Xiaomi Group has just announced its business results for the second quarter of 2025. Accordingly, from April to the end of June this year, their revenue increased by 30.5% over the same period, reaching 16.24 billion USD, marking the third consecutive quarter exceeding the 14 billion USD mark.
Adjusted net profit increased by 75.4% over the same period, reaching 1.512 billion USD and exceeding 1.4 billion USD in 2 consecutive quarters.
According to international media, these are all higher than the forecast from the London Stock Exchange (LSEG).
In particular, revenue from the smartphone segment reached 6.37 billion USD, output grew for 8 consecutive quarters and maintained the top 3 position globally for 20 consecutive quarters. The IoT and smart consumer products segments set a new revenue record of 5.418 billion USD, up 44.7% over the same period, thanks to the revenue of smart home appliances increasing by 66.2%.
Revenue from smart electric vehicles, AI and other new initiatives reached 2.982 billion USD, up sharply by 234% over the same period. For the first time, electric vehicle revenue alone exceeded 2.8 billion USD, marking an important milestone for this segment.
The smartphone business segment is a highlight Xiaomi, as they shipped 42.4 million smartphones in the second quarter of this year. According to data from market research company Canalys (now under Omdia), Xiaomi accounts for 14.7% of the global market share. In Southeast Asia alone, they are No. 1 in terms of market share.
Although the number of smartphones sold increased by 0.6% compared to the same period last year, revenue in this segment decreased by 2.1% compared to the same period because the average selling price was lower than some competitors globally. In the Chinese market alone, Xiaomi has made many steps forward in product premiumization.
For the electric vehicle segment, Xiaomi delivered 157,000 vehicles in the first half of 2025. As of July 2025, the total number of Xiaomi EV electric vehicles delivered to the market has exceeded 300,000 units.
Operating losses from the electric vehicle segment were also narrowed to 42 million USD in the second quarter of 2025, with the expectation of reaching a break-even point in the second half of this year. However, Xiaomi's accumulated losses in this segment are still high, after investing more than 4.2 billion USD in research and development.
