Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) reported record revenue for the second quarter of 2026, according to a weekly investor update issued by founder and Global CEO YT Jia.

The company said its robotics business generated an average gross margin of more than 30% during the first half of 2026. The company also reported reducing its total debt by more than $100 million year over year.

Despite the robotics unit's gross margin performance, Faraday Future acknowledged that its consolidated results remain weak, citing legacy automotive debt, depreciation and amortization, and fixed operating costs that exceed the robotics segment's current gross profit contribution.

The company said it plans to implement a debt reduction program in the second half of 2026 and is exploring independent financing and a potential separate listing for its robotics business.

Faraday Future also said it is working toward 2,000 cumulative robot sales and shipments by year-end and aims to collect 50,000 hours of real-world data cumulatively during 2026. The company targets expanding its developer community to 200 individuals and organizations and producing 100 robotics skills by year-end.

The company said it is advancing a "Built in USA" program covering seven FCC-certified robot models across three product series, with partner recruitment conferences planned for August 26 and September 28.

Jerry Wang represented the company at the 2026 J.P. Morgan industry conference in New York, where he presented to more than 500 investors.

The automotive business remains in an investment and product-transition phase, the company said. Faraday Future's forward-looking statements carry material risks, including its ability to continue as a going concern, repay outstanding obligations, and secure sufficient financing.