ECARX (NASDAQ:ECX) Posts Quarterly Earnings Results

ECARX (NASDAQ:ECX) issued its earnings results on Tuesday. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02), FiscalAI reports. The business had revenue of $131.50 million for the quarter, compared to the consensus estimate of $204.66 million.

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

• ECARX said Q1 revenue came in at about $140 million for sales of goods, with gross margin expanding to 21.4% and adjusted EBITDA positive for the third straight quarter at $4 million.
• Management reaffirmed full-year 2026 revenue guidance of $1.0 billion to $1.1 billion, saying the backlog and commercial pipeline support a stronger second half after a seasonal Q1 low.
• The company highlighted strong commercial momentum, including a 73% year-over-year increase in shipments of high-end Pikes and Antora products, plus a new contract with a leading Chinese automaker outside the Geely ecosystem.
• ECARX announced a major May Mobility partnership to develop and deliver thousands of autonomous-enabled vehicles, marking its first entry into the robotaxi market.
• Management cautioned that memory-cost inflation and ongoing strategic investments could pressure gross margin and operating profitability in coming quarters, even as the company keeps tight cost discipline.

ECARX Trading Up 0.7%

ECARX stock opened at $0.97 on Thursday. The stock has a market cap of $344.74 million, a P/E ratio of -6.45 and a beta of 0.98. The stock has a 50 day moving average of $1.09 and a 200-day moving average of $1.57. ECARX has a 52 week low of $0.88 and a 52 week high of $2.70.

Analyst Upgrades and Downgrades

ECX has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of ECARX in a research report on Monday, April 20th. Zacks Research upgraded shares of ECARX from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. One 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 stock currently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On ECARX

Several institutional investors and hedge funds have recently made changes to their positions in ECX. Cubist Systematic Strategies LLC purchased a new position in shares of ECARX during the 1st quarter valued at approximately $213,000. Goldman Sachs Group Inc. lifted its stake in ECARX by 43.3% during the first quarter. Goldman Sachs Group Inc. now owns 74,498 shares of the company’s stock worth $94,000 after purchasing an additional 22,498 shares during the last quarter. Jane Street Group LLC lifted its stake in ECARX by 234.4% during the first quarter. Jane Street Group LLC now owns 576,490 shares of the company’s stock worth $726,000 after purchasing an additional 404,119 shares during the last quarter. Invesco Ltd. lifted its stake in ECARX by 5.8% during the second quarter. Invesco Ltd. now owns 253,689 shares of the company’s stock worth $520,000 after purchasing an additional 13,859 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new position in ECARX during the second quarter worth $71,000.

ECARX Company Profile

ECARX is a global automotive technology company focused on developing and delivering smart cockpit solutions for original equipment manufacturers (OEMs). The company designs and manufactures a range of in-vehicle computing platforms, central processing units, digital instrument clusters and multimedia infotainment systems. ECARX’s core offerings integrate software, hardware and cloud connectivity to create seamless user experiences for drivers and passengers.

The company’s product portfolio spans telematics control units, over-the-air update frameworks and next-generation human-machine interfaces (HMI).