Nio reports Q1 operating profit, marking its second consecutive quarter of non-GAAP profitability.
Nio reported an adjusted operating profit (non-GAAP) of RMB 66.8 million ($9.7 million) for the first quarter of 2026, compared to an adjusted operating loss (non-GAAP) of RMB 5.9472 billion in the first quarter of 2025 and an adjusted operating profit (non-GAAP) of RMB 1.2513 billion in the fourth quarter of 2025.
Nio shares rose more than 4% in premarket trading after its earnings release.
In the first quarter, Nio Inc delivered a total of 83,465 vehicles, marking a robust year-on-year increase of about 98.3%.
This delivery figure exceeded the upper end of the company's previous quarterly delivery guidance range of 80,000 to 83,000 vehicles.
Nio posted Q1 2026 revenue of RMB 25.53 billion, more than doubled from a year earlier, while net loss narrowed to RMB 332.1 million from RMB 6.75 billion.
Nio guides second-quarter vehicle deliveries to be between 110,000 and 115,000 units, representing an increase of about 52.7% to 59.6% compared to the same period in 2025.
It forecasts second-quarter revenue of between RMB 32.777 billion ($4.752 billion) and RMB 34.436 billion ($4.992 billion), representing an increase of about 72.4% to 81.2% compared to the same period in 2025.
The guidance implies that Nio currently expects its combined deliveries for May and June to range from 80,644 to 85,644 vehicles, taking into account that it delivered 29,356 vehicles in April.
