VinFast Auto (NASDAQ:VFS – Get Free Report) issued its earnings results on Monday. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.17), FiscalAI reports. The firm had revenue of $921.00 million during the quarter, compared to analyst estimates of $1.03 billion.
Here are the key takeaways from VinFast Auto’s conference call:
- Deliveries surged 61% year over year to 58,577 vehicles in Q1 2026, while electric two-wheeler deliveries jumped 219% to about 143,000 units, underscoring strong demand momentum in Vietnam and select international markets.
- VinFast said its adjusted gross margin improved materially to -22.5% in Q1 from -47.2% in Q4, excluding the impact of the extended free charging program, revenue deferrals, and NRV adjustments. The company also reported revenue growth of 41.7% year over year.
- The company outlined a more capital-light operating model, including the spin-off of Vietnam manufacturing assets and a strategic partnership with GSM. Management said these moves should improve financing flexibility, visibility into orders, and long-term capital allocation.
- VinFast highlighted rapid expansion in Asia, including record market share in Vietnam’s two-wheeler market, continued traction in the Philippines and Indonesia, and ongoing dealership growth in India, where it opened its 50th dealership and remains on track to double its footprint by year-end.
- Despite revenue growth, the quarter remained deeply loss-making, with adjusted EBITDA of negative $783 million and net loss margin of -121.6%, while the company said the extended free charging program materially pressured reported margins in the period.
VinFast Auto Trading Down 5.0%
NASDAQ VFS opened at $3.05 on Tuesday. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of -1.84 and a beta of 0.67. The company has a 50 day moving average of $3.94 and a 200-day moving average of $3.52. VinFast Auto has a 1-year low of $2.78 and a 1-year high of $5.28.
Institutional Trading of VinFast Auto
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on VFS shares. Chardan Capital reissued a “buy” rating and issued a $5.50 target price on shares of VinFast Auto in a report on Thursday, April 23rd. Wall Street Zen raised VinFast Auto from a “strong sell” rating to a “sell” rating in a report on Saturday. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.83.
Read Our Latest Stock Analysis on VFS
About VinFast Auto
VinFast Auto, founded in 2017 as a subsidiary of Vietnam’s Vingroup, specializes in the design, development and manufacturing of electric vehicles and related mobility solutions. Headquartered in Haiphong, Vietnam, the company operates an integrated production complex that houses research and development, manufacturing and assembly facilities. Backed by Vingroup founder Pham Nhat Vuong, VinFast has rapidly expanded its product line from its first electric SUV, the VF e34, launched in late 2021, to a diverse portfolio of battery electric cars and electric scooters.
The company’s vehicle lineup includes the VF 8 and VF 9 sport utility vehicles, as well as electric passenger cars tailored for markets in Asia, North America and Europe.
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