Haier Smart Home Reports First Quarter 2026 Financial Results

Haier

China: Haier Smart Home Co Ltd reported revenue of 73.69 billion yuan (approximately US$10.7 billion) for the first quarter of 2026, reflecting a decline compared to the previous year amid softer demand conditions in key markets. Net profit attributable to shareholders reached 4.65 billion yuan (approximately US$0.67 billion), showing a sequential improvement compared to the previous quarter. The overall performance was influenced by weaker demand in North America and China, although the company maintained stable operations across its core appliance segments, including refrigeration, air solutions, and laundry products.

Operationally, the company reported mixed regional trends, with China maintaining profitability despite market contraction, supported by product mix improvements and efficiency gains. In contrast, international markets such as North America faced pressure due to external factors, including trade policies and weather-related disruptions. While the company continues to expand its smart home ecosystem and integrated appliance offerings, near-term performance remains dependent on demand recovery and stabilisation across major global markets.

Source: Haier Media