Li Auto Races Expectations with Triple-Digit Revenue Growth, Vehicle Deliveries Soar in Q3
Portfolio Pulse from Anusuya Lahiri
Li Auto Inc (NASDAQ: LI) reported Q3 FY23 revenue growth of 271.2% YoY to $4.75 billion, beating the consensus of $4.59 billion. Vehicle sales increased 271.6% to $4.61 billion, mainly due to the increase in vehicle deliveries. Total vehicle deliveries were 105,108 units in Q3, a 296.3% YoY increase. The company expects Q4 FY23 revenue of $5.27 billion - $5.40 billion, representing an increase of 117.9% - 123.1% YoY.
November 09, 2023 | 2:03 pm
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Li Auto's Q3 FY23 results exceeded expectations with significant revenue growth and vehicle sales. The company's outlook for Q4 FY23 also indicates continued growth.
Li Auto's Q3 FY23 results exceeded market expectations, with significant increases in revenue and vehicle sales. This positive performance, along with a strong Q4 outlook, is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100