Slide 1: Xiaomi Corporation Q1 2026 Results Announcement
Xiaomi Corporation Q1 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: Q1 2026 Financial Highlights
Q1 2026 Financial Highlights Group Revenue Gross Profit Margin Adjusted Net Profit1 RMB 99.1 billion 22.0% RMB 6.1 billion Smartphone x AIoT Segment Smart EV, AI and Other New Initiatives Segment Revenue Revenue RMB 79.3 billion RMB 19.9 billion Gross Profit Margin Gross Profit Margin 22.5% 20.1% 1
Slide 4: Q1 2026 Business Highlights
Q1 2026 Business Highlights Smartphone AIoT Smart Electric Vehicle Global Smartphone Shipments Ranked Global Tablet Shipments Ranked Top 5 Delivered 80,856 Smart Electric Vehicles Top 3 for 23 Consecutive Quarters with Globally1 Increased 6.6% YoY 11.3% Market Share1 Smartphones ASP Reached RMB1,310
Slide 5: R&D Expenses Increased 33% YoY to RMB9.0 Billion in Q1 2026
R&D Expenses Increased 33% YoY to RMB9.0 Billion in Q1 2026 R&D Expenses Q1 2026 R&D Expenses RMB Billions 40.0+ up 33.4% YoY 33.1 Number of R&D Employees1 24.1 19.1 26,000+ 16.0 13.2 9.3 9.0 Number of Granted Patents Globally1 2020 2021 2022 2023 2024 2025 2026 47,000+ 1 As of March 31, 2026 5
Slide 6: Xiaomi MiMo Foundation Models: Stronger Agentic Capabilities and Longer Attention Span
Xiaomi MiMo Foundation Models: Stronger Agentic Capabilities and Longer Attention Span MiMo-V2.5-Pro MiMo-V2-Pro MiMo-V2.5 and MiMo-V2.5-Pro Artificial Analysis Intelligence Index and Open-Source Agent Framework Hermes Agent Agentic Index1 Tops Global Invocation Volume Rankings2 Achieved Top Agent M
Slide 7: Xiaomi miclaw: Exploring the Possibilities of AI Agents Powered by MiMo
Xiaomi miclaw: Exploring the Possibilities of AI Agents Powered by MiMo Foundation Models Smartphones Visual Smart Speaker Xiaomi miclaw Among The First in Chinese Mainland to Pass CAICT1 Mobile Intelligent Assistant (Claw) Assessment Cross-Device Connectivity Wearables Tablets One Command for Files
Slide 8: Advancing the Frontier of Embodied Intelligence
Advancing the Frontier of Embodied Intelligence Open-Sourced Xiaomi-Robotics-0 Xiaomi ROBOTS Showcased Real-World Post-Training is Now Available at 2026 Group Investor Day 8
Slide 9: Xiaomi YU7 GT: A Long-Range Sports-Car-Grade SUV
Xiaomi YU7 GT: A Long-Range Sports-Car-Grade SUV Officially Launched in May 2026 RMB 389,900 2.92s 1,003ps 300km/h 0-100 km/h Max Top Speed Acceleration Horsepower V8s EVO 705km 897v SiC-Based Xiaomi HyperEngine Maximum CLTC Range High-Voltage Platform Xiaomi Smart Chassis 2.0 Track-Specific Braking
Slide 10: Xiaomi YU7 GT Sets SUV Lap Record at the Nürburgring Nordschleife
Xiaomi YU7 GT Sets SUV Lap Record at the Nü rburgring Nordschleife with Track Package New Official Lap Record for SUVs at the Nü rburgring Nordschleife 10
Slide 11: Pursue High-Quality New Retail Strategy
Pursue High-Quality New Retail Strategy Number of Xiaomi Stores Number of Over 500 Xiaomi Number of New Retail in Chinese Mainland Stores in Chinese Mainland Stores Overseas 520+ 16,000+ 260+ 15,000+ 80+ 10+ Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 11
Slide 12: Smartphone x AIoT Segment
Smartphone x AIoT Segment
Slide 13: Smartphone Shipments Ranked Top 3 for 23 Consecutive Quarters
Smartphone Shipments Ranked Top 3 for 23 Consecutive Quarters Q1 2026 Shipments YoY Shipments Vendor Q1 2026 Market Share (Million Units) Change 80.0 20.0% 70.0 Samsung 65.4 21.9% 8.0% 14.1% 14.7% 13.6% 15.0% 60.0 11.1% 11.3% 50.0 Apple 60.4 20.3% 9.9% 42.4 43.4 10.0% 41.8 40.0 37.8 33.8 Xiaomi Xiao
Slide 14: Leadership Across All Major International Markets
