# Revenue and Earnings Beat Expectations.

*robotics · news · 2026-05-21 · Benzinga*

## Key points

- NIO's Q1 2026 revenue of $3.701 billion beat analyst estimates despite sequential decline.
- Gross margin increased to 19.0%, its highest since at least last year, driven by improved vehicle margins.
- NIO expects Q2 2026 deliveries of 110,000–115,000 units, a 52.7%–59.6% Y/Y increase.
- Upcoming ONVO models will feature smart-technology upgrades powered by NIO's self-developed smart driving chip.
- All-new ES8 led China's large SUV segment and luxury SUVs above RMB 400,000 for five months.

**Companies:** Tesla, Inc., NIO
**Countries:** China, United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/earnings/26/05/52713931/nio-shrugs-off-china-ev-war-forecasts-explosive-growth)

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