China-based electric vehicle maker Li Auto Inc. posted second-quarter earnings below analyst expectations despite revenue that topped estimates, as the company continues to navigate a competitive domestic market.
Li Auto reported a loss per share of ¥1.49 for the three months ended June 30, compared with a forecast loss of ¥1.47 per share among analysts surveyed. Revenue rose 3% year-over-year to ¥25.67 billion, exceeding the consensus estimate of ¥25.07 billion.
The company’s guidance for third-quarter 2026 revenue was set between ¥26.60 billion and ¥28.00 billion, well below the analyst average of ¥32.28 billion. Li Auto’s stock closed at ¥12.27, leaving it down 18.25% over the past three months and 45.71% over the past year.
Over the last 90 days, two analysts revised their earnings outlook downward while one issued an upward revision. InvestingPro rated the company’s financial health as "fair performance."
