XOS (NASDAQ:XOS) Issues Earnings Results, Misses Expectations By $0.02 EPS

XOS (NASDAQ:XOS) posted 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. The firm had revenue of $4.74 million for the quarter, compared to analyst estimates of $14.30 million. XOS had a negative return on equity of 78.81% and a negative net margin of 51.68%.

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 Trading Down 18.6%

XOS opened at $2.10 on Friday. XOS has a fifty-two week low of $1.60 and a fifty-two week high of $8.27. The firm has a market capitalization of $28.81 million, a PE ratio of -1.30 and a beta of 1.76. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 0.90. The company’s 50-day moving average is $2.71 and its 200 day moving average is $2.35.

Analyst Ratings Changes

XOS has been the subject of a number of research reports. Weiss Ratings raised XOS from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. Zacks Research cut XOS from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, Wall Street Zen downgraded shares of XOS from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Insider Transactions at XOS

In other news, major shareholder Emerald Green Trust sold 280,040 shares of the firm’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 value of $1,467,409.60. Following the transaction, the insider owned 1,161,229 shares in the company, valued at $6,084,839.96. This trade represents a 19.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 412,272 shares of company stock worth $2,240,161. 20.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new stake in shares of XOS during the 3rd quarter valued at $27,000. DRW Securities LLC bought a new position in shares of XOS during the 4th quarter valued at approximately $33,000. Geode Capital Management LLC increased its stake 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 during the last quarter. Finally, Two Sigma Investments LP purchased a new position in XOS in the third quarter valued at approximately $331,000. Hedge funds and other institutional investors 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.