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XPeng stock falls as He Xiaopeng reports weaker-than-expected third-quarter revenue outlook

XPeng shares experienced a significant decline on Monday after the company reported a second-quarter revenue miss and a softer-than-expected third-quarter outlook. XPeng reported Q2 2026 revenue of RMB19.74 billion, which was 8% higher year-over-year but fell below Wall Street expectations. The company guided Q3 revenue to between RMB21.7 billion and RMB23.4 billion, missing the consensus estimate of RMB25.88 billion. Despite the financial results, XPeng's robotics business unit secured a funding round of over $900 million, reaching a post-money valuation of over $6.3 billion. This valuation highlights the company's long-term ambition to become a leader in physical AI and humanoid robotics. However, the market currently prioritizes the immediate auto-margin story over the long-term robotics optionality. Investors are advised to maintain small positions in the XPeng stock due to its high-beta nature and the recent revenue miss. Chairman and CEO He Xiaopeng stated that the company aims to become a global leader in physical AI, with plans to mass-produce humanoid robots by the end of 2026.

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