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Xiaomi Q1 Smartphone ASP Climbs 8.2% to Record High, Posts 61 Billion Yuan Adjusted Profit

GateNews

2026-05-26 09:35:53

According to Xiaomi's Q1 2026 earnings report released on May 26, the company reported revenue of 991 billion yuan with adjusted net profit of 61 billion yuan. The smartphone and IoT division generated 793 billion yuan in revenue, with global average selling price rising 8.2% year-over-year to an all-time high.

Xiaomi's smartphone shipments remained among the world's top three for the 23rd consecutive quarter. The AI and smart electric vehicle division contributed 199 billion yuan in revenue, representing 6.9% year-over-year growth.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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