Slide 1: Xiaomi Corporation Q2 2026 Results Announcement
Xiaomi Corporation Q2 2026 Results Announcement
Slide 2: Disclaimer
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 sub
Slide 3: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights Group Revenue Gross Profit Margin Adjusted Net Profit1 RMB 108.9 billion 19.8% RMB 6.2 billion Smartphone x AIoT Segment Smart EV, AI and Other New Initiatives Segment Revenue Revenue RMB 84.0 billion RMB 24.9 billion Gross Profit Margin Gross Profit Margin 20.0% 19.2% 1
Slide 4: Q2 2026 Business Highlights
Q2 2026 Business Highlights Smartphone AIoT Smart Electric Vehicle Global Smartphone Shipments Ranked Global Wearable Bands Ranked No.21 Delivered 104,199 Smart Electric Vehicles Top 3 for 24 Consecutive Quarters1 and Global TWS Earbuds Ranked No.21 Increased 28.2% YoY Smartphones ASP Reached RMB1,3
Slide 5: Elevation of Brand Recognition Globally
Elevation of Brand Recognition Globally Listed as Fortune Global 500 Company Listed Among 2026 Kantar BrandZ For 8 Consecutive Years Chinese Global Brand Builders #232 #2 Climbed 65 Positions 5
Slide 6: R&D Expenses Reached RMB9.2 Billion in Q2 2026
R&D Expenses Reached RMB9.2 Billion in Q2 2026 R&D Expenses Q2 2026 R&D Expenses RMB Billions up 18.9% YoY 40.0+ 33.1 R&D Employees as % of Total Employees1 24.1 16.0 19.1 18.2 47.2% 13.2 9.3 Number of Granted Patents Globally1 2020 2021 2022 2023 2024 2025 2026 47,000+ 1 As of June 30, 2026 6
Slide 7: Unveiled Xiaomi Kunlun Technical Architecture
Unveiled Xiaomi Kunlun Technical Architecture Xiaomi Kunlun Platform Xiaomi Kunlun HyperRange Xiaomi Kunlun Total Safety Large-Battery Extended-Range Armor Cage Steel-Aluminum Fully Flat Floor Hybrid Body Dual-Motor All-Wheel Drive Rectangular Layout Integrated Hot-Stamped Door Ring Customized 1.5T
Slide 8: Debuted Xiaomi SkyNomad Series: Intelligent, Reconfigurable, Spacious
Debuted Xiaomi SkyNomad Series: Intelligent, Reconfigurable, Spacious Xiaomi SkyNomad N90 Max Xiaomi SkyNomad N70 Max Flagship 7-Seater 5-Seater AWD Extended-Range SUV Extended-Range SUV 464km CLTC EV-Only Range and a 505km CLTC EV-Only Range and a Combined Range of 1,705km Combined Range of 1,461km
Slide 9: Xiaomi MiMo-V2.5 Achieved Global Recognition
Xiaomi MiMo-V2.5 Achieved Global Recognition 10.5T Token Usage for the Week Commencing on July 20, 2026, Ranked #1 Globally 9
Slide 10: Xiaomi Miloco 2.0 Upgraded to Proactive Agent
Xiaomi Miloco 2.0 Upgraded to Proactive Agent Open-Sourced Home AI Solution Whole-Home Device Based on MiMo Large Language Model Xiaomi Collaboration Miloco 2.0 Among Cameras, Household Memory System Speakers, and Other Xiaomi Devices Long-Term Task Execution and Proactive Services Customized Scenar
Slide 11: Advancing the Frontier of Embodied Intelligence
Advancing the Frontier of Embodied Intelligence Model Capabilities Application Scenarios Xiaomi-Robotics-U0 Capability Validation at Xiaomi EV Factory A 38B Autoregressive World Foundation Model Ranked No.1 on WorldArena1 98% Dual-Side Task Success Rate at the Self-Tapping Threaded Insert Nut Loadin
Slide 12: Xiaomi HyperOS Beta Version: Enhanced Experience and AI Capabilities
Xiaomi HyperOS 4 Beta Version: Enhanced Experience and AI Capabilities Improve Experience Explore Ecosystem AI Capabilities Precise Load Calculation and Xiaomi Hyper XiaoAi 2.0 with AI Memory Preloading Enhancement and Empowered by Dedicated Runtime Environment for Xiaomi MiMo Large Language Model X
Slide 13: High-Quality Global New Retail Strategy
