EHang Holdings Stock Falls Amid Q2 Earnings Report

EHang Holdings reported Q2 revenue of RMB147.2m ($20.54m) and adjusted net income of RMB9.4m ($2.00m). The company delivered 68 eVTOL aircraft, up from 49 in the prior year's quarter. EHang lowered its FY25 revenue guidance to approximately RMB500m ($69.8m). The stock price fell 5.06% to $16.86.

Title: EHang Holdings Reports Q2 2025 Earnings; Adjusted FY25 Revenue Guidance

EHang Holdings Limited (NASDAQ: EH) reported its financial results for the second quarter of 2025, highlighting a robust performance with a 44% year-over-year (YoY) revenue increase to RMB 147.2 million, translating to approximately $20.54 million. The company's adjusted net income for the quarter stood at RMB 9.4 million, or about $2.00 million. EHang delivered 68 electric vertical takeoff and landing (eVTOL) aircraft, up from 49 units in the prior year's quarter [1].

The company's stock price experienced a slight decline following the earnings report, falling by 5.06% to $16.86. This drop may be attributed to the company's adjusted full-year 2025 revenue guidance, which was lowered to approximately RMB 500 million, or around $69.8 million. This adjustment reflects a strategic shift towards prioritizing safety and operational readiness, particularly following the issuance of the operational certificate (OC) [2].

EHang's Chief Financial Officer, Conor Yang, emphasized that the company remains confident in achieving its full-year revenue target despite the moderated pace of order deliveries in the second half of the year. The company plans to continue expanding its global footprint, with ongoing partnerships and demo flights in countries like Thailand and the UAE. Additionally, EHang is working towards obtaining type certifications in regions such as Latin America and the Middle East, aiming to bolster its international presence [1].

The company's operational focus is on the development and commercialization of the VT35 model, with a strong emphasis on safety and regulatory compliance. EHang has also signed a strategic partnership with the Hefei government to support its expansion efforts. The company's operational capacity is being scaled through the construction of new facilities in Yunfu, Fangcheng, Hefei, and Weihai, with a target to reach a production capacity of 1,000 units per year by the end of 2025 [2].

In conclusion, while EHang Holdings reported strong financial results for Q2 2025, the adjusted revenue guidance for the full year reflects the company's strategic shift towards prioritizing safety and operational readiness. The company remains optimistic about its growth prospects, particularly for 2026, when it expects significantly faster growth.

References
[1] https://seekingalpha.com/article/4816892-ehang-holdings-limited-eh-q2-2025-earnings-call-transcript
[2] https://www.ainvest.com/news/ehang-q2-2025-earnings-call-contradictions-emerge-revenue-guidance-certification-timelines-overseas-expansion-strategies-2508/