Li Auto Inc. (NASDAQ: LI) Q1 2026 Earnings: Revenue Beats, EPS Misses Amidst EV Market Competition

Font: Financial Modeling Prep  • May 28, 2026

• Revenue Beat: Li Auto Inc. (NASDAQ: LI) exceeded revenue expectations, reporting $3.33 billion against an estimate of $3.17 billion.
• EPS Miss: Despite strong revenue, the company posted an earnings per share of -$0.30, missing analyst forecasts.
• Financial Health: The company maintains a strong balance sheet with a Debt-to-Equity ratio of 0.25 and a current ratio of 1.81, indicating solid financial stability despite current losses.

On May 28, 2026, Li Auto Inc. reported its quarterly earnings. Li Auto Inc. is a major player in China's new energy vehicle (NEV) market, specializing in plug-in hybrid vehicles. The company competes with other Chinese electric vehicle makers like XPeng Inc. (NYSE: XPEV) in a highly competitive EV market.

The company announced total revenues of $3.33 billion, which is equivalent to RMB 23.00 billion. This figure surpassed the consensus analyst estimate of $3.17 billion. The revenue was generated from the delivery of 95,142 vehicles in the first quarter, marking a 2.5% increase from the same period last year.

However, Li Auto Inc. reported an earnings per share of -$0.30, missing the analyst expectation of -$0.27. As highlighted by The Wall Street Journal, the company is experiencing a loss due to slowing sales and shrinking margins. This trend is also seen with competitors like XPeng Inc., which also missed its earnings estimates.

Despite the loss, the company shows some financial strengths. It maintains a low Debt-to-Equity ratio of 0.25. This means the company uses more of its own funds rather than borrowed money to finance its assets. Its current ratio of 1.81 also shows a solid ability to cover its short-term debts. A key metric is the negative Enterprise Value to Operating Cash Flow ratio of -7.97. This indicates the company is currently spending more cash on its operations than it is generating.