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Nio Inc. Achieves First GAAP Profit Amid Market Decline

4/11/2026

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Summary

Story summary

Nio Inc. reported its first-ever quarterly GAAP profit of $40.4 million in Q1 2026, despite an 83% five-year stock decline.
Vehicle deliveries rose 98% year over year to 83,465 in Q1 2026, despite a 17% decline in the broader Chinese auto market.
Vehicle margin reached 18%.
Research and development (R&D) expenses fell 44%.
Analysts set price targets from $4 to $8.

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Story summary

Nio Inc. reported its first-ever quarterly GAAP profit of $40.4 million in Q1 2026, despite an 83% five-year stock decline.
Vehicle deliveries rose 98% year over year to 83,465 in Q1 2026, despite a 17% decline in the broader Chinese auto market.
Vehicle margin reached 18%.
Research and development (R&D) expenses fell 44%.
Analysts set price targets from $4 to $8.