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Xiaomi Corporation Q2 2026 Results Announcement
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Disclaimer By attending the meeting where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by representatives of Xiaomi Corporation (the “Company”, and together with its subsidiaries, the "Group") for use in presentations by the Group and does not constitute a recommendation regarding the securities of the Group. No part of this presentation should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, or opinions contained herein. Neither the Company nor any of the Company's subsidiaries, affiliates, advisors or representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. This presentation is based on the economic, regulatory, market and other conditions in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither the Company nor its subsidiaries, affiliates, advisors or representatives are under an obligation to update, revise or affirm. The information communicated in this presentation may contain certain statements that are or may be forward looking. These statements typically contain words such as "will", "may", "expects", "forecasts", "plans" and "anticipates" and words of similar import. By their nature forward looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There may be additional material risks that are currently not considered to be material or of which the Company and its advisors or representatives are unaware. Against the background of these uncertainties, readers should not rely on these forward-looking statements. Neither the Company nor its subsidiaries, affiliates, advisors or representatives assume any responsibility to update forward-looking statements or to adapt them to future events or developments. This presentation and the information contained herein does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities of the Company or any of its subsidiaries or affiliates in any jurisdiction. The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered, sold or delivered within the United States or to U.S. persons absent from registration under or an applicable exemption from the registration requirements of the United States securities laws. In addition, certain information related to other companies and market in general presented in this presentation has been obtained from publicly available information. The accuracy and appropriateness of that information has not been verified by the Company and cannot be guaranteed. No invitation is made by this presentation or the information contained herein to enter into, or offer to enter into, any agreement to purchase, acquire, dispose of, subscribe for or underwrite any securities or structured products, and no offer is made of any shares in or debentures of a company for purchase or subscription except as permitted under relevant laws. 2
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3 1 Defined as profit for the period, as adjusted by taking out (i) share-based compensation, (ii) net fair value changes on investments, (iii) amortization of intangible assets resulting from acquisitions, (iv) changes of value of financial liabilities to investors, and (v) income tax effects of non-IFRS adjustments Q2 2026 Financial Highlights Group Revenue RMB 108.9 billion Gross Profit Margin 19.8% Adjusted Net Profit1 RMB 6.2 billion Smartphone x AIoT Segment Smart EV, AI and Other New Initiatives Segment Revenue RMB 84.0 billion Gross Profit Margin 20.0% Revenue RMB 24.9 billion Gross Profit Margin 19.2%
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Smart Electric VehicleAIoT Global Tablet Shipments Ranked No.41 Q2 2026 Business Highlights 4 Smartphone Global Smartphone Shipments Ranked Top 3 for 24 Consecutive Quarters1 Smartphones ASP Reached RMB1,351, a Record High Global Wearable Bands Ranked No.21 and Global TWS Earbuds Ranked No.21 Delivered 104,199 Smart Electric Vehicles Increased 28.2% YoY 1 According to Omdia, by shipments in Q2 2026. Wearable bands include basic bands, basic watches, and smartwatches 2 According to third-party data, by units sold in the Chinese Mainland. Premium smartphones in the Chinese Mainland are smartphones with retail prices at or above RMB3,000 Premium Smartphones Sold in the Chinese Mainland2 Reached 32.1%, a Record High Unveiled Xiaomi Kunlun Technical Architecture Overseas Revenue Maintained Rapid Growth Debuted First Extended-Range SUV: Xiaomi SkyNomad Series
