Analyst Consensus ?
ConsensusHold16 ratings
Bullish743.8%
Neutral850.0%
Bearish16.2%
Li Auto Inc. · LI · FY2025 Q4 · Calendar Q1 2026
Li Auto pairs channel changes with an AI-led product push
The call supports a measured version of the growth hypothesis: product launches, BEV expansion, channel reform, and AI investment provide potential growth drivers, but evidence of durable earnings improvement still depends on execution, delivery growth, and margin control.
Reported Before market openNASDAQConsumer Cyclical
$11.23B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.04
Consensus $0.03
EPS surprise
+38.1%
Reported versus consensus
Reported revenue
$4.11B
Consensus $4.16B
Revenue surprise
-1.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-2.5%
Event window
SPY move
-1.5%
Same window
Abnormal move
-1.0%
Stock minus SPY
Volume
2.8×
Versus trailing sessions
Subsequent drift
+7.7%
Up to 20 sessions
LISPY benchmark
Ask FN2 about LI FY2025 Q4
Transcript, numbers and history already loaded
Why did LI fall 2.5% after beating EPS estimates in FY2025 Q4?What changed in LI's guidance and outlook in FY2025 Q4?Give me the bull and bear case for LI after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis shifts emphasis toward execution of the store-partner sales model, the L9 Livis launch, BEV ramp-up, and commercialization of the M100 chip. Compared with the prior analysis, the narrative is less about announcing the strategic pivot and more about translating that pivot into sales productivity, product launches, and profitability.
Guidance delta
Maintained. The supplied analysis says management kept its guidance stance, while noting that near-term revenue guidance is lower than the preceding quarter and remains a headwind.
Key takeaways
- Management is using a store-partner model to improve sales productivity and give frontline operators more autonomy.
- The product roadmap centers on the L9 Livis and continued BEV development, with AI features and charging technology positioned as differentiators.
- The company plans to keep R&D focused on AI, including chips, models, and its operating system.
- The thesis is constructive on product and technology execution, but the near-term setup remains dependent on launches, deliveries, and margin discipline.
- The main test is whether the new channel model and product cycle can translate technical investment into sustainable volume and profitability.
Management priorities
- Execute the L9 Livis launch and continue the BEV ramp.
- Develop and deploy the in-house M100 chip and broader embodied-AI stack.
- Improve sales efficiency through the store-partner mechanism and expand overseas operations.
- Maintain substantial R&D investment with a strong AI allocation.
- Manage component costs, supply relationships, and profitability while expanding the product portfolio.
Follow LI with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$10.83Current
$13Low
$26.55Average
$105High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 2, 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 $10.83. 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 | +20.0% | Aug 27, 2026 |
| Bernstein | Eunice Lee | $14.5 | $12.14 | +33.9% | Aug 26, 2026 |
| US Tiger Securities | Bo Pei | $16 | $12.32 | +47.7% | Aug 26, 2026 |
| HSBC | Yuqian Ding | $15.6 | $14.11 | +44.0% | Jun 10, 2026 |
| Barclays | Jiong Shao | $14 | $15.54 | +29.3% | May 29, 2026 |
| Monness | Analyst unavailable | $18 | $15.56 | +66.2% | May 28, 2026 |
| Morgan Stanley | Tim Hsiao | $22 | $17.46 | +103.1% | Mar 27, 2026 |
| Bernstein | Eunice Lee | $19 | $17.29 | +75.4% | Mar 13, 2026 |
| Jefferies | Analyst unavailable | $17.5 | $16.69 | +61.6% | Jan 23, 2026 |
| Macquarie | Analyst unavailable | $15 | $16.39 | +38.5% | Jan 15, 2026 |
