WeRide Inc. (NASDAQ:WRD) shares were up slightly on Wednesday after the company reported first-quarter 2026 results.
Details Total revenue rose significantly by 57.6% year over year (Y/Y) at 114.1 million Chinese yuan
Gross profit surged 55.9% Y/Y to 39.6 million yuan ($5.7 million), with gross margin contracting to 34.7% from 35.0% in the prior year quarter. As of March 31, 2026, WeRide held 6.18 billion yuan ($895.6 million) in cash, cash equivalents, and time deposits. Segment Performance WeRide reported product revenue of 20.5 million yuan ($3.0 million) in the quarter, up 115.8% Y/Y, mainly driven by higher sales of robotaxis and other Level 4 autonomous vehicles.
Service revenue rose 49% Y/Y to 93.7 million yuan ($13.6 million), supported by growth in intelligent data solutions and ADAS-related services. Key Development The company’s robotaxi fleet grew to roughly 1,300 vehicles by April 2026, positioning it among the world’s largest commercial robotaxi operators. Its broader Level 4 autonomous fleet (including robobuses and robovans) reached around 2,800 vehicles deployed or tested across 12 countries and 40+ cities.