Xos

Xos reported H1 2026 revenue of $16.0 million, down 34.2% year-over-year from $24.3 million, reflecting a deliberate shift toward powertrain and hub production versus volume. Unit deliveries fell to 125 from 164 units. GAAP gross margin improved sharply to 31.0% from 11.8%, while operating loss narrowed 22.8% to $12.6 million from $16.3 million, driven by an 8.6% reduction in operating expenses. Q2 specifically saw revenue decline to $4.7 million and deliveries of 30 units. The company launched the Power Hub, a 3.1 MWh containerized energy-storage system targeting data center rapid deployment, and reported 250+ megawatt-hours deployed across North America. Xos narrowed full-year 2026 revenue guidance to $35–43 million (previously broader) and non-GAAP operating loss to $(14.7)–$(11.4) million, with unit delivery guidance of 250–350 units. Cash position was $13.2 million at quarter-end after raising $7.6 million net in capital during Q2.

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