Xos posts higher gross margins but lower revenue in Q2 2026
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Xos Extends Gross Profit Streak, Highlighting Operational Efficiency
August 13, 2026 4:10 PM EDTExpanded first-half GAAP gross margin to 31.0% from 11.8% and non-GAAP gross margin to 29.0% from 4.9% in the prior year
Reduced first-half operating expenses by 8.6%, narrowing GAAP and non-GAAP operating losses by 22.8% and 40.9%, respectively
Improved first-half EBITDA by 24.8% and adjusted EBITDA by 38.6% year-over-year
LOS ANGELES, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQ: XOS) ("Xos" or the "Company"), a leading energy storage and fleet electrification solutions provider, today reported financial results for the second quarter ended June 30,... More
