Xiaomi has raised its 2026 smartphone delivery target from 90 million units to 110 million units, after first-half 2026 sales came in better than the company expected, reflecting strong demand in both the Chinese and overseas markets, especially in the premium smartphone segment. However, memory costs for both DRAM and NAND Flash continue to rise and are likely to pressure smartphone business margins. The company plans to manage costs by increasing the share of premium products and improving procurement efficiency to mitigate the impact. Asia Plus Securities' research team views the target increase as positive for Xiaomi's medium-term fundamental value, and recommends that trading investors capture the short-term positive catalyst while gradually accumulating on share price weakness for medium- to long-term investment.
Xiaomi CorpXiaomi raised its 2026 smartphone delivery target to 110 million units due to strong demand in China and overseas, especially in premium segment.
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