XOS (NASDAQ:XOS) Announces Earnings Results, Beats Estimates By $0.29 EPS

XOS (NASDAQ:XOS) announced its quarterly earnings results on Thursday. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.29, FiscalAI reports. XOS had a negative net margin of 39.13% and a negative return on equity of 82.92%. The business had revenue of $11.23 million for the quarter, compared to analyst estimates of $6.23 million.

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

• Xos reported a strong Q1 2026, with revenue rising to $11.2 million from $5.9 million a year ago and unit deliveries increasing to 95 units, driven by a larger mix of Hub and powertrain shipments.
• The company posted record gross margins, with GAAP gross margin at 38.6% and non-GAAP gross margin at 37.8%, reflecting improved product mix, cost discipline, and inventory management.
• Xos said the Hub is becoming a major growth driver, citing strong demand from new customer segments such as data centers, municipal, federal, and defense applications, with plans to expand the product and begin shipping to Europe later this year.
• Operational performance improved meaningfully, including the lowest quarterly operating loss since going public, reduced cash usage, and lower inventory, showing progress toward a more self-sustaining business model.
• Management reaffirmed full-year 2026 guidance for revenue of $40 million-$50 million, unit deliveries of 350-500, and a non-GAAP operating loss of $11.9 million-$13.3 million, while noting that unit mix and second-half demand remain uncertain.

XOS Stock Performance

Shares of NASDAQ:XOS opened at $2.13 on Friday. The company’s 50 day moving average price is $1.85 and its two-hundred day moving average price is $2.13. XOS has a 12-month low of $1.60 and a 12-month high of $5.60. The firm has a market cap of $25.52 million, a PE ratio of -1.08 and a beta of 1.72. The company has a quick ratio of 1.05, a current ratio of 2.11 and a debt-to-equity ratio of 0.52.

XOS News Summary

Here are the key news stories impacting XOS this week:

• Positive Sentiment: Xos reported Q1 EPS of -$0.43, beating estimates for a loss of -$0.72, while revenue came in at $11.23 million versus expectations around $6.2 million, signaling stronger-than-expected demand and execution. Article Title
• Positive Sentiment: The company said it delivered record gross margin and its lowest operating loss since going public, with gross margin reaching 38.6% and operating losses improving sharply year over year. Article Title
• Positive Sentiment: Xos also posted a quarterly record of 95 units delivered, including 63 powertrains for Blue Bird school buses, showing momentum in its multi-product business lines. Article Title
• Neutral Sentiment: The company reaffirmed its 2026 revenue outlook of $40 million to $50 million while shifting more of its business mix toward hubs and powertrains, suggesting management remains confident but not yet guiding to a major upward revision. Article Title
• Negative Sentiment: Despite the better quarter, Xos is still loss-making with a negative net margin and negative return on equity, so investors may remain cautious about the pace of long-term profitability. Article Title

Analysts Set New Price Targets

A number of research analysts recently commented on XOS shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of XOS in a research note on Monday, April 20th. Zacks Research lowered shares of XOS from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, XOS presently has a consensus rating of “Hold” and an average target price of $7.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in XOS. Citadel Advisors LLC acquired a new position in shares of XOS during the 3rd quarter worth approximately $27,000. DRW Securities LLC acquired a new position in shares of XOS during the 4th quarter worth approximately $33,000. Geode Capital Management LLC grew its position in shares of XOS by 29.9% during the 4th quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock worth $129,000 after purchasing an additional 16,357 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of XOS during the 3rd quarter worth approximately $331,000. Institutional investors and hedge funds own 12.86% of the company’s stock.

About XOS

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.