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Xiaomi misses earnings and revenue estimates amid rising costs and weaker consumer spending

Company Fundamentals
24 Mar 2026
Gordon Thompson
View Source
Bearish
pluang ai news

Xiaomi Corporation reported earnings per share of $0.16, missing the estimated $0.18, and revenue of $16.93 billion, slightly below the expected $17.01 billion. The shortfall is attributed to rising memory chip costs and decreased consumer spending in key markets, which also led to a drop in quarterly net profit. Despite these challenges, Xiaomi maintains a solid price-to-earnings ratio of 16.90, reflecting investor confidence in its earnings potential. The company also shows strong financial health with low debt and adequate liquidity, suggesting it can navigate current market pressures while competing globally against major brands like Apple and Samsung.

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