XOS (NASDAQ:XOS) Announces Quarterly Earnings Results

XOS (NASDAQ:XOS) issued its quarterly earnings data on Thursday. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.53) by ($0.02), FiscalAI reports. XOS had a negative return on equity of 86.90% and a negative net margin of 39.13%.The company had revenue of $4.74 million during the quarter, compared to analysts’ expectations of $14.30 million.

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

• Q2 deliveries and revenue fell short as customer delays and acceptance issues shifted orders into future quarters. Revenue was $4.7 million on 30 units, down from $11.2 million and 95 units in Q1, while full-year 2026 guidance was revised to $35 million–$43 million of revenue and 250–350 units.
• First-half GAAP gross margin reached a company-record 31%, up from 11.8% a year earlier, while operating and adjusted EBITDA losses narrowed year over year. Management attributed the improvement to a richer mix of Hub and powertrain sales, sourcing savings, and cost discipline, although Q2 margins declined sequentially because of delivery timing and mix.
• Xos launched its 3.1 megawatt-hour Power Hub, an integrated AC-output battery system designed to provide rapidly deployable power for data centers, industrial sites, and defense applications facing lengthy grid-connection timelines. The company cited existing deployments, including support for a hyperscaler data-center construction project, and expects to announce rental, leasing, and deployment partners.
• Manufacturing output and product development advanced, with 29 Hubs produced in Q2, progress on AC-export variants, and vehicle-to-grid powertrain kits delivered to Blue Bird. However, some system-level UL certifications remain in progress and could extend into 2027, even though management said current testing is sufficient for certain customer deliveries.
• Liquidity improved to $13.2 million from $9.8 million through $7.6 million of equity raises, but free cash flow remained negative at $4.3 million for the first half and the company continues to emphasize proactive capital raising and liquidity management. Ongoing operating losses and reliance on additional capital remain important risks.

XOS Stock Down 1.9%

Shares of NASDAQ XOS traded down $0.05 during midday trading on Thursday, hitting $2.58. The stock had a trading volume of 341,281 shares, compared to its average volume of 1,196,729. The business’s 50 day moving average is $2.82 and its 200-day moving average is $2.35. The company has a market cap of $35.40 million, a P/E ratio of -1.30 and a beta of 1.76. XOS has a 52 week low of $1.60 and a 52 week high of $8.27. The company has a quick ratio of 0.90, a current ratio of 1.89 and a debt-to-equity ratio of 0.51.

Insider Buying and Selling at XOS

In related news, major shareholder Emerald Green Trust sold 280,040 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $5.24, for a total transaction of $1,467,409.60. Following the completion of the sale, the insider owned 1,161,229 shares of the company’s stock, valued at $6,084,839.96. This trade represents a 19.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 412,272 shares of company stock worth $2,240,161 over the last ninety days. 20.70% of the stock is owned by company insiders.

Institutional Trading of XOS

Institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP purchased a new position in shares of XOS during the third quarter valued at approximately $331,000. DRW Securities LLC purchased a new stake in XOS in the fourth quarter worth approximately $33,000. Geode Capital Management LLC grew its position in XOS by 29.9% in the 4th quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock worth $129,000 after purchasing an additional 16,357 shares during the period. Finally, Citadel Advisors LLC bought a new stake in XOS in the 3rd quarter worth approximately $27,000. 12.86% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

XOS has been the subject of a number of research analyst reports. Wall Street Zen upgraded XOS to a “hold” rating in a research note on Sunday, July 12th. Zacks Research downgraded XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Weiss Ratings upgraded XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $7.00.

About XOS

Xos, Inc (NASDAQ: XOS) is a U.S.-based manufacturer of commercial electric vehicles, offering Class 5 through Class 8 electric trucks, chassis and proprietary battery systems. The company’s core business spans vehicle design, powertrain integration, battery management and telematics, aimed at supporting last-mile delivery, beverage distribution and vocational fleets. Xos combines modular vehicle architectures with advanced software to deliver route-optimized performance and zero-emission operation for commercial customers.

Founded in 2016 as a spin-off from a specialty vehicle division, Xos designs, engineers and assembles its electric trucks at a manufacturing facility in Morristown, Tennessee, while maintaining research and development operations in California.