Xos Q2 revenue falls 74% YoY to $4.7M; revises FY outlook on delivery deferrals

Xos, Inc.

2026-Q2 EPS reported -$0.98 revenue$15,965,000

Q2 revenue $4.7M vs $18.4M YoY; 30 units delivered vs 135; gross margin improved to 12.1% from 8.9%
H1 GAAP gross margin expanded to 31.0% from 11.8%; non-GAAP to 29.0% from 4.9%; operating loss narrowed 22.8% to $12.6M
Company revising full-year outlook; CEO cites delivery deferrals, not cancellations; ended Q2 with $13.2M cash
Launched Power Hub: 3.1 MWh containerized battery storage delivering 1.5 MW; 250+ MWh deployed across North America
Raised $7.6M net in Q2 via ATM and registered direct offering; terminated Huntington Beach facility lease early

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