XOS (NASDAQ:XOS) Posts Earnings Results, Beats Expectations By $0.29 EPS

XOS (NASDAQ:XOS) announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.29, FiscalAI reports. The company had revenue of $11.23 million during the quarter, compared to analyst estimates of $6.22 million. XOS had a negative return on equity of 86.90% and a negative net margin of 39.13%.

Here are the key takeaways from XOS’s conference call:

• Xos reported a strong Q1 2026, with revenue rising to $11.2 million from $5.9 million a year ago and unit deliveries increasing to 95 units, driven by a larger mix of Hub and powertrain shipments.
• The company posted record gross margins, with GAAP gross margin at 38.6% and non-GAAP gross margin at 37.8%, reflecting improved product mix, cost discipline, and inventory management.
• Xos said the Hub is becoming a major growth driver, citing strong demand from new customer segments such as data centers, municipal, federal, and defense applications, with plans to expand the product and begin shipping to Europe later this year.
• Operational performance improved meaningfully, including the lowest quarterly operating loss since going public, reduced cash usage, and lower inventory, showing progress toward a more self-sustaining business model.
• Management reaffirmed full-year 2026 guidance for revenue of $40 million-$50 million, unit deliveries of 350-500, and a non-GAAP operating loss of $11.9 million-$13.3 million, while noting that unit mix and second-half demand remain uncertain.

XOS Trading Down 4.4%

Shares of XOS opened at $2.83 on Friday. XOS has a twelve month low of $1.60 and a twelve month high of $8.27. The company has a market cap of $34.30 million, a P/E ratio of -1.43 and a beta of 1.81. The company has a current ratio of 1.89, a quick ratio of 0.90 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $2.57 and its 200-day simple moving average is $2.27.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered XOS from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.00.

Insider Activity at XOS

In related news, major shareholder Emerald Green Trust sold 280,040 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $5.24, for a total transaction of $1,467,409.60. Following the transaction, the insider directly owned 1,161,229 shares in the company, valued at approximately $6,084,839.96. This represents a 19.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 416,343 shares of company stock worth $2,246,838. 20.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of XOS. Two Sigma Investments LP bought a new stake in shares of XOS during the 3rd quarter worth approximately $331,000. DRW Securities LLC purchased a new stake in XOS in the fourth quarter worth $33,000. Geode Capital Management LLC lifted its position in shares of XOS by 29.9% during the fourth quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock worth $129,000 after purchasing an additional 16,357 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of XOS during the third quarter worth $27,000. Hedge funds and other institutional investors own 12.86% of the company’s stock.

About XOS

Xos, Inc (NASDAQ: XOS) is a U.S.-based manufacturer of commercial electric vehicles, offering Class 5 through Class 8 electric trucks, chassis and proprietary battery systems. The company’s core business spans vehicle design, powertrain integration, battery management and telematics, aimed at supporting last-mile delivery, beverage distribution and vocational fleets. Xos combines modular vehicle architectures with advanced software to deliver route-optimized performance and zero-emission operation for commercial customers.

Founded in 2016 as a spin-off from a specialty vehicle division, Xos designs, engineers and assembles its electric trucks at a manufacturing facility in Morristown, Tennessee, while maintaining research and development operations in California.