Leadership Across All Major International Markets Q1 2026 Smartphone Shipments Ranking and Market Share No.3 17.2% No.3 Europe 11.3% No.4 Global No.3 12.1% 13.0% India No.3 Middle East 9.2% No.3 No.2 Africa 16.9% Southeast 17.4% Asia Latin America Smartphone Market Share Ranked Top 3 in 47 Markets a
Slide 15: Chinese Mainland Smartphone Market Share Maintained at Healthy Level
Chinese Mainland Smartphone Market Share Maintained at Healthy Level Market Share No.2 No.5 No.5 No.5 No.3 Ranking 7.0 20.0% 6.0 15.9% 16.0% 14.1% 5.0 13.5% 13.5% 15.0% 4.0 4.0 3.7 3.1 3.3 10.0% 3.0 2.8 2.0 5.0% 1.0 - 0.0% Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 Chinese Mainland Smartphone Unit
Slide 16: Achieved Record-High Smartphone ASP
Achieved Record-High Smartphone ASP Smartphone ASP (RMB) Premium Smartphone as % of Total Smartphone Units Sold in Chinese Mainland1 8%+ 1,310 27.1% 1,211 25.0% 1,138 1,129 23.3% 23.5% 1,082 20.3% 2023 2024 2025 Q1 Q1 2023 2024 2025 Q1 Q1 2025 2026 2025 2026 1 According to third-party data, by units
Slide 17: Leading Consumer AIoT Platform
Leading Consumer AIoT Platform Number of Connected Devices1 Xiaomi Home App MAU Millions Millions 1,079.2 1,118.7 904.6 943.7 112.7 117.0 100.8 106.4 739.7 85.8 2023 2024 2025 Q1 2025 Q1 2026 2023 2024 2025 Q1 2025 Q1 2026 Users with 5 or More Devices Connected to Xiaomi AI Assistant MAU Xiaomi’s AI
Slide 18: Tablets: Ranked Top 5 Globally
Tablets: Ranked Top 5 Globally Vendor Q1 2026 Global Shipments Q1 2026 YoY Shipments Ranked Top 3 in Chinese Mainland (Million Units) Market Share Change Ranked Top 5 Globally Apple 14.7 39.9% 7.2% Samsung 5.8 15.7% -12.6% Huawei 3.3 8.8% 28.6% Lenovo 3.0 8.2% 20.0% Xiaomi 2.7 7.2% -13.6% Others 7.4
Slide 19: Wearables: Leading Position Globally
Wearables: Leading Position Globally Wearable Bands TWS Global Chinese Mainland Global Chinese Mainland Ranking Ranking Ranking Ranking No.3 No.2 No.2 No.2 Source: Omdia, by shipments in Q1 2026. Wearable bands include basic bands, basic watches, and smartwatches 19
Slide 20: Smart EV, AI and Other New Initiatives Segment
Smart EV, AI and Other New Initiatives Segment
Slide 21: Delivered 80,856 Vehicles in Q1 2026
Delivered 80,856 Vehicles in Q1 2026 Delivered 232,000 Xiaomi YU7 10 Months Post-Launch Xiaomi EV Number of Delivery 145,115 108,796 Xiaomi SU7 Series1 75,869 81,302 80,856 Xiaomi YU7 Series Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Note: As of April 30, 2026, sourced from the China Passenger Car Asso
Slide 22: Robust Initial Sales of New-Generation Xiaomi SU7
Robust Initial Sales of New-Generation Xiaomi SU7 Commenced Delivery of The New-Generation Xiaomi SU7 Series Starting March 23, 2026 Locked-in Orders Over 80,000 units During the Initial Sales Period1 26,000 Vehicles Delivered 2 1 The initial sales period spanned from March 23, 2026 to May 6, 2026 2
Slide 23: Introduced Xiaomi YU7 Standard Version in May 2026
Introduced Xiaomi YU7 Standard Version in May 2026 Completed the Product Lineup of the Xiaomi YU7 Series Xiaomi YU7 Standard Version RMB 233,500 V6s Plus Xiaomi HyperVision Xiaomi HyperEngine 643km 752V SiC-Based CLTC Range High-Voltage Platform 700TOPS LiDAR & Computing Power for Assisted Driving 4
Slide 24: Industry Recognition for Vehicle Quality
Industry Recognition for Vehicle Quality First-Generation Xiaomi SU7 Xiaomi YU7 Among Large Pure Electric Sedan1 Among Large Pure Electric SUV2 Ranked No.1 in NEV Initial Quality Study Ranked No.1 in NEV Initial Quality Study Ranked No.1 in NEV-APEAL Study Ranked No.1 in NEV-APEAL Study 1 Ranked No.
