Nio Q2 2026 Deliveries Reach 107,658, Up 49.4% YoY

Nio Q2 2026 Deliveries Show Strong Annual Growth

Nio Inc Q2 2026 deliveries reached 107,658 vehicles, setting the foundation for the company’s upcoming second-quarter financial results and profitability discussion. Nio Inc will report unaudited results for the quarter ended June 30 before the US market opens on September 1, followed by an earnings conference call at 8:00 am US Eastern Time, or 8:00 pm in Beijing, Hong Kong and Singapore. Investors are expected to focus closely on whether the company can deliver non-GAAP profitability for a third consecutive quarter, while also assessing revenue guidance, vehicle mix and management’s outlook for the third quarter and the full year.

Quarterly Deliveries Remain Below Company Guidance

The second-quarter delivery total was 49.4% higher than the same period a year earlier, but it fell below Nio Inc’s guidance range of 110,000 to 115,000 vehicles. The shortfall was concentrated in April, when deliveries reached 29,356 units, before monthly volumes recovered to 37,705 in May and 40,597 in June. June therefore represented the company’s strongest monthly delivery level of the year at that point. Across the first half of 2026, Nio delivered 191,123 vehicles, representing year-on-year growth of 67.43%, highlighting substantial expansion despite the quarterly guidance miss.

Product Mix Becomes Critical for Profitability

Product mix remains an important factor for Nio Inc’s profitability because different models and brands can contribute differently to margins. The third-generation ES8 accounted for 33,474 second-quarter deliveries, or 31.09% of the quarterly total. The flagship ES9 contributed 11,703 vehicles after deliveries began on May 28, representing 10.87% of total quarterly deliveries. Firefly, Nio’s small premium-car brand, delivered 17,589 vehicles during the quarter, while the Onvo family-focused brand recorded 29,124 deliveries, up 70.51% year over year, with volumes relatively evenly distributed across its L60, L90 and L80 models.

Financial Performance and Profitability Outlook

Nio’s financial trajectory will be another central issue when management presents the second-quarter results. In the first quarter, the company recorded adjusted operating profit of 66.8 million yuan and revenue of 25.53 billion yuan, up 112.2% year over year. Overall gross margin reached 19.0%, its highest level in four years. Deutsche Bank expected Nio to remain profitable on a non-GAAP basis in the second quarter, estimating non-GAAP net income of about 180 million yuan and citing higher-margin SUV models as a key driver. Actual results and management commentary will determine whether that expectation is supported.

Upcoming Earnings Call and Investor Focus

The upcoming conference call is also important for understanding the company’s next phase of growth. Management is expected to provide third-quarter delivery and revenue guidance and discuss progress toward its full-year profitability target. The company said the live webcast and replay would be available through its investor relations website, while participants joining by phone would need to register in advance and dial in 10 minutes before the call. The timing is slightly earlier than the previous year, when Nio reported second-quarter 2025 results and held its earnings call on September 2.

Frequently Asked Questions

What do Nio’s Q2 2026 deliveries indicate?
Nio’s Q2 2026 delivery performance is important because it shows strong year-on-year growth while also revealing a shortfall against the company’s own quarterly guidance. Nio delivered 107,658 vehicles during the quarter, up 49.4% from a year earlier, but below the 110,000 to 115,000 guidance range. Monthly deliveries improved from 29,356 in April to 37,705 in May and 40,597 in June. Investors will therefore assess whether the stronger June performance can continue and whether the company can translate higher volumes, favorable product mix and improved margins into another quarter of non-GAAP profitability.

What will investors watch in Nio’s next earnings update?
Nio’s next earnings update will provide additional visibility into its third-quarter operating expectations and full-year profitability target. Management is expected to discuss third-quarter delivery and revenue guidance, alongside the factors affecting margins and profitability. The company’s first-quarter adjusted operating profit was 66.8 million yuan, while revenue reached 25.53 billion yuan and gross margin expanded to 19.0%. The second-quarter product mix, including ES8, ES9, Firefly and Onvo deliveries, will help investors evaluate whether the company’s recent financial improvement is becoming more sustainable.