NIO 1Q26 Update: Gross Margin Reached 19%, Rating Upgraded to BUY

CMB International upgraded NIO Inc. (NIO US / 9866 HK / SGX: NIO) from HOLD to BUY, with target prices raised to US$7.00 / HK$55.00.

Key 1Q26 numbers:

Revenue: RMB25.53bn, +112.2% YoY

Sales volume: 83,465 units, +98.3% YoY

Gross margin: 19.0%, highest since 4Q21

Net loss: RMB496mn

The main focus is margin recovery and cost discipline. The report notes that NIO’s restructuring since FY25 appears to be supporting more sustainable cost reduction, while other revenue gross margin improved to 20.6%.

Disclaimer: For research and educational purposes only. Not investment advice.

SG Earnings Season: What Spotlights to Focus?

SG companies are now in the midst of a busy earnings season, with mixed results. Which companies are you bullish on, and which do you expect to underperform? Come share your thoughts with us!

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Comments

Song Di
05-22 21:44
Song Di
but its price continues to drop HK during the day and US in the night.

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(NIO US / 9866 HK / SGX: NIO) from HOLD to BUY, with target prices raised to US$7.00 / HK$55.00.\nKey 1Q26 numbers:\nRevenue: RMB25.53bn, +112.2% YoY\nSales volume: 83,465 units, +98.3% YoY\nGross margin: 19.0%, highest since 4Q21\nNet loss: RMB496mn\nThe main focus is margin recovery and cost discipline. The report notes that NIO’s restructuring since FY25 appears to be supporting more sustainable cost reduction, while other revenue gross margin improved to 20.6%.\nDisclaimer: For research and educational purposes only. Not investment advice.\n<img src=\"https://community-static.tradeup.com/news/5bebbf451e91b6f4e539c9c10fbe0081\" tg-width=\"1080\" tg-height=\"9275\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/NIO\">$蔚来(NIO)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/NIO.SI\">$蔚来(NIO.SI)$&nbsp;</a>&nbsp;\nCMB International upgraded NIO Inc. (NIO US / 9866 HK / SGX: NIO) from HOLD to BUY, with target prices raised to US$7.00 / HK$55.00.\nKey 1Q26 numbers:\nRevenue: RMB25.53bn, +112.2% YoY\nSales volume: 83,465 units, +98.3% YoY\nGross margin: 19.0%, highest since 4Q21\nNet loss: RMB496mn\nThe main focus is margin recovery and cost discipline. The report notes that NIO’s restructuring since FY25 appears to be supporting more sustainable cost reduction, while other revenue gross margin improved to 20.6%.\nDisclaimer: For research and educational purposes only. Not investment advice.\n<img src=\"https://community-static.tradeup.com/news/5bebbf451e91b6f4e539c9c10fbe0081\" tg-width=\"1080\" tg-height=\"9275\"></body></html>","text":"$蔚来(NIO)$ $蔚来(NIO.SI)$ CMB International upgraded NIO Inc. (NIO US / 9866 HK / SGX: NIO) from HOLD to BUY, with target prices raised to US$7.00 / HK$55.00. Key 1Q26 numbers: Revenue: RMB25.53bn, +112.2% YoY Sales volume: 83,465 units, +98.3% YoY Gross margin: 19.0%, highest since 4Q21 Net loss: RMB496mn The main focus is margin recovery and cost discipline. The report notes that NIO’s restructuring since FY25 appears to be supporting more sustainable cost reduction, while other revenue gross margin improved to 20.6%. Disclaimer: For research and educational purposes only. Not investment advice.","highlighted":1,"essential":1,"paper":2,"likeSize":17,"commentSize":1,"repostSize":16,"favoriteSize":0,"link":"https://ttm.financial/post/566819190264048","repostId":0,"isVote":1,"tweetType":1,"viewCount":17409,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["NIO.SI","NIO"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":514,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":567002123850664,"commentId":"567002123850664","gmtCreate":1779457493940,"gmtModify":1779460982222,"authorId":4159505662240392,"author":{"id":4159505662240392,"idStr":"4159505662240392","authorId":4159505662240392,"name":"Song Di","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[]},"repliedAuthorId":0,"objectId":566819190264048,"objectIdStr":"566819190264048","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"but its price continues to drop HK during the day and US in the night.","text":"but its price continues to drop HK during the day and US in the night.","html":"but its price continues to drop HK during the day and US in the night.","likeSize":1,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/566819190264048"}