| Piper Sandler | Alexander Potter | $19 | $16.94 | +75.4% | Jan 8, 2026 |
| HSBC | Analyst unavailable | $18.6 | $17.44 | +71.7% | Dec 3, 2025 |
| Piper Sandler | Analyst unavailable | $18 | $18.39 | +66.2% | Dec 1, 2025 |
| Barclays | Analyst unavailable | $18 | $18.39 | +66.2% | Dec 1, 2025 |
| Goldman Sachs | Tina Hou | $27 | $18.39 | +149.3% | Dec 1, 2025 |
| US Tiger Securities | Bo Pei | $24 | $18.43 | +121.6% | Nov 28, 2025 |
| Daiwa | Analyst unavailable | $30.5 | $24.1 | +181.6% | Sep 3, 2025 |
| Bernstein | Analyst unavailable | $25 | $23.26 | +130.8% | Aug 29, 2025 |
| Barclays | Jiong Shao | $24 | $23.26 | +121.6% | Aug 28, 2025 |
| Macquarie | Eugene Hsiao | $21 | $24.06 | +93.9% | Aug 22, 2025 |
| Bernstein | Eunice Lee | $26 | $24.05 | +140.1% | Aug 19, 2025 |
| HSBC | Analyst unavailable | $38.5 | $27.56 | +255.5% | Mar 6, 2025 |
| CFRA | Aaron Ho | $15 | $24.65 | +38.5% | Nov 4, 2024 |
| Macquarie | Eugene Hsiao | $33 | $28.82 | +204.7% | Oct 4, 2024 |
| Citigroup | Jeff Chung | $29.6 | $25.78 | +173.3% | Sep 30, 2024 |
| Citigroup | Jeff Chung | $25.5 | $24.46 | +135.5% | Sep 24, 2024 |
| Citigroup | Jeff Chung | $21.6 | $18.92 | +99.4% | Sep 4, 2024 |
| Bank of America Securities | Ming Hsun Lee | $31 | $17.8 | +186.2% | Aug 29, 2024 |
| Goldman Sachs | Tina Hou | $43.6 | $21.14 | +302.6% | May 21, 2024 |
| Morgan Stanley | Tim Hsiao | $53 | $21.08 | +389.4% | May 21, 2024 |
| Barclays | Jiong Shao | $22 | $21.06 | +103.1% | May 21, 2024 |
| CFRA | Aaron Ho | $18 | $21.64 | +66.2% | May 20, 2024 |
| US Tiger Securities | Bo Pei | $30 | $21.65 | +177.0% | May 20, 2024 |
| Morgan Stanley | Tim Hsiao | $65 | $30.5 | +500.2% | Mar 25, 2024 |
| Barclays | Jiong Shao | $39 | $30.5 | +260.1% | Mar 22, 2024 |
| Morgan Stanley | Tim Hsiao | $74 | $31.53 | +583.3% | Mar 21, 2024 |
| Bernstein | Eunice Lee | $52.5 | $36.43 | +384.8% | Mar 7, 2024 |
| Goldman Sachs | Adam Samuelson | $105 | $43.54 | +869.5% | Mar 4, 2024 |
| Deutsche Bank | Edison Yu | $41 | $30.95 | +278.6% | Feb 6, 2024 |
| Jefferies | Analyst unavailable | $20.66 | $17.3 | +90.8% | Nov 28, 2022 |
| US Tiger Securities | Bo Pei | $40 | $19.78 | +269.3% | May 10, 2022 |
| Morgan Stanley | Tim Hsiao | $49 | $22.17 | +352.4% | Mar 13, 2022 |
| Bernstein | Eunice Lee | $43 | $33.41 | +297.0% | Oct 28, 2021 |
| Nomura | Martin Heung | $43.4 | $29.45 | +300.7% | Oct 14, 2021 |
| Deutsche Bank | Edison Yu | $32 | $29.03 | +195.5% | Aug 30, 2021 |
| Credit Suisse | Bin Wang | $41 | $32.67 | +278.6% | 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
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| NKE NIKE, Inc. | FY2027 Q1 · Calendar Q4 2026 | +10.0% | -0.7% | Nike’s performance categories grow as resets weigh on FY27 outlook |
| CCL Carnival Corporation & plc | FY2026 Q3 · Calendar Q3 2026 | +5.9% | +13.4% | Carnival posts record Q3 as demand and efficiency offset fuel costs |
| DRI Darden Restaurants, Inc. | FY2027 Q1 · Calendar Q3 2026 | 0.0% | -3.0% | Darden reaffirms FY2027 outlook as brands deliver mixed comp growth |
| AZO AutoZone, Inc. | FY2026 Q4 · Calendar Q3 2026 | +3.6% | +3.3% | AutoZone pairs commercial momentum with an aggressive FY2027 expansion plan |
| LEN-B Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | — | Lennar: Efficiency Gains Offset Housing-Market Pressures |
| LEN Lennar Corporation | FY2026 Q3 · Calendar Q3 2026 | — | -4.1% | Lennar Holds Volume Guidance as Margins Improve Despite Housing Headwinds |
Latest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the LI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-02T13:06:13.388462+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-02T13:06:13.385665+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 2026-10-02. For educational purposes only; not investment advice.