Zeekr Group's Q3 2025 Earnings Outlook: Assessing Growth Momentum and Investor Positioning Ahead of the November 17 Report

Zeekr Group, a leading player in the new energy vehicle (NEV) sector, is poised to release its Q3 2025 unaudited financial results on November 17, 2025, according to Zeekr's press release. The company's performance in the first half of 2025 has been marked by robust delivery growth, margin expansion, and a narrowing net loss, all of which position it as a focal point for investors navigating the volatile EV market. This analysis evaluates Zeekr's operational momentum, financial forecasts, and investor sentiment ahead of its critical earnings report.

Operational Momentum: Deliveries and Margin Expansion

Zeekr's Q2 2025 results underscored its ability to scale production and improve profitability. Total vehicle deliveries surged to 130,866 units, a 9.3% year-over-year increase, with the Lynk & Co brand accounting for 81,529 units and 58.8% of these being NEVs, as reported in Zeekr's Q2 results. Financially, the company achieved a 20.6% gross margin, up from 11.5% in Q2 2024 and 17.3% in Q1 2025, driven by higher vehicle margins and cost optimization, per its TipRanks profile. This trend continued into September 2025, where deliveries reached 51,159 units, reflecting an 8.5% year-over-year increase according to Zeekr's September delivery update. Analysts attribute this momentum to Zeekr's dual-brand strategy and its pivot toward premium hybrid models like the Zeekr 9X, as noted in Morningstar's review.

Financial Forecasts: Revenue and Earnings Expectations

Analysts project mixed results for Q3 2025. Revenue is expected to range between $4.53 billion and $4.95 billion, with a consensus estimate of $4.74 billion, according to MarketBeat's earnings calendar. However, earnings per share (EPS) are forecast to remain negative at -$0.23, reflecting ongoing R&D and expansion costs (MarketBeat's estimate). These expectations contrast with Zeekr's historical growth rates: annual revenue growth of 24.5% and earnings growth of 56.1%, per a Simply Wall St forecast. While the Q3 EPS miss may concern short-term investors, the broader trajectory suggests a path to profitability, particularly as gross margins stabilize above 20%, as shown in Zeekr's FY2024 report https://ir.zeekrgroup.com/2025-03-20-Zeekr-Group-Reports-Fourth-Quarter-and-Full-Year-2024-Unaudited-Financial-Results.

Investor Sentiment: A Cautious Optimism

Investor positioning ahead of the November 17 report reveals a nuanced outlook. ZEEKR Intelligent Technology (ZK) has gained 6% year-to-date as of October 2025, with a 2.84% monthly increase, according to the MarketBeat chart https://www.marketbeat.com/stocks/NYSE/ZK/chart/. Short interest in the stock declined by 1.07% in September 2025, signaling improving sentiment, per MarketBeat's stock page. Analysts have assigned a "Buy" consensus rating, citing Zeekr's product pipeline and market share gains in a Sahm Capital note. However, the stock remains undervalued relative to its fair value estimate of $37.52, compared to a current price of $30.48, according to the FT Markets summary. This discount reflects lingering concerns about margin pressures and competition from Tesla and BYD.

Strategic Catalysts and Risks

Zeekr's upcoming product launches, including the Zeekr 9X and 8X models, could drive further demand in the premium EV segment, as discussed in an InvestorsHangout analysis. These vehicles feature advanced Super Hybrid Technologies, aligning with global trends toward electrification and fuel efficiency, according to Reportify filings. Conversely, risks include rising battery costs and regulatory scrutiny in key markets like Europe and the U.S. The November 17 earnings report will be critical in validating whether Zeekr's strategic initiatives are translating into sustainable profitability.

Conclusion

Zeekr Group's Q3 2025 earnings report arrives at a pivotal moment for the company. With deliveries and margins trending upward, the firm appears to be navigating the EV industry's challenges more effectively than its peers. However, the path to profitability remains contingent on executing its product roadmap and managing cost structures. Investors will scrutinize the November 17 results for clarity on whether Zeekr can maintain its growth momentum amid macroeconomic headwinds. For now, the stock's valuation and strategic momentum suggest a cautiously optimistic outlook.