Xos launches Power Hub, updates 2026 revenue guidance

Xos (NASDAQ: XOS ) held its second-quarter earnings conference call on Thursday.

Below is the complete transcript from the call.

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Access the full call at Summary Xos Inc launched the Power Hub, expanding its focus from electric vehicles to power infrastructure, with significant opportunities in data centers and the AI economy.

Quarterly deliveries were lighter than expected at 30 units, generating $4.7 million in revenue, with delays attributed to customer deferrals.

The company anticipates fulfilling these orders over the next year.

Despite lower deliveries, the company achieved its highest first-half GAAP gross margin at 31%, with a strong non-GAAP gross profit improvement due to a favorable product mix and cost efficiencies.

The company expanded its product line with the Power Hub Series, offering mobile, containerized battery energy storage solutions, and anticipates strong demand from data centers, public sector, and defense customers.

Xos reduced operating expenses by 9% year-over-year while improving operating loss by 23% in the first half, and raised $7.6 million to strengthen its liquidity position.

Full-year guidance was revised with expected revenue of $35 to $43 million and unit deliveries between 250 to 350 units, reflecting shifts in expected product mix and volumes.

Full Transcript OPERATOR Welcome to the Xos second quarter 2026 earnings call.

At this time, all participants are in listen-only mode.

Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

After today's prepared remarks, there will be an opportunity to ask questions.

To ask a question, please press star then one on your telephone keypad.

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Please note, this event is being recorded.

I would now like to turn the conference over to David Zlatcu, General Counsel.

Please go ahead.

David Zlatcu, General Counsel Thank you all for joining us today.

Hosting the call with me are our Xos Chief Executive Officer, Dakota Semmler; Xos Chief Operating Officer, Giordano Sordoni; and Xos's Chief Financial Officer, Liana Pogosian.

Today, after the close of regular trading, Xos issued its second quarter 2026 earnings press release.

As you listen to today's conference call, we encourage you to have our press release in front of you, which includes our financial results as well as commentary on the quarter ended June 30, 2026.

Management's statements today reflect management's views as of today, August 13, 2026, only, and will include forward-looking statements, including statements regarding our fiscal year 2026, management's expectations for future financial and operational performance, and other statements regarding our plans, prospects, and expectations.

These statements are not promises or guarantees and are subject to risks and uncertainties which could cause them to differ materially from actual results.

Please refer to today's press release and our filings with the SEC, including our most recently filed Annual Report on Form 10-K and subsequent filings, for a more detailed discussion of important factors that could cause actual results to differ materially from these forward-looking statements.

Such factors include, but are not limited to, Xos's ability to access capital when needed and continue as a going concern; Xos's ability to implement business plans and identify and realize opportunities; potential supply chain disruptions and/or economic downturns resulting from trade policies, tariffs, international conflicts and tensions, and/or shortages of access to oil, energy, and other key industrial inputs.

We undertake no obligation to update forward-looking statements except as required by law.

You should not put undue reliance on forward-looking statements.

Further, today's presentation includes references to non-GAAP financial measures and performance metrics.

Additional information about these non-GAAP measures, including reconciliations of historical non-GAAP measures to the comparable GAAP measures, is included in the press release we issued today.

Our press release and SEC filings are available on the investor relations section of our website at investor overview.

With that, I now turn it over to our CEO, Dakota.

Dakota Semler, CEO Thanks, David, and thank you, everyone, for joining us on the call.

Every company has a handful of quarters that redraw the boundaries of what it can become.