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Xiaomi reported Q2 2026 financial results with revenue of RMB108.9 billion and adjusted net profit of RMB6.2 billion, highlighting record-high global MAU of 767 million and the debut of Xiaomi SkyNomad in its smart EV business.
Palantir CEO Alex Karp called AI frontier labs 'Marxist' and untrustworthy for enterprises during the company's Q2 2026 earnings, despite record revenue of $1.9 billion, up 93% year-over-year.
Tesla's Q2 2026 revenues grew 26% to $28.2B, but operating expenses rose 47% and profit margins fell to 1.4% as increased spending, including on AI, squeezed profitability.