Slide 25: Continued to Expand EV Sales Network
Continued to Expand EV Sales Network EV Sales Centers and City Coverage 138 Cities 143 Cities 477 Stores 490 Stores 119 Cities 402 Stores 92 Cities 335 Stores 65 Cities 235 Stores Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Note: Sales centers of Xiaomi EV includes Xiaomi EV delivery centers, Xiaomi EV
Slide 26: Steady Execution of Overseas Expansion Strategy
Steady Execution of Overseas Expansion Strategy Overseas Expansion Received Global Attention 2027 H2 Target to Enter the European Market 2028 H1 Expand to Right-Hand Drive Regions 26
Slide 27: Financial Highlights
Financial Highlights
Slide 28: Q1 2026 Total Revenue Reached RMB99.1 Billion
Q1 2026 Total Revenue Reached RMB99.1 Billion Revenue RMB Billions 111.3 116.0 113.1 116.9 99.1 18.6 21.3 29.0 37.2 19.9 92.7 94.7 84.1 79.7 79.3 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Smartphone x AIoT segment Smart EV, AI and other new initiatives segment YoY% +47.4% +30.5% +22.3% +7.3% -10.9% 28
Slide 29: Q1 2026 Revenue by Category
Q1 2026 Revenue by Category Smartphones Revenue IoT and Lifestyle Products Revenue RMB Billions RMB Billions Smartphone shipments reached 33.8 IoT and lifestyle products revenue million units, down 19.2% YoY 32.3 reached RMB24.7 billion, down 50.6 44.3 44.3 23.7% YoY Smartphones ASP reached RMB1,310
Slide 30: Gross Profit Margin Maintained at Healthy Level
Gross Profit Margin Maintained at Healthy Level Group Group Gross Profit % 22.8% 22.0% 17% 18% Q1 2025 Q1 2026 27% 33% Smartphone x AIoT Segment Smart EV, AI and Other New Initiatives Segment % % 22.8% 22.5% 23.2% 32% 20.1% 28% 25% 21% Q1 2025 Q1 2026 Q1 2025 Q1 2026 • Gross profit margin for smartp
Slide 31: 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% 15.0% 25.0 11.4% 11.9% 20.0 10.0% 7.4 15.0 6.7 7.1 5.9 4.8 5.0% 10.0 12.5 13.8 0.0% 5.0 10.6 11.3 11.8 - -5.0% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Operating expenses related to Smar
Slide 32: Q1 2026 Adjusted Net Profit Reached RMB6.1 Billion
Q1 2026 Adjusted Net Profit Reached RMB6.1 Billion Adjusted Net Profit118.0 RMB Billions 16.0 14.0 12.0 10.8 11.3 10.7 10.0 8.0 6.3 6.1 6.0 4.0 2.0 - Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Adjusted Net 9.6% 9.3% 10.0% 5.4% 6.1% Profit Margin 1 Defined as profit for the period, as adjusted by adding
Slide 33: Capex Reached RMB3.3 Billion in Q1 2026
Capex Reached RMB3.3 Billion in Q1 2026 Increased 20.0% YoY Capex RMB Billions 60.0 5.4 5.2 4.9 50.0 40.0 3.3 3.8 2.7 3.2 3.9 30.0 1.5 20.0 1.1 10.0 1.6 1.7 1.6 1.8 1.3 - Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Smartphone x AIoT segment Smart EV, AI and other new initiatives segment 33
Slide 34: Continued to Return Value to Our Shareholders through Share Repurchase Program
Continued to Return Value to Our Shareholders through Share Repurchase Program Shares Repurchased HKD Billions 8.4 Returned cash to shareholders through 6.3 Repurchasing 250.5 million shares (HKD8.41 Billion) in 20261 3.7 2.8 1.5 2022 2023 2024 2025 2026 1 As of May 22, 2026, excluding transaction f
Slide 35: Industry Recognitions for ESG Efforts
Industry Recognitions for ESG Efforts In Q1 2026, the Group’s Total Renewable Electricity Consumption Reached 26,021 MWh ESG Report • 22,393 MWh of Procured Renewable Energy Published for the 8th Consecutive Year • 3,628 MWh of On-Site Solar Generation from Distributed PV Systems Across Campus 6 AAA
Slide 36: IR@xiaomi.com https://ir.mi.com/
IR@xiaomi.com https://ir.mi.com/