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5 Elevation of Brand Recognition Globally Listed as Fortune Global 500 Company For 8 Consecutive Years #232 Climbed 65 Positions Listed Among 2026 Kantar BrandZ Chinese Global Brand Builders #2
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6 RMB Billions R&D Expenses R&D Expenses Reached RMB9.2 Billion in Q2 2026 9.3 13.2 16.0 19.1 24.1 33.1 18.2 40.0+ 2020 2021 2022 2023 2024 2025 2026 1 As of June 30, 2026 Q2 2026 R&D Expenses up 18.9% YoY R&D Employees as % of Total Employees1 47.2% Number of Granted Patents Globally1 47,000+
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7 Unveiled Xiaomi Kunlun Technical Architecture Xiaomi Kunlun Platform Xiaomi Kunlun HyperRange Xiaomi Kunlun Total Safety Fully Flat Floor Rectangular Layout Extra-Long Seat Slide Rails Large-Battery Extended-Range Dual-Motor All-Wheel Drive Customized 1.5T Range-Extender Unit Armor Cage Steel-Aluminum Hybrid Body Integrated Hot-Stamped Door Ring Xiaomi Armor Scale Battery
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8 Debuted Xiaomi SkyNomad Series: Intelligent, Reconfigurable, Spacious Xiaomi SkyNomad N90 Max Flagship 7-Seater Extended-Range SUV 464km CLTC EV-Only Range and a Combined Range of 1,705km Pre-Sale Price at RMB299,900 Xiaomi SkyNomad N70 Max 5-Seater AWD Extended-Range SUV 505km CLTC EV-Only Range and a Combined Range of 1,461km Pre-Sale Price at RMB259,900
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9 Xiaomi MiMo-V2.5 Achieved Global Recognition 10.5T Token Usage for the Week Commencing on July 20, 2026, Ranked #1 Globally
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10 Xiaomi Miloco 2.0 Upgraded to Proactive Agent Customized Scenarios Based on Personal Preferences Multimodal Capabilities with Cross–Device Coordination Task Planning and Execution Whole-Home Device Collaboration Among Cameras, Speakers, and Other Xiaomi Devices Xiaomi Miloco 2.0 Open-Sourced Home AI Solution Based on MiMo Large Language Model Long-Term Task Execution and Proactive Services Household Memory System
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11 Advancing the Frontier of Embodied Intelligence Xiaomi-Robotics-U0 A 38B Autoregressive World Foundation Model Ranked No.1 on WorldArena1 Xiaomi-Robotics-1 A Robot Foundation Model Trained on over 100K Hours of Real-World Manipulation Trajectories Ranked No.1 on RoboCasa365 and RoboDojo-Sim1 1 As of July 15, 2026 Model Capabilities Capability Validation at Xiaomi EV Factory 98% Dual-Side Task Success Rate at the Self-Tapping Threaded Insert Nut Loading Station 90%+ Task Success Rates for Center Console Side-Cover Sorting and Returnable Box Folding Application Scenarios Expanded to Other Scenarios
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12 Xiaomi HyperOS 4 Beta Version: Enhanced Experience and AI Capabilities Improve Experience Precise Load Calculation and Memory Preloading Dedicated Runtime Environment for Xiaomi HyperOS Applications Multi-Device Consistent and Seamless Experience Skipped Frames After Long-Time Use ↓28.9 Tested Day of Use ↑0.26 Hours Explore Ecosystem AI Capabilities Xiaomi Hyper XiaoAi 2.0 with AI Enhancement and Empowered by Xiaomi MiMo Large Language Model Optimized User Interface Cross-Scenario and Cross-Device Real-Time Status Precise Interaction
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Number of New Retail Stores Overseas Number of Large Xiaomi Stores Over 500 in the Chinese Mainland High-Quality Global New Retail Strategy 13 140+ 270+ Q2 2025 Q2 2026 190+ 640+ Q2 2025 Q2 2026
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Smartphone x AIoT Segment
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15 Vendor Q2 2026 Shipments (Million Units) Q2 2026 Market Share YoY Shipments Change Samsung 60.5 22.3% 5.3% Apple 55.1 20.3% 23.1% Xiaomi OPPO 28.4 10.4% -17.4% vivo 21.5 7.9% -18.5% Others 75.2 27.6% -10.0% Total 272.0 100.0% -5.9% Smartphone Shipments Ranked Top 3 for 24 Consecutive Quarters Xiaomi 31.2 11.5% -26.3% Source: Omdia, by shipments Global Smartphone Shipments (Million Units) Market Share (%) 42.4 43.4 37.8 33.8 31.2 14.7% 13.6% 11.1% 11.3% 11.5% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% - 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
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Leadership Across All Major International Markets 16Source: Omdia, by shipments Q2 2026 Smartphone Shipments Ranking and Market Share No.2 19.3% Southeast Asia No.4 13.3% India No.3 10.9% Africa No.3 16.5% Europe No.2 13.5% Middle East No.2 16.2% Latin America No.3 11.5% Global Smartphone Market Share Ranked Top 3 in 53 Markets and Top 5 in 67 Markets
