Xiaomi has announced exceptional financial results for the first quarter of 2025, showcasing strong growth across its smartphone, electric vehicle (EV), AIoT, and wearable sectors. The company’s total revenue soared to $15.4 billion, representing a 47.4% year-on-year (YoY) increase, while net profit climbed 64.5% YoY to reach $1.48 billion.
Smartphones and AIoT Lead Revenue Surge
Xiaomi’s smartphone and AIoT segments remained key revenue contributors, generating $12.8 billion—up 22.8% YoY. For the 19th consecutive quarter, Xiaomi secured its position as one of the top three global smartphone vendors. In Mainland China, the brand ranked first in total shipments, capturing an 18.8% market share, up 4.7% from last year. Global smartphone shipments reached 41.8 million units in Q1, with Mainland China shipments rising 40% to 13.3 million units.
The IoT and lifestyle segment also performed well, with 943.7 million AIoT devices connected to Xiaomi’s ecosystem. Revenue from smart large home appliances grew 113.8% YoY. Additionally, Xiaomi ranked number one globally in wearables and second in true wireless stereo (TWS) earbuds.
Strong Performance in Smart EV Division
Xiaomi’s smart EV division recorded $2.5 billion in quarterly revenue with a 23.2% gross margin, despite reporting an operating loss of $69.4 million. The Xiaomi SU7 sedan led sales with 75,869 units delivered in Q1 2025, pushing total deliveries beyond 258,000 vehicles since launch. The company also expanded its EV sales network to 235 locations across China, a 17.5% increase from the previous quarter.
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Global Expansion and User Growth
Xiaomi’s global monthly active users (MAUs) increased 9.2% YoY to 718.8 million, while Mainland China MAUs rose 12.9% to 181.1 million. The company reached a top-three global position in tablet shipments for the first time, delivering 3.1 million units in Q1. The May 2025 launch of the Xiaomi Pad 7 Ultra has further strengthened Xiaomi’s footprint in the premium device segment, where it now commands 25% of China’s flagship smartphone market.
Continued Commitment to R&D
Xiaomi invested over $1.87 billion in developing its in-house Xring O1 chipset, featured in the Xiaomi 15S Pro and Pad 7 Ultra. The company holds more than 43,000 patents worldwide, with 47.7% of its workforce dedicated to research and development.
