of XPENG in a report on Friday, February 6th. Finally, Macquarie Infrastructure set a $26.00 price target on XPENG and gave the stock an “outperform” rating in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, XPENG currently has a consensus rating of “Hold” and an average target price of $24.74.

Institutional Trading of XPENG

A number of hedge funds and other institutional investors have recently modified their holdings of XPEV. Parallel Advisors LLC boosted its position in XPENG by 6.0% during the fourth quarter. Parallel Advisors LLC now owns 10,293 shares of the company’s stock valued at $209,000 after purchasing an additional 584 shares during the last quarter. Royal Bank of Canada increased its position in shares of XPENG by 33.6% during the 1st quarter. Royal Bank of Canada now owns 23,657 shares of the company’s stock worth $490,000 after purchasing an additional 5,945 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of XPENG by 29.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 127,533 shares of the company’s stock worth $2,280,000 after purchasing an additional 28,983 shares during the last quarter. Institutional investors and hedge funds own 21.09% of the company’s stock.

About XPENG

XPENG Inc (NYSE: XPEV) is a China-based developer and manufacturer of smart electric vehicles. The company designs, engineers and sells battery-electric sedans and sport-utility vehicles along with related software and services. Founded in 2014, XPENG positions itself as a technology-driven automaker with a focus on vehicle connectivity, software-defined features and advanced driver assistance systems.

Product offerings center on passenger EVs spanning compact crossovers and midsize sedans, supported by in-house software platforms and over-the-air update capabilities.