High-Quality Global New Retail Strategy Number of Large Xiaomi Stores Number of New Retail Over 500 in the Chinese Mainland Stores Overseas 640+ 270+ 140+ 190+ Q2 2025 Q2 2026 Q2 2025 Q2 2026 13
Slide 14: Smartphone x AIoT Segment
Smartphone x AIoT Segment
Slide 15: Smartphone Shipments Ranked Top 3 for 24 Consecutive Quarters
Smartphone Shipments Ranked Top 3 for 24 Consecutive Quarters Q2 2026 Shipments Q2 2026 YoY Shipments Vendor (Million Units) Market Share Change 80.0 20.0% 70.0 Samsung 60.5 22.3% 5.3% 14.7% 13.6% 15.0% 60.0 11.1% 11.3% 11.5% Apple 55.1 20.3% 23.1% 50.0 42.4 43.4 10.0% 40.0 37.8 Xiaomi 31.2 11.5% -2
Slide 16: Leadership Across All Major International Markets
Leadership Across All Major International Markets Q2 2026 Smartphone Shipments Ranking and Market Share No.3 16.5% No.3 Europe 11.5% No.4 Global No.2 13.3% 13.5% India No.3 Middle East 10.9% No.2 No.2 Africa 19.3% Southeast 16.2% Asia Latin America Smartphone Market Share Ranked Top 3 in 53 Markets
Slide 17: Chinese Mainland Smartphone Market Share Maintained at Stable Level
Chinese Mainland Smartphone Market Share Maintained at Stable Level 16.8% 16.7% 15.7% 13.0 14.4% 14.2% 15.0% 11.5 10.8 11.1 11.0 10.3 10.0% 9.0 8.4 7.0 5.0% 5.0 3.0 0.0% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Chinese Mainland Smartphone Units Sold (Million Units) Market Share (%) Source: According
Slide 18: Record-High Global Smartphone ASP
Record-High Global Smartphone ASP RMB3,000-4,000 Smartphone Smartphone ASP (RMB) Premium Smartphones Sold Market Share in the Chinese Mainland1 in the Chinese Mainland1 25.9% 4.5ppt 3.3ppt 32.1% 16.2% 1,351 27.6% 12.9% 1,073 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Q2 2025 Q2 2026 1 According to third-party
Slide 19: Sustained User Growth Globally
Sustained User Growth Globally Broad User Base Leading Consumer AIoT Platform Global MAU1 Number of Connected Devices2 Millions Millions 766.5 1,160.8 989.1 731.2 Q2 2025 Q2 2026 Q2 2025 Q2 2026 Chinese Mainland MAU1 Users with 5 or More Devices Connected to Xiaomi’s AIoT Platform2 Millions Millions
Slide 20: Tablets: Ranked No.4 Globally
Tablets: Ranked No.4 Globally Q2 2026 Global Shipments Q2 2026 YoY Shipments Ranked No.4 Globally Vendor (Million Units) Market Share Change Ranked No.4 in the Chinese Mainland Apple 13.4 37.7% -8.2% Samsung 5.8 16.3% -13.0% Lenovo 3.9 11.1% 27.1% Xiaomi 2.8 8.0% -6.8% Huawei 2.7 7.7% -15.6% Others
Slide 21: Wearables: Leading Position Globally
Wearables: Leading Position Globally Wearable Bands TWS Global Chinese Mainland Global Chinese Mainland Ranking Ranking Ranking Ranking No.2 No.2 No.2 No.2 Source: Omdia, by shipments in Q2 2026. Wearable bands include basic bands, basic watches, and smartwatches 21
Slide 22: Smart EV, AI and Other New Initiatives Segment
Smart EV, AI and Other New Initiatives Segment
Slide 23: Delivered 104,199 Vehicles in Q2 2026
Delivered 104,199 Vehicles in Q2 2026 Xiaomi EV Number of Delivery 145,115 108,796 104,199 81,302 80,856 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Xiaomi SU7 Series1 Xiaomi YU7 Series2 1 Including Xiaomi SU7 Ultra 2 Including Xiaomi YU7 GT 23
Slide 24: Xiaomi SU7: Best-Selling Performance
Xiaomi SU7: Best-Selling Performance 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 1 BitAuto, as of June 2026 2 As of August 17, 2026 24
Slide 25: Xiaomi YU7: Top Value Retention Ratio
Xiaomi YU7: Top Value Retention Ratio 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 1 Value Retention Ratio= Used-car Resale Price New-car Manu
