Quarterly ResultJun 8, 2026, 07:36 AM
VinFast Q1 2026 Revenue $920.7M; Net Loss $1.12B
AI Summary
VinFast Auto Ltd. reported its unaudited first quarter 2026 financial results, with total revenues reaching VND 23,111.1 billion (US$920.7 million), an increase of 41.7% year-over-year but a decrease of 41.0% quarter-over-quarter. EV deliveries were 58,577 units, up 61% YoY but down 32% QoQ. The company reported a net loss of VND 28,108.0 billion (US$1,119.8 million), an increase of 58.9% YoY, and a gross loss of VND 17,004.9 billion with a negative gross margin of 73.6%. Key business updates include a framework agreement to supply GSM with up to 5 million vehicles and plans to split and divest subsidiary VFTP. VinFast reiterated its full-year EV delivery target of at least 300,000 units.
Key Highlights
- VinFast Q1 2026 EV deliveries were 58,577 units, up 61% YoY but down 32% QoQ.
- Total revenues reached VND 23,111.1 billion (US$920.7 million), up 41.7% YoY but down 41.0% QoQ.
- Gross loss widened to VND 17,004.9 billion (US$677.4 million) with gross margin at -73.6%.
- Net loss increased to VND 28,108.0 billion (US$1,119.8 million), up 58.9% YoY.
- Basic and diluted net loss per share was VND 11,994 (US$0.48).
- VinFast reiterates full-year 2026 EV delivery target of at least 300,000 units.
- Signed a framework agreement to supply Green and Smart Mobility (GSM) with up to 1 million EVs and 4 million e-scooters by 2030.
- Announced plans to split and divest certain assets of subsidiary VFTP for approximately VND 13,309.6 billion (US$530 million).
Price Impact
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