UK's ECARX Q4 revenue rises 13%, says CFO to leave

Ecarx Holdings.

12/02/2026 12:36

Overview

Mobility tech provider's Q4 revenue rose 13% yr/yr to $304.7 mln

Company achieved positive net income and adjusted EBITDA for second consecutive quarter

Company announced CFO Phil Zhou's departure, new CFO to be appointed soon

Outlook

ECARX plans to use recent proceeds to enhance R&D and supply chain infrastructure

Company aims to capitalize on automotive industry's transition to software-defined vehicles

ECARX continues global expansion, deepening partnership with Volkswagen Group

Result Drivers

AUTOMOTIVE COMPUTING PLATFORM - Sales of goods revenue rose 27% YoY, driven by higher volume of automotive computing platform sales

GLOBALIZATION STRATEGY - Deepening partnerships, such as with Volkswagen in Latin America, are amplifying ECARX's global reach

CAPITAL RAISE - Recent proceeds of nearly $200 mln will support R&D and global expansion

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$304.70 mln
Q4 Gross Margin
21.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the integrated hardware & software peer group is "buy"

Wall Street's median 12-month price target for Ecarx Holdings Inc. is $3.96, about 104.9% above its February 11 closing price of $1.93

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 172 three months ago

Press Release: ID:nPnXT5NKa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)