Viomi Technology Falls Short of Expectations in Q2 2025, Announces Special Dividend

Viomi Technology (NASDAQ: VIOT) reported Q2 2025 results that missed expectations due to a shift in demand driven by the Chinese government's water purification subsidy program. Total revenues for H2 2025 were RMB 951 million ($136 million), down 24% YoY and 36% sequentially. The company's relationship with Xiaomi remains vital, but the reliance on Xiaomi poses a significant risk for investors. We are introducing a 2027 revenue estimate of RMB 2.1 billion and expect the company to possibly exceed this forecast with successful international growth.