XOS (NASDAQ:XOS) Posts Earnings Results, Misses Estimates By $0.02 EPS

XOS (NASDAQ:XOS) announced its quarterly earnings results on Thursday. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.53) by ($0.02), FiscalAI reports. XOS had a negative return on equity of 86.90% and a negative net margin of 39.13%.The firm had revenue of $4.74 million for the quarter, compared to the consensus estimate of $14.30 million.

Here are the key takeaways from XOS’s conference call:

• Q2 deliveries and revenue fell short as customer delays and acceptance issues shifted orders into future quarters. Revenue was $4.7 million on 30 units, down from $11.2 million and 95 units in Q1, while full-year 2026 guidance was revised to $35 million–$43 million of revenue and 250–350 units.
• First-half GAAP gross margin reached a company-record 31%, up from 11.8% a year earlier, while operating and adjusted EBITDA losses narrowed year over year. Management attributed the improvement to a richer mix of Hub and powertrain sales, sourcing savings, and cost discipline, although Q2 margins declined sequentially because of delivery timing and mix.
• Xos launched its 3.1 megawatt-hour Power Hub, an integrated AC-output battery system designed to provide rapidly deployable power for data centers, industrial sites, and defense applications facing lengthy grid-connection timelines. The company cited existing deployments, including support for a hyperscaler data-center construction project, and expects to announce rental, leasing, and deployment partners.
• Manufacturing output and product development advanced, with 29 Hubs produced in Q2, progress on AC-export variants, and vehicle-to-grid powertrain kits delivered to Blue Bird. However, some system-level UL certifications remain in progress and could extend into 2027, even though management said current testing is sufficient for certain customer deliveries.
• Liquidity improved to $13.2 million from $9.8 million through $7.6 million of equity raises, but free cash flow remained negative at $4.3 million for the first half and the company continues to emphasize proactive capital raising and liquidity management. Ongoing operating losses and reliance on additional capital remain important risks.

XOS Stock Down 19.8%

Shares of XOS opened at $2.07 on Friday. XOS has a 52 week low of $1.60 and a 52 week high of $8.27. The firm has a market cap of $28.37 million, a P/E ratio of -1.05 and a beta of 1.76. The firm’s 50-day simple moving average is $2.77 and its 200 day simple moving average is $2.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.89.

Insider Transactions at XOS

In other news, major shareholder Emerald Green Trust sold 280,040 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $5.24, for a total transaction of $1,467,409.60. Following the completion of the sale, the insider owned 1,161,229 shares in the company, valued at $6,084,839.96. The trade was a 19.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 412,272 shares of company stock worth $2,240,161 in the last three months. Company insiders own 20.70% of the company’s stock.

Hedge Funds Weigh In On XOS

Institutional investors and hedge funds have recently modified their holdings of the business. DRW Securities LLC acquired a new position in shares of XOS during the 4th quarter worth approximately $33,000. Geode Capital Management LLC raised its holdings in XOS by 29.9% in the 4th quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock valued at $129,000 after acquiring an additional 16,357 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of XOS during the 3rd quarter valued at $27,000. Finally, Two Sigma Investments LP bought a new position in shares of XOS in the third quarter worth $331,000. 12.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen raised XOS to a “hold” rating in a research note on Sunday, July 12th. Zacks Research downgraded XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Weiss Ratings raised XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

XOS Company Profile

Xos, Inc (NASDAQ: XOS) is a U.S.-based manufacturer of commercial electric vehicles, offering Class 5 through Class 8 electric trucks, chassis and proprietary battery systems. The company’s core business spans vehicle design, powertrain integration, battery management and telematics, aimed at supporting last-mile delivery, beverage distribution and vocational fleets. Xos combines modular vehicle architectures with advanced software to deliver route-optimized performance and zero-emission operation for commercial customers.

Founded in 2016 as a spin-off from a specialty vehicle division, Xos designs, engineers and assembles its electric trucks at a manufacturing facility in Morristown, Tennessee, while maintaining research and development operations in California.