EHang withdraws 2026 revenue forecast after Q2 results and China incident

On Tuesday, EHang Holdings (NASDAQ: EH ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

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View the webcast at Summary EHang Holdings reported Q2 2026 revenues of 77.9 million RMB, a significant sequential increase from Q1 2026 but down year-over-year due to lower EH216 series sales.

The company is transitioning from certification to operational readiness and global expansion, with strategic emphasis on building an end-to-end operational capability and replicable solutions.

Regulatory delays have impacted the timeline for domestic passenger-carrying commercial operations, leading to the withdrawal of 2026 annual revenue guidance.

EHang is focusing on global expansion, with operations in 23 countries and plans to secure commercial operation certificates in Thailand by year-end.

The company is diversifying revenue streams by developing non-passenger businesses such as logistics and firefighting, with aerial media revenue surging over 270% year-over-year.

Operational efficiency improvements are underway, including streamlining the organization and cutting non-essential capex, with outcomes expected in the second half.

Despite regulatory challenges, EHang remains focused on long-term growth and maintains a positive outlook on the future commercialization of pilotless urban air mobility.

Full Transcript OPERATOR Ladies and gentlemen, thank you for standing by and welcome to the EHang Holdings second quarter 2026 earnings conference call.

Please note that management's prepared remarks and the subsequent Q&A session will be primarily conducted in Chinese, and the corresponding simultaneous or consecutive interpretation can be accessed on the English line.

As a reminder, all translations are for convenience purposes only.

In case of any discrepancy, the management statement in the original language will prevail.

To listen to the original remarks by management, please join the Chinese line.

Additionally, both the Chinese and English lines are open for questions, and today's call is being recorded.

Now I will turn the call over to EHang's Senior Director of Investor Relations, Ms.

Anne.

Please proceed.

Hello everyone.

Thank you all for joining us on today's conference call to discuss the Company's financial results for the second quarter of 2026.

The earnings release is available on the Company's IR website.

Please note the conference call is being recorded and the audio replay will be posted on the Company's IR website.

On the call today we have Mr.

Hua Zhi, our founder, chairman, and CEO; Mr.

Peng Shuai, CTO; Mr.

Wang Zhao, COO; and Connor Yang, CFO.

Before we continue, please note that today's discussion may contain forward-looking statements made pursuant to the safe harbor provisions of the U.S.

Private Securities Litigation Reform Act of 1995.

Forward-looking statements involve inherent risks and uncertainties.

As such, the Company's actual results may be materially different from the expectations expressed today.

Further information regarding these and other risks and uncertainties is included in the Company's public filings with the SEC.

The Company does not assume any obligation to update any forward-looking statements except as required by law.

Also, please note that all numbers are presented in RMB for the second quarter of 2026 unless stated otherwise.

With that, I'll turn the call to our CEO, Mr.