WeRide Q1 Revenue Jumps 58% As Global Robotaxi Fleet Hits 1,300

WeRide Inc. (NASDAQ:WRD) shares were up somewhat connected Wednesday aft the institution reported first-quarter 2026 results.

Details

Total gross roseate importantly by 57.6% year implicit twelvemonth (Y/Y) astatine 114.1 million Chinese yuan.

Gross nett surged 55.9% Y/Y to 39.6 cardinal yuan ($5.7 million), with gross borderline contracting to 34.7% from 35.0% successful the anterior twelvemonth quarter.

As of March 31, 2026, WeRide held 6.18 cardinal yuan ($895.6 million) in cash, currency equivalents, and clip deposits.

Segment Performance

WeRide reported merchandise gross of 20.5 cardinal yuan ($3.0 million) successful the quarter, up 115.8% Y/Y, chiefly driven by higher income of robotaxis and different Level 4 autonomous vehicles.

Service gross roseate 49% Y/Y to 93.7 cardinal yuan ($13.6 million), supported by maturation successful intelligent information solutions and ADAS-related services.

Key Development

The company's robotaxi fleet grew to astir 1,300 vehicles by April 2026, positioning it among the world's largest commercialized robotaxi operators.

Its broader Level 4 autonomous fleet (including robobuses and robovans) reached astir 2,800 vehicles deployed oregon tested crossed 12 countries and 40+ cities.

In China, WeRide's robotaxi fleet expanded to astir 1,000 vehicles, portion the Guangzhou operating country astir doubled from year-end 2025 levels.

Average regular rides per robotaxi reached 17 trips successful the quarter, with highest utilization climbing to 28 trips.

View much net connected WRD

International enlargement accelerated with afloat driverless robotaxi services launched successful Dubai and autonomous ride-hailing operations introduced successful Singapore done a concern with Grab.

The institution besides expanded into Riyadh and entered Slovakia arsenic its 4th European market.

Outlook

Management reiterated its extremity of deploying 2,600 robotaxis globally by the extremity of 2026 and emphasized an asset-light planetary enlargement strategy built astir partnerships and operational efficiency.

Together with Uber, WeRide plans to deploy astatine slightest 1,200 robotaxis crossed Abu Dhabi, Dubai, and Riyadh by 2027.

The institution besides highlighted strategical collaborations with Lenovo and Geely Farizon, targeting 200,000 autonomous conveyance deployments globally by 2030 and transportation of 2,000 purpose-built GXR robotaxis by 2026.

Its WRD 3.0 ADAS level has secured accumulation programs crossed astir 30 conveyance models and supports aggregate spot architectures including Nvidia and Qualcomm systems, improving scalability and manufacturing flexibility.

WRD Price Action: WeRide shares were up 0.32% astatine $7.73 astatine the clip of work connected Wednesday, according to Benzinga Pro data.