NIO stock slips 1.34 percent as Q2 revenue grows 69.1 percent

NIO stock slipped 1.34 percent to USD 3.67 on Nasdaq on September 23, 2026, while the electric vehicle maker reported Q2 2026 revenue growth of 69.1 percent. The latest results show a sharp expansion in sales and deliveries, but the company remained loss-making.

Revenue expands by 69.1 percent

According to NIO Inc. in its September 1, 2026 release, total revenue reached CNY 32,136.9 million in Q2 2026. That was 25.9 percent above Q1 2026 and 69.1 percent above Q2 2025, giving the company a materially larger sales base than a year earlier.

Vehicle sales accounted for CNY 29,058.2 million, increasing 27.5 percent from Q1 2026 and 80.1 percent from Q2 2025. Gross profit reached CNY 5,906.5 million, up 211.3 percent year over year, while gross margin rose to 18.4 percent from 10.0 percent in Q2 2025.

Deliveries reach 107,658 vehicles

NIO delivered 107,658 smart electric vehicles in Q2 2026, an increase of 49.4 percent from Q2 2025 and 29.0 percent from Q1 2026. The total included 60,945 NIO vehicles, 29,124 ONVO vehicles and 17,589 FIREFLY vehicles, showing that all three brands contributed to the quarterly volume.

The margin data add an important qualification to the growth story. Vehicle margin reached 18.5 percent, compared with 10.3 percent a year earlier, but slipped from 18.8 percent in Q1 2026. Net loss was CNY 528.0 million, narrower than the CNY 4,994.8 million loss in Q2 2025 but wider than the CNY 332.1 million loss in Q1 2026.

Stock stays near its yearly low

NIO stock stood at USD 3.67 on Nasdaq on September 23, 2026, down USD 0.05 from the prior session. The 52-week range was USD 3.55 to USD 8.02, placing the share price USD 0.12 above the yearly low and USD 4.35 below the yearly high.

The market value was USD 9,105,677,256 on September 24, 2026. For investors, the central tension is visible in the numbers: revenue, deliveries and margins improved sharply, while the sequential net loss widened and the stock remained close to its 52-week low.