Xiaomi has published its Q3 2025 financial report and the numbers are glowing – it’s the fourth consecutive quarter with revenue over CNY 100 billion.
Xiaomi’s smartphone business is well established at this point and continues to grow – the company shipped 43.3 million units globally, marking the 9th consecutive quarter of growth. Globally, Xiaomi is in the top 3 and it is #2 in China.
Revenue from the smartphone division was CNY 46 billion. Xiaomi saw high demand for its phones in the CNY 4,000-6,000 segment (which is $560-$845), which accounted for 18.9% of its shipments (up 5.6% year-over-year).
The Xiaomi 17 series has been on sale for a month now and it has beaten the Xiaomi 15 numbers by almost 30%. Interestingly, the Xiaomi 17 Pro and 17 Pro Max account for more than 80 percent of sales, leaving less than 20 percent for the vanilla Xiaomi 17.
Xiaomi’s TWS buds are ranked #2 globally (and #1 in the Chinese market), while Xiaomi tablets are in the top 5 (top 3 in China).
Xiaomi sees revenue surpass CNY 100 billion in Q3, smartphone and EV sales rise
Xiaomi’s Smart Home division is celebrating a major milestone – it now has more than 1 billion connected IoT devices on its platform. IoT and lifestyle products pulled in CNY 27.6 billion in revenue (5.6% YOY).
The company continues with another impressive number. It is not clear exactly what is distribution and what are those other steps.
The EV business has achieved its first quarter of profit. Again, there is no breakdown, but EV, AI and others brought in CNY 0.7 billion in revenue.
Additionally, quarterly deliveries of EVs have crossed 100K units — 108,796 to be exact, up from 81,302 in Q2. This includes delivery of 40K in October. The Xiaomi Yu-7 was the #1 SUV in terms of sales in China in October.
In the first three quarters, Xiaomi invested CNY 23.5 billion in research and development (R&D), with CNY 9.1 billion of that in Q3 (up 52.1 percent from last year). The company’s R&D workforce now stands at a record 24,871 people. Xiaomi was named one of the World’s Best Employers of 2025 by Forbes (this is the company’s third time on the list).
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