Xos Reports Record Q2 Revenue Growth
Xos (NASDAQ:XOS), a manufacturer of battery-electric commercial vehicles, reported its second quarter earnings on August 13, 2025. The release was notable for record GAAP revenue of $18.4 million, marking a significant outperformance against analyst expectations of $13.1 million (GAAP) revenue. However, the company posted a GAAP earnings per share of $(7.50), which was below GAAP estimates of $(1.16) but still reflecting operating losses. Gross margin (GAAP) declined sharply to 8.8% and raised its projected non-GAAP operating loss range for FY2025 by approximately $10 million due to tariff and product-mix pressures. Overall, the period highlighted Xos’s ability to scale sales, but profitability and margin questions remain.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Xos focuses on designing and manufacturing battery-electric commercial vehicles for fleet operators. Its products include stepvan trucks, medium-duty chassis cab models, and increasingly, powertrain kits and mobile charging solutions for broader electrification needs.
Source Fool.com
