NIO May Swing to Loss for First Quarter -- Earnings Preview

Dow Jones05-19 11:28
 

By Jiahui Huang

 

NIO is scheduled to report results for the first quarter on Thursday. Here is what you need to know:

 

NET LOSS: The Chinese automaker's net loss is estimated at 1.12 billion yuan, equivalent to $164.7 million, according to the consensus estimate of analysts polled by Visible Alpha. That would return NIO to the red after posting its first-ever quarterly profit for the final quarter of 2025.

 

REVENUE: The Shanghai-based company's quarterly revenue is forecast at 25.69 billion yuan, up from 12.03 billion yuan a year ago, according to Visible Alpha.

 

NIO's Hong Kong-listed stock rose 7.1% in the first quarter, boosted by its first-ever quarterly profit in the fourth quarter and market expectations for its new models.

 

WHAT TO WATCH:

-- OUTLOOK: Investors will watch for NIO's second-quarter sales guidance, as it typically releases revenue and vehicle-delivery estimates in its quarterly report.

-- MARGINS: NIO is likely to report a first-quarter margin beat driven by strong delivery volumes, Citi analysts wrote in a recent note. Citi projects gross margin for the quarter at 17.9%. Investors will watch for NIO's margin in order to evaluate its profitability.

-- NEW MODELS: Investors are closely watching NIO's sales momentum after its recent Onvo L80 and ES9 launches, among other models. If the company can record strong sales momentum for the new models, that could trigger a re-rating for the stock, DBS analysts said in a recent note.

 

Write to Jiahui Huang at jiahui.huang@wsj.com

 

(END) Dow Jones Newswires

May 18, 2026 23:28 ET (03:28 GMT)

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