Xiaomi reports Q2 revenue down 6.1% YoY to ~$16.2B and net income down 21% to ~$1.4B, above est., amid a persistent memory shortage and weaker smartphone demand (Bloomberg)

Techmeme — Aug 18, 11:15 AM

https://www.techmeme.com/260818/p13#a260818p13" title="Techmeme permalink">http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /> https://www.bloomberg.com/">Bloomberg:

https://www.bloomberg.com/news/articles/2026-08-18/xiaomi-profit-falls-after-memory-crunch-hits-smartphone-demand">Xiaomi reports Q2 revenue down 6.1% YoY to ~$16.2B and net income down 21% to ~$1.4B, above est., amid a persistent memory shortage and weaker smartphone demand — Xiaomi Corp. posted profit that fell less than expected, raising hopes it can weather a persistent memory shortage that's weakened demand for smartphones.