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17 Chinese Mainland Smartphone Market Share Maintained at Stable Level 11.5 10.8 11.1 10.3 8.4 16.8% 16.7% 15.7% 14.4% 14.2% 0.0% 5.0% 10.0% 15.0% 3.0 5.0 7.0 9.0 11.0 13.0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Chinese Mainland Smartphone Units Sold (Million Units) Market Share (%) Source: According to third-party data, by units sold in the Chinese Mainland
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18 27.6% 32.1% Q2 2025 Q2 2026 Premium Smartphones Sold in the Chinese Mainland1Smartphone ASP (RMB) 1,073 1,351 Q2 2025 Q2 2026 25.9% 1 According to third-party data, by units sold in the Chinese Mainland. Premium smartphones in the Chinese Mainland are smartphones with retail prices at or above RMB3,000 4.5ppt 12.9% 16.2% Q2 2025 Q2 2026 RMB3,000-4,000 Smartphone Market Share in the Chinese Mainland1 3.3ppt Record-High Global Smartphone ASP
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18 Sustained User Growth Globally 1 Including smartphones and tablets. MAU indicates the MAU of the last month of each period 2 Before 2026, excluding smartphones, tablets and laptops. Starting from 2026, excluding smartphones and tablets. Number of devices indicates the number as of the last day of each period 3 MAU indicates the MAU of the last month of each period Broad User Base Leading Consumer AIoT Platform Number of Connected Devices2 Millions Users with 5 or More Devices Connected to Xiaomi’s AIoT Platform2 Millions Millions Global MAU1 Millions Chinese Mainland MAU1 Xiaomi Home App MAU3 Millions Xiaomi AI Assistant MAU3 Millions 731.2 766.5 Q2 2025 Q2 2026 184.8 197.7 Q2 2025 Q2 2026 153.2 174.9 Q2 2025 Q2 2026 989.1 1,160.8 Q2 2025 Q2 2026 20.5 24.6 Q2 2025 Q2 2026 113.1 124.1 Q2 2025 Q2 2026
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20 Tablets: Ranked No.4 Globally Source: Omdia, by shipments Ranked No.4 Globally Ranked No.4 in the Chinese Mainland Vendor Q2 2026 Global Shipments (Million Units) Q2 2026 Market Share YoY Shipments Change Apple 13.4 37.7% -8.2% Samsung 5.8 16.3% -13.0% Lenovo 3.9 11.1% 27.1% Huawei 2.7 7.7% -15.6% Others 6.8 19.2% -23.4% Total 35.5 100.0% -10.2% Xiaomi 2.8 8.0% -6.8%
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Wearables: Leading Position Globally 21Source: Omdia, by shipments in Q2 2026. Wearable bands include basic bands, basic watches, and smartwatches Wearable Bands Global Ranking No.2 Chinese Mainland Ranking No.2 TWS Global Ranking No.2 Chinese Mainland Ranking No.2
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Smart EV, AI and Other New Initiatives Segment
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23 81,302 108,796 145,115 80,856 104,199 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Number of Delivery Xiaomi EV Xiaomi SU7 Series1 Xiaomi YU7 Series2 Delivered 104,199 Vehicles in Q2 2026 1 Including Xiaomi SU7 Ultra 2 Including Xiaomi YU7 GT
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24 Xiaomi SU7: Best-Selling Performance 1 BitAuto, as of June 2026 2 As of August 17, 2026 Xiaomi SU7 Best-Selling Sedan in 1H 20261 Among Pure Electric Sedans Priced above RMB200,000 Delivered over 500,000 Vehicles In 28.5 Months Post-Launch2
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25 Xiaomi YU7: Top Value Retention Ratio 1 Value Retention Ratio= Used-car Resale Price New-car Manufacturer's Suggested Retail Price 2 According to the July 2026 China Vehicle Value Retention Ratio Research Report, jointly released by China Automobile Dealers Association and Jingzhengu on August 3, 2026 Xiaomi YU7 1-year Value Retention Ratio1 at 82.8% No.1 among Pure Electric Vehicles2 Xiaomi SU7 1-year Value Retention Ratio1 at 75.3% No.4 among Pure Electric Vehicles2 No.1 among Pure Electric Sedans2
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26 Xiaomi YU7 GT: Fastest SUV at Nürburgring Nordschleife 1 In May 2026 Xiaomi YU7 GT Was the First Production Vehicle With Deep Involvement From Technical Experts at Xiaomi EV's Europe R&D Center 1
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27 Xiaomi YU7 GT: World’s First Autonomous Driving Lap Record at Nürburgring Nordschleife with Track Package World’s First Autonomous Driving Lap Record at Nürburgring Nordschleife 1 10:29.483 1 In June 2026
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Financial Highlights
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29 Q2 2026 Total Revenue Reached RMB108.9 Billion 94.7 84.1 79.7 79.3 84.0 21.3 29.0 37.2 19.9 24.9 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 RMB Billions Revenue Smartphone x AIoT segment Smart EV, AI and other new initiatives segment 116.0 113.1 116.9 99.1 108.9
