Xiaomi stock: Buyback and Macquarie target cut shape week

Published on 10/31/2026 at 10:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Xiaomi stock stayed in focus after a new buyback and a Macquarie target cut. The company is due to consider third-quarter results on November 24.

Buyback and analyst target shape Xiaomi week

Xiaomi continued its capital-return program with a Class-B share repurchase.
Macquarie trimmed its target while maintaining focus on electric vehicles and Internet of Things growth.
The company is scheduled to consider third-quarter and nine-month results on November 24.

Xiaomi Corp., KYG9830T1067, Illustration mit AI erstellt.

Xiaomi Corp. continued its capital-return program during the week through a Class-B share repurchase, while Macquarie lowered its target for the Chinese technology group. The developments keep capital allocation, electric vehicles and the Internet of Things at the center of the investor debate.

Buyback puts capital plan into action

According to Futu's summary of Xiaomi's disclosure, the company repurchased 1,954,600 Class-B shares on October 27 at between 25.48 and 25.68 Hong Kong dollars per share, for total consideration of about 49.99 million Hong Kong dollars. The shares are intended for cancellation, although the disclosure said they had not yet been cancelled.

The transaction followed further October repurchases and gives investors a concrete measure of Xiaomi's capital allocation. The near-term effect depends on the eventual cancellation and the pace of additional purchases under the existing mandate.

Macquarie trims target

GMT EIGHT reported that Macquarie cut its Xiaomi target from 54.20 to 54.00 Hong Kong dollars on October 27. The analysis pointed to expected electric-vehicle revenue growth and steady Internet of Things expansion, while also lowering its 2026 net-profit forecast by 0.5 percent.

Results date remains next catalyst

Xiaomi's board is scheduled to consider unaudited results for the three and nine months ended September 30 on November 24. The date gives investors a defined checkpoint for vehicle deliveries, smartphone demand and the contribution from connected hardware.

Xiaomi stock traded at 3.01 euros on Lang & Schwarz at 10:18 CET on Saturday, October 31, 2026.