Li Auto Inc. (NASDAQ:LI) Earnings Report Highlights

• Li Auto reported earnings per share of $0.33, surpassing the estimated $0.16.
• The company's revenue was $3.53 billion, below the expected $4.83 billion.
• Li Auto delivered 92,864 vehicles in the first quarter, exceeding analysts' forecasts.

Li Auto Inc. (NASDAQ:LI) is a leading Chinese electric vehicle manufacturer known for its innovative approach to the EV market. The company focuses on producing smart electric SUVs and has been gaining traction in the competitive Chinese EV landscape. Li Auto competes with other major players like NIO and XPeng, striving to capture a significant share of the growing EV market.

On May 29, 2025, Li Auto reported earnings per share of $0.33, exceeding the estimated $0.16. However, the company generated revenue of approximately $3.53 billion, falling short of the expected $4.83 billion. This discrepancy highlights the challenges Li Auto faces in meeting revenue expectations despite strong earnings performance.

Li Auto's U.S.-listed shares experienced a decline in premarket trading after the company reported first-quarter profits and projections that did not meet analysts' expectations. The company announced adjusted earnings per American depositary share of 0.96 yuan, equivalent to $0.13, on a revenue of 25.93 billion yuan, or $3.61 billion. Analysts had anticipated earnings of 1.03 yuan and revenue of 25.28 billion yuan.

Despite the earnings miss, Li Auto delivered 92,864 vehicles in the first quarter, surpassing the analysts' forecast of 91,723 units. CFO Tie Li emphasized the company's ability to navigate dynamic market conditions while maintaining strong profitability. Looking ahead, Li Auto expects to deliver between 123,000 and 128,000 vehicles in the second quarter, with revenue projections between 32.5 billion yuan and 33.8 billion yuan, both below Visible Alpha's forecasts.

Li Auto's financial metrics provide insight into its market valuation. The company has a price-to-earnings (P/E) ratio of approximately 13.77, indicating how the market values its earnings. Its price-to-sales ratio stands at about 0.72, suggesting a relatively low valuation compared to its sales. The enterprise value to sales ratio is around 0.38, reflecting the company's total valuation in relation to its revenue.