Xiaomi Group-W (01810) achieved revenue of about 108.922 billion yuan in the second quarter, up 9.9% month-on-month, and continued to increase in hard core technology research and development

According to the Zhitong Finance App, Xiaomi Group-W (01810) announced results for the second quarter of 2026, achieving revenue of about 108.922 billion yuan, an increase of 9.9% over the previous month. Gross profit was about 21.609 billion yuan, and profit for the period was about 9.463 billion yuan, up 99.9% month-on-month; adjusted net profit was about 6.219 billion yuan, up 2.4% month-on-month.

From January to June, it achieved revenue of approximately RMB 208.063 billion, gross profit of RMB 43.419 billion, profit of RMB 14.198 billion for the period, and adjusted net profit of approximately RMB 12.291 billion.

In the second quarter of 2026, the group shipped 31.2 million smartphones. According to Omdia data, the company's global smartphone shipments have been ranked in the top three in the world for 24 consecutive quarters. As of June 30, 2026, the number of IoT devices connected to the company's AIoT platform (excluding smartphones and tablets) reached 1,1608 million, an increase of 17.4% over the previous year, a record high. In June 2026, the number of monthly active users worldwide reached 766.5 million, a year-on-year increase of 4.8%, a record high. In the second quarter of 2026, the company delivered 104,199 new vehicles, an increase of 28.2% over the previous year.

The company is steadily implementing the Group's “New Ten Year Goal”: investing in underlying core technology on a large scale and striving to become the world's next-generation hard-core technology leader. In the second quarter of 2026, the group's R&D expenditure was RMB 9.2 billion, an increase of 18.9% over the previous year. As of June 30, 2026, R&D personnel accounted for 47.2%. As of June 30, 2026, the Xiaomi Group has obtained more than 47,000 patents worldwide.

The company continues to be deeply involved in the field of artificial intelligence. The Xiaomi MiMO-v2.5 base model released by the company in April 2026 continues to be widely supported by users around the world. On the OpenRouter platform, Xiaomi MiMO-v2.5 ranked first in weekly calls, reaching 10.5 trillion tokens. In June 2026, the company officially released Xiaomi Miloco 2.0 (full name: Xiaomi Local Copilot 2.0), a whole-house intelligent AI open source solution centered on the Xiaomi MIMO model. Compared with Xiaomi Miloco 1.0, Xiaomi Miloco 2.0 further explores a new form of smart home and begins to move towards active household intelligence that “can remember, know people, and understand execution”.

The company also explores the boundaries of embodying intelligence. In July 2026, the company released and open-sourced Xiaomi-Robotics-U0, a multi-modal autoregressive self-generating pedestal model with 38 billion parameters. In the WorldArena evaluation benchmark, Xiaomi-Robotics-U0 ranked first in the overall score of 126 models in the world. In the same month, the company released XiaomiRobotics-1, a self-contained pedestal model for real mobile operation tasks. The model was pre-trained based on 100,000 hours of real-world data. In RoboCasa365 simulation reviews, Xiaomi-Robotics-1 ranked first. Furthermore, in July 2026, the company showed that in the Xiaomi car factory, the success rate of Xiaomi robots working on both sides of the self-tapping nut loading station increased from 90.2% to 98%. At the same time, the Xiaomi robot was connected to a new construction station in the logistics area of the assembly workshop: sorting the center console side cover and folding and recycling of the bin, all with a success rate of 90%. In June 2026, the Xiaomi robot team won double championships at the Gigabrain Challenge-RoboChallenge circuit in CVPR 2026 Workshops and the WBC (Whole Body Control) circuit in ICRA 2026, reflecting the cutting-edge level of research and development of the Xiaomi robot team in the field of physical intelligence.

Furthermore, the group is steadily optimizing the operational efficiency of new retail stores. As of June 2026, the Group had more than 270 major Millet Home stores of 500 square meters or more in mainland China. At the same time, the Group is steadily promoting a new retail model to go overseas. The number of new retail stores in overseas regions exceeds 640, covering Southeast Asia, Europe, East Asia, Latin America, the Middle East and Africa.

In the second quarter of 2026, the Group continued to improve operating efficiency. The operating expenses ratio of the “Mobile phone x AIoT” division was 14.2%, down 0.6 percentage points from month to month. At the same time, the company is actively investing in the future. This quarter, capital expenditure was approximately RMB 3.6 billion, including capital expenditure of RMB 2.4 billion for innovative business segments such as smart electric vehicles and AI.