Xiaomi Group: First quarter revenue of 99.14 billion yuan

According to Mars Finance, Xiaomi Group released its financial report for the first quarter of 2026. The report shows that Xiaomi Group achieved revenue of 99.14 billion yuan and adjusted net profit of 6.1 billion yuan in the first quarter. During the period, Xiaomi's R&D investment reached 9 billion yuan, a year-on-year increase of 33.4%. Xiaomi stated that it will invest at least 16 billion yuan in AI this year, and more than 60 billion yuan over the next three years. Regarding the development of foundation models, the Xiaomi MiMo-V2.5-Pro Artificial Analysis intelligent index and Agent index both ranked first among global open-source large models. The Xiaomi MiMo large model helped Hermes Agent reach the top of the global call volume ranking, becoming the number one contributing model.