Macquarie cuts Xiaomi target to HKD 54.00 for Xiaomi stock

Published on 10/27/2026 at 09:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached RMB 108.9 billion in the second quarter of 2026. Xiaomi stock costs EUR 2.93 on October 27, 2026, with EUR 74.9 billion in market value.

Target revision and reporting date

Macquarie cut its Xiaomi target from HKD 54.20 to HKD 54.00 on October 27, 2026.
Xiaomi posted RMB 108.9 billion of revenue in the second quarter of 2026.
Xiaomi stock traded at EUR 2.93 at 9:15 a.m. CET at Lang & Schwarz on October 27, 2026.
Xiaomi is scheduled to report third-quarter 2026 results on November 24, 2026.

Xiaomi Corp., KYG9830T1067, Illustration mit AI erstellt.

Xiaomi Corporation (ISIN KYG9830T1067) was given a lower Macquarie price target of HKD 54.00 on October 27, 2026, down from HKD 54.20. GMT EIGHT reported that Macquarie expects electric vehicle revenue to double in 2026 while cutting its smartphone sales forecast by 13 percent.

Macquarie trims its target

The revision leaves the analyst view balanced rather than uniformly bullish. Macquarie cited new vehicle launches and Xiaomi's Internet of Things expansion as support, while higher memory costs and weaker smartphone volumes remain pressure points.

What does the target cut mean?

Xiaomi's second-quarter 2026 results show why the debate is shifting toward mix and margins. Total revenue was RMB 108.9 billion, adjusted net profit was RMB 6.2 billion and gross margin was 19.8 percent, according to the Yahoo Finance transcript. Smart EV, artificial intelligence and other new initiatives generated RMB 24.9 billion, up 17.1 percent year over year, but the segment posted an operating loss of RMB 2.6 billion.

Three dates frame the debate

On August 18, 2026, Xiaomi reported second-quarter revenue of RMB 108.9 billion. On October 12, 2026, UOB Kay Hian cited 70,000 locked SkyNomad orders and kept a Hold rating with a HKD 27.60 target. On October 27, 2026, Macquarie cut its target from HKD 54.20 to HKD 54.00.

Next reporting date is November 24

Barron's lists November 24, 2026, as Xiaomi's next reporting date for third-quarter 2026 results. The date gives investors a defined checkpoint for smartphone demand, vehicle deliveries and the profitability of newer businesses.

Stock price and market value

Xiaomi's market capitalization stood at EUR 74.9 billion on October 27, 2026, while its 52-week range was EUR 2.36 to EUR 5.12. The current quotation is therefore near the lower end of its annual range, keeping the next results focused on whether vehicle growth can offset smartphone pressure.

Xiaomi stock was trading at EUR 2.93 at Lang & Schwarz on October 27, 2026, at 9:15 a.m. CET. The further course of trading is shown by the continuously updated real-time quote of Xiaomi stock.