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Xos reports third straight quarter of positive gross profit and improves operational efficiency in Q3 2026.

Company Fundamentals
12 Nov 2026, 23:20 WIB
GlobeNewsWire
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Bullish
Xos reports third straight quarter of positive gross profit and improves operational efficiency in Q3 2026.

Xos, Inc. posted its third consecutive quarter of positive GAAP gross profit in Q3 2026, with a nine-month GAAP gross margin rising to 26.9% from 13.3% the previous year. The company reduced operating expenses by 10% year-over-year and narrowed operating losses, while revenue grew 17% sequentially. Xos also expanded its product deployments, including international shipments and eligibility for California incentives. The company revised its 2026 outlook, expecting revenue between $25 million and $35 million and unit deliveries of 185 to 250. These results highlight Xos's focus on operational efficiency and financial discipline amid a challenging market.

Xos, Inc. reported a 26.9% GAAP gross margin over nine months in 2026, reflecting its operational efficiency. For readers following the energy sector, here is Pluang's market snapshot as of Nov 13, 2026 03:21 WIB: Of 79 priced US energy stocks, 62 rose and 17 fell. Notable movers include SM Energy Company at USD 32.83 (+5.36%), Venture Global Inc. at USD 13.28 (+4.86%), and Nexgen Energy Ltd. at USD 7.94 (-4.57%).

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