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Q2 2026 Revenue by Category 30 45.5 44.3 42.1 Q2 2025 Q1 2026 Q2 2026 38.7 24.7 31.3 Q2 2025 Q1 2026 Q2 2026 9.1 9.5 9.0 Q2 2025 Q1 2026 Q2 2026 21.3 19.9 24.9 Q2 2025 Q1 2026 Q2 2026 Smartphones Revenue RMB Billions IoT and Lifestyle Products Revenue RMB Billions Internet Services Revenue RMB Billions Smart EV, AI and Other New Initiatives Revenue RMB Billions Smartphones revenue reached RMB42.1 billion Smartphone shipments reached 31.2 million units Smartphones ASP reached RMB1,351, a record high, up 25.9% YoY IoT and lifestyle products revenue reached RMB31.3 billion Overseas IoT and lifestyle products revenue maintained rapid growth Smart EV, AI and other new initiatives revenue reached RMB24.9 billion, up 17.1% YoY Smart EV sales revenue reached RMB23.9 billion, up 15.9% YoY Other related businesses revenue reached RMB1.0 billion, with increased revenue from AI business related to Xiaomi MiMo large language model series Internet services revenue reached RMB9.0 billion Advertising revenue reached RMB7.2 billion, up 4.8% YoY
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Gross Profit Margin Maintained at Healthy Level 31 20% 17% 33% 29% 26% 32% 22% 22% Q2 2025 Q2 2026 22.5% 19.8% Q2 2025 Q2 2026 % Group % Smartphone x AIoT Segment % Smart EV, AI and Other New Initiatives Segment 21.6% 20.0% Q2 2025 Q2 2026 26.4% 19.2% Q2 2025 Q2 2026 Group Gross Profit Internet services Other related businesses Smartphones IoT and lifestyle products Smart EV, AI and other new initiatives • Lower contributions from Xiaomi SU7 Ultra • Increased price of key EV components • Increased cost related to AI business • Gross profit margin for smartphones reached 8.5%, due to substantial increased price of key components • Gross profit margin for IoT and lifestyle products reached 20.1%
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32 Continued to Manage Core Business Operating Expenses 1 Operating expenses comprised research and development expenses, selling and marketing expenses and administrative expenses RMB Billions Group Operating Expenses1 11.3 12.5 13.8 11.8 12.0 5.9 6.7 7.4 7.1 7.4 11.9% 14.8% 17.3% 14.9% 14.2% -5.0% 0.0% 5.0% 10.0% 15.0% - 5.0 10.0 15.0 20.0 25.0 30.0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Operating expenses related to Smartphone x AIoT segment Operating expenses related to Smart EV, AI and other new initiatives segment Operating expenses related to Smartphone x AIoT segment as % of Smartphone x AIoT segment revenue
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33 Q2 2026 Adjusted Net Profit Reached RMB6.2 Billion 1 Defined as profit for the period, as adjusted by taking out (i) share-based compensation, (ii) net fair value changes on investments, (iii) amortization of intangible assets resulting from acquisitions, (iv) changes of value of financial liabilities to investors, and (v) income tax effects of non-IFRS adjustments RMB Billions Adjusted Net Profit1 10.8 11.3 6.3 6.1 6.2 - 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Adjusted Net Profit Margin 9.3% 10.0% 5.4% 6.1% 5.7%
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34 RMB Billions Capex Smartphone x AIoT segment Smart EV, AI and other new initiatives segment 1.7 1.6 1.3 1.8 1.2 3.2 3.8 3.9 1.5 2.4 - 10.0 20.0 30.0 40.0 50.0 60.0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 3.6 4.9 5.4 5.2 3.3 Capex Reached RMB3.6 Billion in Q2 2026
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35 Returned cash to shareholders through Repurchasing approximately 377.5 million shares (approximately HKD11.7 Billion) in 20261 1 As of August 13, 2026, excluding transaction fees 2.8 1.5 3.7 6.3 11.7 2022 2023 2024 2025 2026 Amount HKD Billions Returned Value to Our Shareholders through Share Repurchase Program
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36 Deepening Our ESG Commitments and Efforts RMB10 million Flood Disaster Donation to Guangxi and Other Provinces in July 2026 Low-Carbon Efforts Xiaomi Innovation Joint Fund1 Cumulatively Donated Approximately RMB274 million, Supporting 182 Research Teams in the Chinese Mainland Xiaomi Titan Alloy 2.0 Achieved Leading Carbon Emission of 1.1 kg CO₂e/kg, with 100% Recycled Aluminum 1 By Beijing Xiaomi Foundation, as of June 30, 2026 Disaster Relief Technology Innovation
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IR@xiaomi.com https://ir.mi.com/