Xos, Inc. (XOS) Reports Third Straight Quarter of Positive GAAP Gross Profit

Xos reported its third consecutive quarter of positive GAAP gross profit. Nine-month GAAP gross margin rose to 26.9% from 13.3% a year earlier; the company revised its 2026 outlook due to results to date and changed fourth-quarter product mix and volume expectations following order revisions.Materi…