Xiaomi reported record-breaking financial results for the first quarter of 2025, with strong growth in its smartphone, electric vehicle (EV), AIoT, and wearable segments. Total revenue rose to $15.4 billion, a 47.4% increase compared to last year. Net profit grew by 64.5%, reaching $1.48 billion.
Smartphones and AIoT Fuel Core Growth
The company’s smartphone and AIoT divisions remained its main sources of income, earning $12.8 billion. This figure is 22.8% higher than the previous year. Xiaomi stayed among the top three global smartphone brands for the 19th straight quarter. In China, it led the market with 18.8% of shipments, increasing by 4.7% year-on-year.
During the first quarter, Xiaomi shipped 41.8 million smartphones worldwide. In Mainland China, shipments reached 13.3 million units, showing a 40% rise from last year.
The IoT and lifestyle device segment also performed well. There are now 943.7 million AIoT devices linked to Xiaomi’s ecosystem. Revenue from smart home appliances increased by 113.8% over the previous year. The company also ranked first globally in wearables and second in TWS earbuds.
Strong Start for Smart EV Division
Xiaomi’s EV division made $2.5 billion in revenue. Gross margin was 23.2%, even with a $69.4 million operating loss. The SU7 sedan led growth, with 75,869 units sold in the first quarter. Since its launch, the total deliveries have exceeded 258,000 vehicles.
The company expanded its EV sales network to 235 locations in China. That is a 17.5% rise from the previous quarter.
Global Expansion and User Growth
Monthly active users grew 9.2% globally, now totaling 718.8 million. Active users in China increased by 12.9%, reaching 181.1 million. Xiaomi’s tablets also made a big leap, shipping 3.1 million units in the first quarter and reaching a top-three market position.
In May, Xiaomi launched the Pad 7 Ultra. This strengthened its presence in the premium device market, where it now holds 25% of China’s flagship smartphone segment.
Heavy R&D Investment Continues
Xiaomi invested over $1.87 billion into its own Xring O1 chipset. The chip was first used in the Xiaomi 15S Pro and the Pad 7 Ultra. The company holds more than 43,000 patents globally. Nearly half of its employees work in research and development.
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