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Xiaomi's Q1 Financial Report: Smartphone ASP Increases by 8.2% Year-on-Year to Reach a New High, Core Business Operating Profit Nearly Doubles Quarter-on-Quarter
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Author：小编
In the first quarter of 2026, Xiaomi Group achieved revenue of RMB 99.1 billion and an adjusted net profit of RMB 6.1 billion, both slightly exceeding market expectations. Its core business operating profit nearly doubled quarter-on-quarter. Specifically, the revenue from the Smartphone × AIoT segment reached RMB 79.3 billion, with smartphone shipments ranking among the top three globally for 23 consecutive quarters. The global average selling price (ASP) increased by 8.2% year-on-year, reaching a new all-time high. The revenue from the Innovative Business segment, including smart electric vehicles and AI, reached RMB 19.9 billion, up 6.9% year-on-year.
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