The earnings call highlighted strong vehicle delivery performance, positive cash flow, and strategic investments, balancing these against revenue declines, increased net losses, and challenges in the European market. The company is focused on international expansion and improving profitability, although it faces sales volume pressures and potential brand cannibalization.

Company Guidance

During NIO's Q3 2024 earnings call, the company provided detailed guidance and insights across various metrics. The company achieved a new quarterly delivery record of 61,855 vehicles, with market share in China's PV segment priced above RMB 300,000 reaching 48%. The ONVO brand initiated deliveries of its L60 model on September 28. In October 2024, NIO delivered 20,976 vehicles, with Q4 delivery guidance set between 72,000 and 75,000 units. Financially, NIO reported Q3 vehicle sales of RMB 16.7 billion, with a vehicle margin improvement to 13.1%. The company also highlighted positive operating cash flow and free cash flow for the quarter. Looking ahead, NIO plans to ramp up monthly production capacity to 10,000 units in December and 20,000 by March. The upcoming NIO Day 2024 will feature the debut of their third brand, Firefly. NIO's global expansion continues, with the first NIO House in the MENA region opening in UAE, and plans to boost international market presence with ONVO and Firefly brands. Additionally, they secured a RMB 3.3 billion investment from strategic investors, underscoring confidence in NIO's industry leadership.

Record Vehicle Deliveries

Achieved a new quarterly record with 61,855 vehicle deliveries, maintaining top position in China's PV segment priced above RMB 300,000 with a market share of 48%.

Improved Vehicle Margin

Vehicle margin improved to 13.1% in Q3 2024, up from 11% in the same period of 2023 and 12.2% last quarter.

Positive Cash Flow

Achieved positive operating cash flow and free cash flow in Q3 2024.

International Expansion

Sales and delivery began in the UAE, with plans to accelerate international market entry in 2025.

Strategic Investment

Secured RMB 3.3 billion from strategic investors, reinforcing the balance sheet.

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Nio (NIO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

NIO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 11, 2025	2024 (Q4)	-0.31 / -	-2.81	―	―	―
Nov 20, 2024	2024 (Q3)	-0.26 / -0.29	-0.312	6.14% (+0.02)	―
Sep 05, 2024	2024 (Q2)	-0.30 / -0.30	-0.449	32.62% (+0.15)	―
Jun 06, 2024	2024 (Q1)	-0.30 / -0.33	-0.344	4.78% (+0.02)	―
Mar 05, 2024	2023 (Q4)	-0.33 / -0.39	-0.421	8.47% (+0.04)	―
Dec 05, 2023	2023 (Q3)	-0.35 / -0.31	-0.289	-8.06% (-0.02)	―
Aug 29, 2023	2023 (Q2)	-0.41 / -0.45	-0.184	-144.78% (-0.27)	―
Jun 09, 2023	2023 (Q1)	-0.38 / -0.34	-0.108	-217.72% (-0.24)	―
Mar 01, 2023	2022 (Q4)	-0.25 / -0.42	-0.147	-186.92% (-0.27)	―
Nov 10, 2022	2022 (Q3)	-0.17 / -0.29	-0.049	-486.11% (-0.24)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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NIO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 20, 2024	$4.63	$4.65	+0.43%
Sep 05, 2024	$4.24	$4.85	+14.39%
Jun 06, 2024	$5.27	$4.91	-6.83%
Mar 05, 2024	$5.33	$5.48	+2.81%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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