ECARX Q1 FY26 net loss narrows to US$11 million; revenue drops 22% to US$131.5 million

• ECARDX Holdings posted Q1 2026 revenue of US$131.5 million, down 22% year over year, while net loss narrowed to US$11 million.
• Gross margin widened 1.6 percentage points to 21.4%, while adjusted EBITDA turned positive at US$4 million for a third straight quarter.
• Software license revenue fell 94% to US$1.6 million on the absence of a one-time US$25 million license booked a year earlier.
• Shipped more than 360,000 units, with high-end Pikes and Antora shipments rising about 73% year over year; announced a partnership with May Mobility to bring its intelligent driving capacity to a future autonomous ride-hail fleet.
• Reiterated full-year 2026 revenue guidance of US$1 billion to US$1.1 billion, flagging potential pressure on gross margin and operating profitability in coming quarters from global memory cost dynamics.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ECARDX Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605190700PR_NEWS_USPR_____CN62783) on May 19, 2026, and is solely responsible for the information contained therein.