Analyst Consensus ?
ConsensusHold16 ratings
Bullish743.8%
Neutral850.0%
Bearish16.2%
Li Auto Inc. · LI · FY2024 Q4 · Calendar Q1 2025
Li Auto’s EV Expansion Carries Growth and Margin Tests
Management’s growth case rests on BEV launches, autonomous-driving development, charging expansion and overseas growth. The evidence is constructive, but margin pressure, competition and execution remain material tests.
Reported Before market openNASDAQConsumer Cyclical
$11.35B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $2.84
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $5.90B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-4.0%
Event window
SPY move
-0.5%
Same window
Abnormal move
-3.6%
Stock minus SPY
Volume
1.1×
Versus trailing sessions
Subsequent drift
-0.7%
Up to 20 sessions
LISPY benchmark
Ask FN2 about LI FY2024 Q4
Transcript, numbers and history already loaded
What drove LI's -4.0% move after FY2024 Q4 earnings?What changed in LI's guidance and outlook in FY2024 Q4?Give me the bull and bear case for LI after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis adds emphasis on the Li i8 and Li i6 launches, AD Max V13, charging buildout and overseas expansion, while also highlighting lower vehicle margin and average selling price.
Guidance delta
Guidance sentiment was maintained in the supplied current and prior-quarter analyses; no quantified guidance change is provided.
Key takeaways
- Management highlighted record 2024 deliveries above 500,000 vehicles and a solid cash position.
- The growth plan centers on the Li i8 and Li i6 BEV launches, autonomous-driving development and charging-network expansion.
- Overseas expansion includes a Munich R&D center and service hubs in Kazakhstan, Dubai and Uzbekistan.
- The constructive product and technology outlook is balanced by lower vehicle margin and average selling price, intense competition and execution risk.
Management priorities
- Launch the Li i8 and Li i6 BEV SUVs.
- Advance AD Max V13 and next-generation VLA autonomous-driving capabilities.
- Expand the supercharging network and sales and service coverage.
- Build overseas R&D, service and market presence.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$11.39Current
$13Low
$26.55Average
$105High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 25, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Piper Sandler | Neutral | Neutral | Maintain | Aug 27, 2026 |
| HSBC | Hold | Hold | Maintain | Jun 10, 2026 |
| Macquarie | Neutral | Underperform | Upgrade | May 29, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | May 29, 2026 |
| JP Morgan | Underweight | Underweight | Maintain | Mar 13, 2026 |
| Jefferies | Hold | Buy | Downgrade | Jan 23, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Jan 15, 2026 |
| Freedom Broker | Buy | Buy | Maintain | Jan 7, 2026 |
| China Renaissance | Hold | Buy | Downgrade | Dec 1, 2025 |
| Bernstein | Market Perform | Market Perform | Maintain | Aug 29, 2025 |
| B of A Securities | Buy | Buy | Maintain | Aug 29, 2024 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 21, 2024 |
| Deutsche Bank | Buy | Hold | Upgrade | Feb 6, 2024 |
| UBS | Buy | Buy | Maintain | Apr 5, 2022 |
| Needham | Buy | Buy | Maintain | Dec 7, 2021 |
| Nomura Instinet | Buy | Buy | Maintain | Oct 14, 2021 |
Named analyst price targets
Upside is calculated against the persisted current price $11.39. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Piper Sandler | Analyst unavailable | $13 | $12.14 | +14.1% | Aug 27, 2026 |
| Bernstein | Eunice Lee | $14.5 | $12.14 | +27.3% | Aug 26, 2026 |
| US Tiger Securities | Bo Pei | $16 | $12.32 | +40.5% | Aug 26, 2026 |
| HSBC | Yuqian Ding | $15.6 | $14.11 | +37.0% | Jun 10, 2026 |
| Barclays | Jiong Shao | $14 | $15.54 | +22.9% | May 29, 2026 |
| Monness | Analyst unavailable | $18 | $15.56 | +58.0% | May 28, 2026 |
| Morgan Stanley | Tim Hsiao | $22 | $17.46 | +93.2% | Mar 27, 2026 |
| Bernstein | Eunice Lee | $19 | $17.29 | +66.8% | Mar 13, 2026 |
| Jefferies | Analyst unavailable | $17.5 | $16.69 | +53.6% | Jan 23, 2026 |
| Macquarie | Analyst unavailable | $15 | $16.39 | +31.7% | Jan 15, 2026 |
| Piper Sandler | Alexander Potter | $19 | $16.94 | +66.8% | Jan 8, 2026 |
| HSBC | Analyst unavailable | $18.6 | $17.44 | +63.3% | Dec 3, 2025 |
| Piper Sandler | Analyst unavailable | $18 | $18.39 | +58.0% | Dec 1, 2025 |
