ECARX Technology Holdings (Nasdaq: ECX) reported a total revenue of $241 million for the third quarter of 2026, marking a 10% increase compared to the same period last year. The company’s revenue from product sales also grew significantly, reaching $223 million, which is a 23% rise year-over-year.
During the third quarter, ECARX shipped approximately 721,000 product sets, and five brands introduced 21 new models into mass production. Despite facing rising global memory chip costs that temporarily impacted its gross margin, the company stated that its core business continues to expand.
To counterbalance the pressure from increased costs, ECARX is implementing several strategies, including pricing adjustments, optimizing its product mix, and enhancing supply-chain management. The company is also focused on deeper software integration while maintaining its full-year revenue guidance. The product lineup is shifting towards more premium offerings, such as the ECARX Antora and ECARX Paker.
ECARX achieved substantial progress in its expansion efforts, securing nominations for 23 new models and raising the total number of installations to approximately 1.4 million units in the first three quarters of the year. Additionally, the company completed its acquisition of the Flyme software business, which is intended to enhance its capabilities in software and applications.
Moreover, ECARX has partnered with a European luxury automaker to establish an AI cockpit innovation lab centered on the Flyme Auto platform. This collaboration aims to develop next-generation smart cockpit systems for models aimed at the Chinese market, with expectations for their launch by late 2026.
As October began, ECARX continued to develop its technologies, entering internal testing with “Super Aicy” under the Flyme AIOS ecosystem. The company also signed a memorandum of understanding with Arm to explore the development of next-generation AI computing platforms for vehicles and broader applications.
