Midea Group earnings date and guidance
Midea Group's next results are expected on October 29, 2026. Midea Group must show whether sales accelerated enough to support the latest full-year growth range.
What has Midea Group guided for 2026?
Management guidance is the company’s own forecast; an analyst estimate is an outsider’s calculation. For 2026, the latest analyst account describes mid-to-high single-digit revenue growth and a stable net margin. Revenue is money earned from sales, while net margin is the share left as profit after expenses and tax.
Management also expects ToB sales to outgrow ToC sales. ToB means selling to businesses; ToC means selling to consumers. Selling air-conditioners to a property developer is ToB, while selling one through a shop to a household is ToC. Larger business orders may be more predictable, but both channels require factories, distribution, marketing and after-sales service. More sales will count as progress only if they preserve profit. That is the standard analysts will apply to their forecasts.
Has Midea Group kept its promises to shareholders?
Midea paid the interim dividend, approved the final dividend and changed a buyback plan from employee incentives to cancellation. Alignment is strongest when rewards clear demanding hurdles, cash reaches owners and cancellation actually reduces the share count. That brings us to how minority owners are treated in the company’s two share lines and connected dealings.
What is Midea Group's revenue and profit trend?
Revenue was RMB261,052.379 million, up 3.5% in the first half of 2026. Operating income fell 1.9% to RMB31,743.624 million. Gross margin declined from 25.5% to 25.0%, while operating margin reached 12.2%. Midea attributed pressure to weaker domestic appliance demand, lower selling prices, higher raw-material costs, trade-policy effects and renminbi appreciation. Selling more can therefore produce less operating profit per unit.
| 6 months to Jun 2026 | 6 months to Dec 2025 | 6 months to Jun 2025 | 6 months to Dec 2024 | 6 months to Jun 2024 | 6 months to Dec 2023 | 6 months to Jun 2023 | |
|---|---|---|---|---|---|---|---|
| Revenue | 261,052.379 | 206,170.913 | 252,331.494 | 190,962.427 | 218,121.839 | 175,914.19 | 197,795.614 |
| Gross margin | 25.0% | 27.0% | 25.5% | 26.2% | 26.1% | ||
| Operating income | 31,743.624 | 22,377.119 | 32,366.04 | 21,628.048 | 25,188.696 | 18,500.651 | 23,385.473 |
| Net income | 26,446.037 | 17,931.721 | 26,013.69 | 17,734.592 | 20,804.395 | 15,488.697 | 18,232.839 |
| EPS, diluted | 3.50 | 2.35 | 3.41 | 2.41 | 3.01 | 2.26 | 2.66 |
What this means. These figures include Midea's finance company, so they count its lending business as well as its main appliance business.
What should I watch in Midea Group's next results?
The next results must show whether Midea’s promised acceleration is reaching sales, margins and cash.