GICS Sector : Consumer Cyclical
ECARX Holdings, Inc.engages in the design, development, and delivery of vehicle technology.Its products include infotainment head units, digital cockpits, vehicle chip-set, operating system and software stack.
ECARX reported a strong Q3 2025, with revenue reaching $219.9 million, up 11% year-over-year and 41% quarter-over-quarter. The company achieved EBITDA breakeven, with EBITDA of $8.3 million, and became net profitable for the first time, with a breakeven net profit of $0.9 million. Gross profit was $48 million, up 39% year-over-year, with a gross margin percentage of 22%, representing a 4% improvement from the prior year period and 11% improvement from the previous quarter. The EPS was -$0.14001, missing estimates of -$0.012.
Publication Date: Nov -06
The company's Pikes computing platform, built on the Qualcomm 8295 Snapdragon chipset, was a key contributor to the strong performance in Q3, with shipments reaching approximately 667,000 units, up 51% year-over-year and 26% quarter-to-quarter. The Antora series shipments reached a record high of 196,000 units. According to Peter Cirino, "We secured a second project with a leading European automaker, which will add another $400 million in lifetime revenue to our pipeline."
The company's hardware margins have improved to 15% in Q3, from 10% in the previous quarter and 9% last year, driven by successful portfolio selling, cost optimization, and supply chain cost management. The momentum is expected to continue into Q4 and next year, with the company anticipating double-digit revenue growth in 2025 and beyond.
Using the current valuation metrics, the company's P/S Ratio stands at 1.21, while the EV/EBITDA ratio is -7.77. The ROE is 43.54%, indicating a strong return on equity. These metrics suggest that the market is pricing in a certain level of growth, with analysts estimating next year's revenue growth at 33.1%.
ECARX is positioning itself as a global player in the automotive technology marketplace, with a focus on scaling its technology globally and delivering mature, robust solutions to the market. The company expects 30% of its revenue to come from overseas by 2028 and 50% by 2030, with $2.5 billion in overseas revenue orders already secured.
Comparing ECARX (NASDAQ:ECX) & SOS (NYSE:SOS)
Dec -02
ECARX Deepens Partnership with Volkswagen Group to Supply Digital Cockpit Solutions for Multiple Vehicle Models in Latin America
Nov -13
Is ECARX Holdings, Inc. (ECX) Outperforming Other Business Services Stocks This Year?
Nov -07
ECARX Holdings Inc. (ECX) Q3 2025 Earnings Call Transcript
Nov -03
ECARX Announces Third Quarter 2025 Unaudited Financial Results
Nov -03
ECARX Secured up to $150 Million to Advance Strategic Growth Initiatives and Strengthen Liquidity
Oct -31
ECARX Announces Board Change
Oct -31
ECARX Antora® and Cloupeak® Solutions Expand into UK with Launch of Geely EX5
Oct -24
ECARX Holdings' Automotive Computing Platform growth is driven by increasing demand for autonomous vehicles, electrification, and connected cars. The platform's scalable architecture, high-performance computing, and advanced software capabilities enable OEMs to develop intelligent vehicles. Additionally, strategic partnerships with leading automakers and suppliers, as well as investments in AI and 5G technologies, contribute to the 12.8% growth.
ECARX Holdings' Automotive Computing Platform - Design and Development Service growth is driven by increasing demand for autonomous vehicles, electrification, and connected cars. The company's expertise in software-defined vehicle architecture and its partnerships with leading OEMs are key growth catalysts. Additionally, the rising need for advanced driver-assistance systems (ADAS) and vehicle-to-everything (V2X) communication technology also contribute to the segment's 14.03% growth.
ECARX Holdings' System on a Chip (SoC) Core Modules' 10.43% growth is driven by increasing demand for autonomous driving, electrification, and connectivity in the automotive industry. The company's focus on developing advanced SoC solutions for next-generation vehicles, coupled with its partnerships with leading OEMs, contributes to its growth momentum.
ECARX Holdings' Software License segment growth of 11.7% is driven by increasing demand for autonomous driving solutions, expansion into new geographic markets, and strategic partnerships with leading automotive companies. Additionally, the company's focus on research and development, resulting in innovative products and features, has contributed to the growth.
ECARX Holdings' Connectivity Service growth is driven by increasing demand for in-vehicle infotainment and telematics, rising adoption of 5G and IoT technologies, and strategic partnerships with leading automotive OEMs. Additionally, the company's focus on software-defined vehicles and autonomous driving solutions contributes to its 24.3% growth.
ECARX Holdings' Automotive Merchandise and Other segment growth of 9.62% is driven by increasing demand for electric vehicle (EV) solutions, expansion into new markets, and strategic partnerships. Additionally, the company's focus on innovative products and services, such as battery management systems and autonomous driving solutions, contributes to its growth momentum.
ECARX Holdings' Other Services segment growth of 13.35% is driven by increasing demand for autonomous driving solutions, expansion into new markets, and strategic partnerships. Additionally, the company's focus on software-defined vehicles and electrification is contributing to revenue growth. Furthermore, the rising adoption of advanced driver-assistance systems (ADAS) and vehicle electrification is also fueling growth in this segment.
ECARX Holdings, Inc. offers a range of autonomous driving solutions, including advanced driver-assistance systems (ADAS) and autonomous driving (AD) technologies, designed to enhance safety, convenience, and driving experience.
ECARX Holdings, Inc. provides connected vehicle solutions, including telematics, infotainment, and vehicle-to-everything (V2X) communication systems, designed to enhance vehicle connectivity and driver experience.
ECARX Holdings, Inc. offers electrification solutions, including electric vehicle (EV) powertrains, battery management systems, and charging infrastructure, designed to support the transition to electric vehicles.
ECARX Holdings, Inc. provides smart cabin solutions, including intelligent cockpit systems, human-machine interfaces, and in-vehicle experiences, designed to enhance driver and passenger experience.
ECARX Holdings, Inc. offers vehicle computing platforms, including automotive-grade computing hardware and software, designed to support the development of advanced vehicle systems.
The threat of substitutes for ECARX Holdings, Inc. is medium due to the presence of alternative products and services in the automotive technology industry.
The bargaining power of customers for ECARX Holdings, Inc. is low due to the company's strong brand reputation and limited switching costs for customers.
The bargaining power of suppliers for ECARX Holdings, Inc. is medium due to the presence of multiple suppliers in the industry, but the company's large scale of operations gives it some bargaining power.
The threat of new entrants for ECARX Holdings, Inc. is high due to the relatively low barriers to entry in the automotive technology industry and the attractiveness of the market.
The intensity of rivalry for ECARX Holdings, Inc. is high due to the presence of several established competitors in the industry and the high stakes of competition.
| Value | |
|---|---|
| Debt Weight | 203.88% |
| Debt Cost | 4.40% |
| Equity Weight | -103.88% |
| Equity Cost | 4.95% |
| WACC | 3.83% |
| Leverage | -196.26% |
Value: 7.9
Growth: 5.1
Quality: 4.1
Yield: 5.0
Momentum: 4.0
Volatility: 7.3
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