Xiaomi Reports 22% Surge in Q3 Revenue as EV Push Gains Momentum

BEIJING, November 18, 2025 – Xiaomi Corp (1810.HK), one of the world’s leading smartphone manufacturers, reported a 22.3% year-on-year increase in third-quarter revenue, driven by its strategic expansion into electric vehicles (EVs) and continued growth in its smartphone and consumer electronics divisions.

For the quarter ending September 30, 2025, Xiaomi posted revenue of 113.1 billion yuan ($15.90 billion), slightly below the 116.5 billion yuan average analyst estimate compiled by LSEG. Despite missing revenue expectations, the company achieved a significant boost in profitability.

Adjusted net profit rose 80.9% year-on-year to 11.3 billion yuan, surpassing the average analyst forecast of 10.3 billion yuan. This robust growth highlights Xiaomi’s ability to capitalize on both its core smartphone business and its emerging investments in electric mobility.

Xiaomi’s Strategic Shift into Electric Vehicles

Xiaomi’s push into electric vehicles marks a major diversification from its traditional smartphone and home appliance business. By leveraging its technology ecosystem, IoT capabilities, and brand recognition, the company is positioning itself as a competitive player in China’s rapidly growing EV market. Industry analysts note that Xiaomi’s entry into EVs is expected to boost long-term revenue and market share, particularly as demand for smart and connected vehicles continues to rise globally.

Stock Performance and Market Reaction

Despite strong revenue and profit growth, Xiaomi’s Hong Kong-listed shares closed down 2.81% at 41 HKD on the announcement day. The stock has still risen 18.2% year-to-date, reflecting investor confidence in Xiaomi’s broader technology and EV strategy.

Xiaomi continues to innovate across multiple sectors, including:

• Smartphones, maintaining its position as the world’s third-largest smartphone maker
• Home appliances and IoT devices, expanding its smart home ecosystem
• Electric vehicles, targeting the fast-growing EV market in China and beyond

The company’s performance in Q3 reflects strong operational efficiency and strategic investments, with profitability gains exceeding analyst expectations even in a competitive technology and automotive landscape.

Outlook for Xiaomi

Looking ahead, Xiaomi’s management remains focused on accelerating its EV rollout, expanding international smartphone sales, and continuing investment in artificial intelligence (AI) and smart home technologies. By combining its hardware capabilities with software innovation, Xiaomi aims to strengthen its position as a leading technology conglomerate in both consumer electronics and emerging mobility solutions.

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Key Takeaways

• Q3 revenue rose 22.3% to 113.1 billion yuan ($15.90 billion).
• Adjusted net profit surged 80.9% to 11.3 billion yuan, beating estimates.
• Xiaomi continues strategic expansion into electric vehicles.
• Stock closed down 2.81% at 41 HKD but remains up 18.2% YTD.
• Growth driven by smartphones, smart home devices, and EV investment.