Quarterly ResultAug 12, 2026, 09:28 AM
WeRide Q2 Revenue Up 82.2% to $34.2M; Gross Margin 37.5%
AI Summary
WeRide Inc. announced its unaudited Q2 and first half 2026 financial results, reporting an 82.2% year-over-year increase in total revenue to $34.2 million for Q2, driven by strong growth in both L4 and L2++/L3 businesses. The company expanded its gross margin to 37.5% and narrowed its loss for the period. Operationally, WeRide accelerated its European expansion with new robotaxi deployments in Spain, Switzerland, and Denmark, while also enhancing domestic robotaxi efficiency and launching new AI and hardware innovations.
Key Highlights
- Q2 2026 total revenue increased by 82.2% YoY to $34.2 million.
- Gross margin expanded to 37.5% in Q2 2026 from 28.1% in Q2 2025.
- L4 business revenue grew 47.3% YoY to $18.5 million in Q2 2026.
- L2++/L3 business revenue surged by 2,593.8% YoY in Q2 2026.
- Global L4 fleet comprised approximately 3,400 vehicles as of July 31, 2026.
- Domestic robotaxi average daily rides per vehicle increased 24% QoQ to over 21.
- Cash and cash equivalents totaled $792.2 million as of June 30, 2026.
- Q2 2026 loss for the period narrowed to $59.1 million from $59.9 million YoY.
Price Impact
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