Trending Now - Xiaomi Q4 Revenue Rises 7.3% Amid Weak Smartphone Sales

WHO:

Xiaomi Corp.

WHAT:

Xiaomi reported Q4 revenue of approximately $17 billion.

Revenue increased by 7.3% year-over-year.

This growth is noted as Xiaomi's slowest quarterly growth since 2023.

Sales of electric vehicles (EVs) were strong but did not compensate for declining smartphone demand.

WHEN:

The report pertains to the fourth quarter of 2026.

WHY:

The decline in smartphone demand is cited as a reason for the slow growth in revenue.

HOW:

The report indicates that strong EV sales were unable to offset the slump in smartphone sales.

(UPDATED March 24, 2026 11:31 UTC)

Xiaomi Corp. has reported its fourth quarter revenue for 2026, totaling approximately $17 billion, which marks a 7.3% increase compared to the same period last year. However, this growth is the company's slowest quarterly increase since 2023, largely due to a decline in smartphone demand, despite strong sales in electric vehicles. The report highlights that while EV sales were robust, they were not enough to counterbalance the downturn in smartphone sales.