Viomi Technology (VIOT) Q2 2026 earnings summary

Executive summary

• Net revenues for the first half of 2026 were RMB740.0 million (US$109.1 million), down 49.9% year-over-year due to the phase-out of national subsidies and a high base effect from 2025.

• Net loss attributable to ordinary shareholders was RMB26.3 million, compared to net income of RMB120.4 million in the prior year period.

• Strategic focus remained on overseas expansion, R&D investment, and operational efficiency despite temporary headwinds.

Financial highlights

• Gross profit was RMB177.7 million (US$26.2 million), with a gross margin of 24.0%, down from 26.5% year-over-year.

• Operating expenses decreased 12.2% to RMB247.0 million, with reductions in selling, marketing, and G&A expenses.

• Loss from operations was RMB50.7 million, compared to income from operations of RMB118.8 million in the prior year.

• Non-GAAP net loss attributable to ordinary shareholders was RMB19.6 million, versus non-GAAP net income of RMB127.6 million a year ago.

• Cash and cash equivalents as of June 30, 2026, were RMB603.8 million (US$89.0 million).

Outlook and guidance

• Focus for the second half of 2026 includes targeted overseas expansion, broadening the strategic client base, and improving operational efficiency to return to profitability.