| Barclays | Analyst unavailable | $18 | $18.39 | +58.0% | Dec 1, 2025 |
| Goldman Sachs | Tina Hou | $27 | $18.39 | +137.1% | Dec 1, 2025 |
| US Tiger Securities | Bo Pei | $24 | $18.43 | +110.7% | Nov 28, 2025 |
| Daiwa | Analyst unavailable | $30.5 | $24.1 | +167.8% | Sep 3, 2025 |
| Bernstein | Analyst unavailable | $25 | $23.26 | +119.5% | Aug 29, 2025 |
| Barclays | Jiong Shao | $24 | $23.26 | +110.7% | Aug 28, 2025 |
| Macquarie | Eugene Hsiao | $21 | $24.06 | +84.4% | Aug 22, 2025 |
| Bernstein | Eunice Lee | $26 | $24.05 | +128.3% | Aug 19, 2025 |
| HSBC | Analyst unavailable | $38.5 | $27.56 | +238.0% | Mar 6, 2025 |
| CFRA | Aaron Ho | $15 | $24.65 | +31.7% | Nov 4, 2024 |
| Macquarie | Eugene Hsiao | $33 | $28.82 | +189.7% | Oct 4, 2024 |
| Citigroup | Jeff Chung | $29.6 | $25.78 | +159.9% | Sep 30, 2024 |
| Citigroup | Jeff Chung | $25.5 | $24.46 | +123.9% | Sep 24, 2024 |
| Citigroup | Jeff Chung | $21.6 | $18.92 | +89.6% | Sep 4, 2024 |
| Bank of America Securities | Ming Hsun Lee | $31 | $17.8 | +172.2% | Aug 29, 2024 |
| Goldman Sachs | Tina Hou | $43.6 | $21.14 | +282.8% | May 21, 2024 |
| Morgan Stanley | Tim Hsiao | $53 | $21.08 | +365.3% | May 21, 2024 |
| Barclays | Jiong Shao | $22 | $21.06 | +93.2% | May 21, 2024 |
| CFRA | Aaron Ho | $18 | $21.64 | +58.0% | May 20, 2024 |
| US Tiger Securities | Bo Pei | $30 | $21.65 | +163.4% | May 20, 2024 |
| Morgan Stanley | Tim Hsiao | $65 | $30.5 | +470.7% | Mar 25, 2024 |
| Barclays | Jiong Shao | $39 | $30.5 | +242.4% | Mar 22, 2024 |
| Morgan Stanley | Tim Hsiao | $74 | $31.53 | +549.7% | Mar 21, 2024 |
| Bernstein | Eunice Lee | $52.5 | $36.43 | +360.9% | Mar 7, 2024 |
| Goldman Sachs | Adam Samuelson | $105 | $43.54 | +821.9% | Mar 4, 2024 |
| Deutsche Bank | Edison Yu | $41 | $30.95 | +260.0% | Feb 6, 2024 |
| Jefferies | Analyst unavailable | $20.66 | $17.3 | +81.4% | Nov 28, 2022 |
| US Tiger Securities | Bo Pei | $40 | $19.78 | +251.2% | May 10, 2022 |
| Morgan Stanley | Tim Hsiao | $49 | $22.17 | +330.2% | Mar 13, 2022 |
| Bernstein | Eunice Lee | $43 | $33.41 | +277.5% | Oct 28, 2021 |
| Nomura | Martin Heung | $43.4 | $29.45 | +281.0% | Oct 14, 2021 |
| Deutsche Bank | Edison Yu | $32 | $29.03 | +180.9% | Aug 30, 2021 |
| Credit Suisse | Bin Wang | $41 | $32.67 | +260.0% | Jul 5, 2021 |
Track every rating change on LI the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationLi Auto Inc. is a prominent player in the rapidly expanding new energy vehicle market within the People's Republic of China. The company's operations span the entire lifecycle of high-end intelligent electric vehicles, from their initial design and development to manufacturing and eventual sale. Its diverse product portfolio primarily consists of multi-purpose vehicles (MPVs) and sport utility vehicles (SUVs). The company engages directly with customers through a blend of digital platforms and traditional brick-and-mortar channels, providing comprehensive sales and post-purchase management services. Originally founded in 2015 as Leading Ideal Inc., the company officially adopted its current name, Li Auto Inc., in July 2020. Its corporate headquarters are situated in Beijing, China.
Historical context
All LI earningsConsumer Cyclical peers this season
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|---|---|---|---|---|
| DECK Deckers Outdoor Corporation | FY2027 Q2 · Calendar Q4 2026 | +13.4% | -0.2% | Deckers raises FY2027 outlook as HOKA and UGG drive growth |
| TSCO Tractor Supply Company | FY2026 Q3 · Calendar Q4 2026 | +5.3% | +6.2% | Tractor Supply Q3: Pet and Digital Momentum Supports Margin Plan |
| PHM PulteGroup, Inc. | FY2026 Q3 · Calendar Q4 2026 | -4.5% | +5.8% | PulteGroup Holds Guidance as Buyer Traffic Slows |
| PKG Packaging Corporation of America | FY2026 Q3 · Calendar Q4 2026 | +3.8% | +4.2% | PCA beats Q3 expectations as Greif synergies offset cost pressure |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the LI recap when the next report posts
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-02-10T00:02:09.030919+00:00
- Polygon adjusted daily market bars · 2026-10-25T21:10:41.871605+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-25T21:10:41.868832+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-25. For educational purposes only; not investment advice.