Slide 26: Xiaomi YU7 GT: Fastest SUV at Nürburgring Nordschleife
Xiaomi YU7 GT: Fastest SUV at Nü rburgring Nordschleife Xiaomi YU7 GT Was the First Production Vehicle With Deep Involvement From Technical Experts at Xiaomi EV's Europe R&D Center 1 1 In May 2026 26
Slide 27: Xiaomi YU7 GT: World's First Autonomous Driving Lap Record at Nürburgring
Xiaomi YU7 GT: World’s First Autonomous Driving Lap Record at Nü rburgring Nordschleife 10:29.483 with Track Package World’s First Autonomous Driving Lap Record at Nü rburgring Nordschleife1 1 In June 2026 27
Slide 28: Financial Highlights
Financial Highlights
Slide 29: Q2 2026 Total Revenue Reached RMB108.9 Billion
Q2 2026 Total Revenue Reached RMB108.9 Billion Revenue RMB Billions 116.0 113.1 116.9 108.9 21.3 99.1 29.0 37.2 24.9 19.9 94.7 84.1 79.7 79.3 84.0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Smartphone x AIoT segment Smart EV, AI and other new initiatives segment 29
Slide 30: Q2 2026 Revenue by Category
Q2 2026 Revenue by Category Smartphones Revenue IoT and Lifestyle Products Revenue RMB Billions RMB Billions Smartphones revenue reached IoT and lifestyle products revenue 45.5 44.3 RMB42.1 billion reached RMB31.3 billion 42.1 38.7 Smartphone shipments reached 31.2 31.3 Overseas IoT and lifestyle pr
Slide 31: Gross Profit Margin Maintained at Healthy Level
Gross Profit Margin Maintained at Healthy Level Group Group Gross Profit % 22.5% 19.8% 22% 22% Q2 2025 Q2 2026 26% Smartphone x AIoT Segment Smart EV, AI and Other New Initiatives 32% Segment % % 21.6% 26.4% 20.0% 33% 19.2% 29% 20% 17% Q2 2025 Q2 2026 Q2 2025 Q2 2026 • Gross profit margin for smartp
Slide 32: Continued to Manage Core Business Operating Expenses
Continued to Manage Core Business Operating Expenses Group Operating Expenses1 RMB Billions 30.0 17.3% 14.8% 14.9% 14.2% 15.0% 25.0 11.9% 20.0 10.0% 7.4 15.0 6.7 7.1 7.4 5.9 5.0% 10.0 12.5 13.8 12.0 0.0% 5.0 11.3 11.8 - -5.0% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Operating expenses related to Smar
Slide 33: Q2 2026 Adjusted Net Profit Reached RMB6.2 Billion
Q2 2026 Adjusted Net Profit Reached RMB6.2 Billion Adjusted Net Profit118.0 RMB Billions 16.0 14.0 12.0 10.8 11.3 10.0 8.0 6.3 6.1 6.2 6.0 4.0 2.0 - Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Adjusted Net 9.3% 10.0% 5.4% 6.1% 5.7% Profit Margin 1 Defined as profit for the period, as adjusted by taking
Slide 34: Capex Reached RMB3.6 Billion in Q2 2026
Capex Reached RMB3.6 Billion in Q2 2026 Capex RMB Billions 60.0 5.4 5.2 50.0 4.9 40.0 3.6 3.8 3.3 3.2 3.9 30.0 1.5 2.4 20.0 10.0 1.7 1.6 1.8 1.3 1.2 - Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Smartphone x AIoT segment Smart EV, AI and other new initiatives segment 34
Slide 35: Returned Value to Our Shareholders through Share Repurchase Program
Returned Value to Our Shareholders through Share Repurchase Program Amount HKD Billions 11.7 Returned cash to shareholders through Repurchasing approximately 377.5 million shares 6.3 (approximately HKD11.7 Billion) in 20261 3.7 2.8 1.5 2022 2023 2024 2025 2026 1 As of August 13, 2026, excluding tran
Slide 36: Deepening Our ESG Commitments and Efforts
Deepening Our ESG Commitments and Efforts Low-Carbon Efforts Disaster Relief RMB10 million Flood Disaster Donation to Guangxi and Other Provinces in July 2026 Technology Innovation Xiaomi Innovation Joint Fund1 Cumulatively Donated Approximately RMB274 million, Supporting 182 Research Teams in the C
Slide 37: IR@xiaomi.com
IR@xiaomi.com https://ir.mi.com/