Xiaomi reports strong Q3 2025 growth, boosted by EV and AI

Xiaomi Corporation announced robust unaudited consolidated results for the three months ended September 30, 2025. Total revenue reached RMB113.1 bn, a 22.3% year-over-year increase, with adjusted net profit soaring by 80.9% year-over-year to RMB11.3 bn. The smart EV, AI, and other new initiatives segment was a key driver, achieving record-high revenue of RMB29.0 bn, up 199.2% year-over-year, and positive income from operations of RMB0.7 bn for the first time.

Smartphone shipments increased by 0.5% year-over-year to 43.3m units, maintaining a top 3 global ranking. The company's IoT and lifestyle products segment recorded RMB27.6 bn in revenue, growing by 5.6% year-over-year, with a gross profit margin of 23.9%. Internet services revenue also reached a record high of RMB9.4 bn, an increase of 10.8% year-over-year.

Xiaomi's strategic investments in R&D continued, with expenses increasing by 52.1% year-over-year to RMB9.1 bn in Q3 2025, reflecting a focus on foundational core technologies and AI capabilities. The company also repurchased nearly 34.1m shares for approximately HK$1.54 bn during the first three quarters of 2025.