Feeling is mixed. There has been lots of global issues hitting on the trade so dropping YOY is kinda expected. But still they did much better than last Q which is a good sign to me. 

Xiaomi Q2 2026: Revenue Slips 6.1% but EV and AI Push Lifts QoQ Earnings

Hong Kong, 18 Aug 2026 – Xiaomi Corporation (Xiaomi-W, 01810.HK) reported second-quarter 2026 revenue of RMB108.92 billion, down 6.1% year-on-year (YoY) but up 9.9% versus the preceding quarter....
Xiaomi Q2 2026: Revenue Slips 6.1% but EV and AI Push Lifts QoQ Earnings

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