Xiaomi Corp Class B

01810: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Xiaomi Earnings: Memory Prices Continue to Hit Smartphones and Lifestyle Products

Dan Baker

May 27, 2026

Xiaomi's first-quarter result was again marred by weakness in the smartphone and lifestyle businesses, with consolidated revenue down 11% and underlying operating profit down 60%. While up 6.9% year-on-year, EV revenue was also lower than each of the last three quarters of 2025.

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Xiaomi Corp Class B

Xiaomi Earnings: Memory Prices Continue to Hit Smartphones and Lifestyle Products

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