ECARX Posts Third Consecutive Quarter of Profitability, Q1 2026 Revenue Hits $131.5 Million

ECARX Holdings Co., Ltd. (Nasdaq: ECX) has released its financial results for the first quarter ended March 31, 2026. The report shows that the company generated revenue of $131.5 million in Q1, with adjusted EBITDA (non-GAAP) of $4 million and a gross margin of 21.4%, an increase of 1.4 percentage points year-over-year. The company has now achieved overall profitability for three consecutive quarters. Shen Ziyu, Founder and CEO of ECARX, stated that the continued operational improvement stems from product portfolio upgrades, enhanced operational efficiency, and global business expansion. Recently, the company separated the roles of Chairman and CEO, appointing Lone Fønss Schrøder as Chair of the Board and Dylan D. Jeng as Chief Financial Officer, to strengthen its international governance structure. Globalization remains one of the company’s core strategic priorities. Its Singapore operations center is now fully operational, and the company continues to deepen its presence in Europe, the Americas, and Southeast Asia, building a globally integrated capability for R&D, delivery, and localized services. The joint project with the Volkswagen Group has entered the industrialization phase. Additionally, ECARX is advancing its product architecture toward a central computing platform. Its Zenith platform marks a strategic upgrade from distributed domain controllers to an AI-powered central computing platform, aimed at strengthening the company’s technological competitiveness in high-value intelligent vehicle computing.