Ecarx Holdings Inc. · NASDAQ:ECX
Ecarx — Q1 2026 Earnings Presentation
23 slides from Ecarx's earnings presentation, May 19, 2026
Slide 1: First Quarter 2026 Financial Results
First Quarter 2026 Financial Results May 19, 2026
Slide 2: Disclaimers
Disclaimers THIS DOCUMENT AND ITS CONTENTS ARE NOT FOR RELEASE, REPRODUCTION, PUBLICATION OR Nothing contained in this document shall be relied upon as a promise or representation as to the past or DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO ANY OTHER PERSON OR IN OR future perform
Slide 3: Q1 26: Resilient performance and disciplined execution
Q1 26: Resilient performance and disciplined execution Q1 Revenue Q1 Adj. EBITDA US$4 mn Serving 18 OEMs US$132 mn Third consecutive profitable quarter across 28 vehicle brands As of March 31, 2026 Q1 Operating Expenses Shipments of Antora® and Q1 Gross Profit Pikes® series US$41 mn US$28 mn Up 73%
Slide 4: Q1 2026 Strategic and Operational Highlights
Q1 2026 Strategic and Operational Highlights 4
Slide 5: Continued progress on internationalization strategy
Continued progress on internationalization strategy Lone Fønss Schrøder Appointed Chairperson April 16, 2026 Ms. Schrøder brings decades of senior leadership experience across the automotive, technology, finance, logistics, and industrial sectors. Her board roles included time served as Vice Chairpe
Slide 6: Expanding international presence: strategic framework with May Mobility
Expanding international presence: strategic framework with May Mobility Exclusive technology provider accelerating the rollout of May Mobility’s future autonomous fleet for scaling ride-hail deployment ECARX’s ECARX’scentral computing central platforms, computing sensor platforms and 2027 2028 suite
Slide 7: Zenith: architecting the future of integrated central computing
Zenith: architecting the future of integrated central computing Redefining the driving experience with integrated cabin-to-ADAS A breakthrough in integrated, single-box cabin-to-ADAS systems d）在规模化的用户基础上，持续保持较高的用户私域性 connectivity Powered by Qualcomm Snapdragon® Elite (SA8797) automotive platform Int
Slide 8: Q1 2026 Financial Highlights
Q1 2026 Financial Highlights 8
Slide 9: Revenue resilience despite seasonality and challenging market environment
Revenue resilience despite seasonality and challenging market environment Total revenue (US$ mn) Gross profit (US$ mn) Sales of Goods Revenue Software License Revenue Service Revenue Gross 22% 20% 21% Margin 34 Reflects typical Q1 delivery timing with 168 acceleration expected in later 28 28 21 quar
Slide 10: Significant improvement in profit/loss metrics
Significant improvement in profit/loss metrics Net loss (US$ mn) Operating income (US$ mn) Adjusted EBITDA (US$ mn) 4 (11) (13) (15) (27) (25) (35) (31) (42) Q1 2024 Q1 2025 Q1 2026 Q1 2024 Q1 2025 Q1 2026 Q1 2024 Q1 2025 Q1 2026 All copyright shall belong to ECARX. No person shall copy or distribut
Slide 11: Guidance
Guidance Global Revenue Mix Roadmap 2026 Q2 • Increased vehicle launches compared to seasonally softer Q1 • Continued focus on disciplined cost management 2026 • Strengthening demand drivers for automotive technology as the market environment improves 2028 ≥ 30% overseas 2030 ≥ 50% overseas FY2026 U
Slide 12: Appendix
ecar >< Appendix
Slide 13: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of As of As of December 31 March 31 As of December (Unaudited) (Unaudited) March 31 31 (Unaudited) 2025 2026 (Unaudited) Millions, except otherwise noted 2025 2026 US$ US$ US$ US$ LIABILITIES ASSETS Current liabilities Current assets Short-term borr
Slide 14: Unaudited Condensed consolidated balance sheets
Unaudited Condensed consolidated balance sheets As of As of December March 31 31 (Unaudited) (Unaudited) Millions, except otherwise noted 2025 2026 US$ US$ SHAREHOLDERS' DEFICIT Ordinary Shares - - Additional paid-in capital 958.1 1,007.2 Treasury shares, at cost (30.0) (39.9) Accumulated deficit (1
Slide 15: Unaudited Consolidated statements of operations and comprehensive loss
Unaudited Consolidated statements of operations and comprehensive loss Three Months Ended March 31 (Unaudited) Three Months Ended 2025 2026 March 31 (Unaudited) US$ US$ Millions, except otherwise noted 2025 2026 Fair value change of available-for-sale debt investment, net of nil income US$ US$ - (0.
Slide 16: Unaudited Reconciliation of GAAP and Non-GAAP Results
Unaudited Reconciliation of GAAP and Non-GAAP Results We use adjusted EBITDA in evaluating our operating results and for financial and operational decision-making purposes. Adjusted EBITDA is defined as net loss excluding interest income, interest expense, income tax expenses, depreciation of proper
Slide 17: Products & Operations
ecar >< Products & Operations
Slide 18: Major presence across three continents
Major presence across three continents Gothenburg • Cockpit R&D and delivery Shanghai • AD R&D center • AI R&D center • Big data, algorithm, cloud • Advanced research product and London technology R&D • EU operation center where our • Automotive SoC R&D executive officers are based Hangzhou Stuttgar
Slide 19: ECARX main full-stack computing roadmap
ECARX main full-stack computing roadmap All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations. | www.ecarxgroup.com 19
Slide 20: ECARX Cloudpeak software solution
ECARX Cloudpeak software solution Flexible and open SOA architecture design completely releases hardware performance, providing customizable cross domain software development solutions. All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way.
Slide 21: All copyright shall belong to ECARX. No person shall copy or distribute any or
All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations. | www.ecarxgroup.com 21
Slide 22: Strong position from diversified and growing customer base
Strong position from diversified and growing customer base Chinese Brands Global Brands All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations. | www.ecarxgroup.com
Slide 23: Thank you.
Thank you. ECARX Holdings, Inc. www.ecarxgroup.com ir@ecarxgroup.com All copyright shall belong to ECARX. No person shall copy or distribute any or all part of the content in any way. ECARX shall reserve the right to take legal action against such violations.