Xiaomi FY26 Q2 profit drops 20.3% to RMB 9.46 billion; revenue falls 6.1% to RMB 108.92 billion

• Xiaomi posted Q2 revenue of RMB 108.92 billion, down 6.1% year over year.
• Profit for the period fell 20.3% to RMB 9.46 billion; basic EPS slipped to RMB 0.37 from RMB 0.46.
• IFRS operating profit declined 19.1% to RMB 10.87 billion, despite a RMB 6.46 billion fair-value gain on financial instruments.
• Non-IFRS adjusted net profit dropped 42.6% to RMB 6.22 billion.
• Smartphone shipments fell 26.5% to 31.2 million; EV deliveries climbed 28.2% to 104,199 vehicles.

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