Xiaomi's profit fell by 37.8% in the first half to 14,186 million yuanes (EUR 1,816 million), and turnover fell by 8.4% to 208,063 million yuanes (EUR 26,631 million), today announced the company.
© Lusa
18/08/2026
by
Lusa
Rin the second quarter, the profit of the chinese manufacturer of mobile phones, electric vehicles and other devices fell 20.5% to 9.462 million yuanes (1.211 million euros).
The Chinese technology manufacturer pointed out, in the presentation of its results, that in the second quarter geopolitical uncertainties persisted, while “significant increases in key component costs”, including memory, as well as more intense competition, continued to create business difficulties.
Xiaomi's turnover in this quarter has reached a total of 108,922 million yuanes (EUR 13,941 million), less 6.1% than in the second quarter of 2025, including a retreat of 11.3% in the business of smartphones and Internet of Things (IoT), to 84.026 million yuanes (EUR 10,755 million).
More specifically, between April and June, sales of ‘smartphones’ totalled 42.119 million yuanes (€5.391 million), a fall of 7.5%, while the IoT area had a turnover of 31.278 million yuanes (€4,003 million), a fall of 19.2%.
In this sense, the Chinese company explained that this quarter, the smartphone industry faced difficulties “due to significant increases in memory costs”.
On the other hand, Xiaomi indicated that its business of electric vehicles, artificial intelligence (IA) and other initiatives generated revenue of 24.896 million yuanes (EUR 3,187 million) this quarter, more 17% than in the second quarter of 2025, including a growth of 15.9% in homologous terms of turnover of the vehicle segment, to 23,900 million yuanes (EUR 3,059 million).