Gasgoo Munich- NIO Inc. released its second-quarter 2026 financial results on September 1, reporting operating profit of RMB 210 million. The company remained profitable for a third consecutive quarter.Second-quarter revenue surged 69.1% year over year to RMB 32.14 billion, while gross profit skyrocketed 211.3% from a year earlier to RMB 5.91 billion. Overall gross margin reached 18.4%, up 8.4 percentage points from a year earlier.Image source: NIO Inc.Vehicle gross margin increased by 8.2 percentage points year on year to 18.5%, while gross margin from other sales rose by 8.8 percentage points over the previous year to 17.0%.First-half revenue totaled RMB 57.67 billion, up 85.8% year over year, with gross profit rising 282.2% from the prior-year period to RMB 10.77 billion. Cash reserves increased by RMB 8.5 billion from the previous quarter to RMB 56.7 billion. NIO also recorded positive operating cash flow for a fourth consecutive quarter.NIO delivered around 107,700 vehicles in the second quarter, representing jump of 49.4% year over year and 29.0% from the previous quarter.For the third quarter of 2026, NIO expects revenue of between RMB 33.29 billion and RMB 34.05 billion. The guidance represents year-over-year growth of 52.7% to 56.2% and an estimated quarter-over-quarter increase of 3.59% to 5.95%.The company forecasts third-quarter deliveries of between 108,000 and 111,000 vehicles, up 24.0% to 27.5% year over year and approximately 0.28% to 3.06% quarter over quarter.During the earnings call, NIO founder William Li said the NIO brand's average transaction price exceeded RMB 430,000 in July. He added that ONVO was among only eight automotive brands in China to record increases in both sales volume and pricing during the first half of the year.Regarding next year's product plans, William Li said NIO would introduce new initiatives for its 5 and 6 Series. ONVO is scheduled to launch a strategically important new product, while FIREFLY will retain a single-model lineup.Addressing increases in raw material and other input prices, William Li said the average cost per vehicle rose by RMB 14,000 in the second quarter compared with the end of last year. He expects a further increase of RMB 2,000 to RMB 3,000 in the second half, bringing the total rise to between RMB 16,000 and RMB 17,000 per vehicle.