NIO Inc. (NIO) Tops Q2 EPS by 8c, Offers Q3 Guidance

NIO Inc. (NYSE: NIO) reported Q2 EPS of ($0.03), $0.08 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.28 billion.

• Deliveries of vehicles were 21,896 in the second quarter of 2021, including 4,433 ES8s, 9,935 ES6s and 7,528 EC6s, representing an increase of 111.9% from the second quarter of 2020 and an increase of 9.2% from the first quarter of 2021.

GUIDANCE:

NIO Inc. sees Q3 2021 revenue of $1.38-1.49 billion, versus the consensus of $1.38 billion.

• Deliveries of the vehicles to be between 23,000 and 25,000 vehicles, representing an increase of approximately 88.4% to 104.8% from the same quarter of 2020, and an increase of approximately 5.0% to 14.2% from the second quarter of 2021.
• Total revenues to be between RMB 8,913.0 million (US$1,380.4 million) and RMB9,631.1 million (US$1,491.7 million), representing an increase of approximately 96.9% to 112.8% from the same quarter of 2020, and an increase of approximately 5.5% to 14.0% from the second quarter of 2021.

For earnings history and earnings-related data on NIO Inc. (NIO) click here.

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