XOS (NASDAQ:XOS) Announces Earnings Results

XOS (NASDAQ:XOS) posted its earnings results on Thursday, May 14th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.29, FiscalAI reports. XOS had a negative return on equity of 86.90% and a negative net margin of 39.13%.The firm had revenue of $11.23 million for the quarter, compared to the consensus estimate of $6.22 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 Price Performance

Shares of NASDAQ XOS opened at $4.74 on Monday. The stock has a market capitalization of $57.45 million, a P/E ratio of -2.39 and a beta of 1.81. XOS has a one year low of $1.60 and a one year high of $8.27. The firm’s 50 day simple moving average is $2.11 and its two-hundred day simple moving average is $2.16. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.89 and a quick ratio of 0.90.

Analyst Upgrades and Downgrades

XOS has been the topic of a number of recent research reports. Weiss Ratings raised XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Zacks Research lowered XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.00.

Insider Activity

In related news, major shareholder Emerald Green Trust sold 280,040 shares of the stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $5.24, for a total transaction of $1,467,409.60. Following the transaction, the insider owned 1,161,229 shares of the company’s stock, valued at approximately $6,084,839.96. This trade represents a 19.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 408,992 shares of company stock valued at $2,210,886. 20.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new position in shares of XOS during the third quarter valued at about $27,000. DRW Securities LLC bought a new stake in XOS during the 4th quarter valued at about $33,000. Geode Capital Management LLC increased its stake in XOS by 29.9% during the 4th quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock valued at $129,000 after purchasing an additional 16,357 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in XOS in the third quarter worth about $331,000. Hedge funds and other institutional investors own 12.86% of the company’s stock.

XOS Company Profile

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.