ECARX Reports $156 Million Q2 Revenue
ECARX(NASDAQ:ECX) reported earnings on August 26, 2025, posting revenue of $156 million and shipping 532,000 units despite seasonal headwinds. The company achieved a 20% year-over-year reduction in operating expenses, secured over $1 billion in lifetime overseas contract value, and reiterated guidance for adjusted EBITDA (non-GAAP) breakeven for each remaining quarter. Key insights below explore revenue composition shifts, global customer diversification, and R&D commercialization beyond automotive.
In-house developed Antora, Venato, and Skyland platforms more than doubled their contribution to total sales of goods revenue versus the previous year, reaching 56% compared to 28% a year earlier. Software license revenue fell 85% year-over-year to $1.2 million, while the gross margin (GAAP) dropped 12 percentage points year-over-year to 11% amid price reductions intended to accelerate platform adoption.
-- Phil Zhou, Chief Financial Officer
Source Fool.com
