·2026年第二季度营业收入达83.6万美元，较2025年第二季度的5.4万美元同比大幅增长超1400%；在交付持续爬坡及机器人业务实现正毛利的推动下，2026年上半年营收达135万美元。营业成本同比下降57%至1154万美元，净亏损同比收窄69%至3896万美元。
·FF正式将机器人战略升级为FF EAI“四核全智”机器人生态战略，整合EAI大脑、EAI本体、行业生产力解决方案与开发者平台，以及EAI数据工厂，顺应机器人产业从单一本体硬件向全栈系统化、生产力驱动的解决方案加速演进的重要趋势。
·截至第二季度末，公司负债比去年同期减少逾1亿美元，并将进一步加快化债。FF已启动执行彻底化债的解决方案，让机器人业务能够轻装前行，快速释放其真实资本市场价值。
·2026年上半年，公司融资产生的现金流入净额为7637万美元，为机器人业务进一步巩固先发优势提供了坚实的运营资金保障；同时，公司持续推进“资本价值回归子战役”，优化资本结构、大幅遏制股权稀释，并已正式恢复对纳斯达克持续上市要求的全面合规。
·展望“四核全智”生态，公司预计今年将进一步深化英伟达技术栈与FF自研EAI大脑、机器人平台及数据基础设施的融合，推进GR00T在EAI能力方面的训练与验证。EAI数据工厂目标：到8月底实现每月2100小时合格真实场景数据采集产能，到12月底达到每月20000小时，全年累计达到50000小时。在行业生产力解决方案与开发者平台方面，公司计划在加州、德州及美国东部拓展标准化、可复制的行业解决方案，同时向更广泛的开发者和合作伙伴开放机器人本体能力、Skills及应用平台。预计到2026年底，基于FF EAI Robotics开源开放开发者平台的发布，公司将开发包含100个Skills的产品组合，并将开发者社区规模扩大至200人。
·FCC新政新利好下，公司将聚焦建立可持续营收模式并优化资产负债表：以EAI机器人本体销售出货及EAI机器人生态加速变现为主要驱动力，推动“四核全智”生态各项业务持续扩大营收、整体毛利率稳步提升，目标在年底前实现EAI机器人累计出货超2000台，并在未来三至四个季度内将公司总负债降至1亿美元以下。
北京时间2026年8月14日 —— 总部位于美国加州的全球EAI生态公司Faraday Future Intelligent Electric Inc.（纳斯达克代码：FFAI）（以下简称“Faraday Future”、“FF”或“公司”）今日公布了截至2026年6月30日的第二季度财务业绩，并介绍了关键运营结果及业务进展。
“2026年第二季度是一个重大里程碑。我们的机器人业务正进入营收加速的新阶段，战略也已全面进化为‘四核全智’生态，进一步巩固了FF在美国具身智能机器人市场的领先地位，”FF全球CEO贾跃亭表示，“在‘Built in USA’计划、数据安全本土化以及全面FCC新政的驱动下，机器人业务持续爬坡放量，不断将先发优势转化为市场胜势。我们已重新正式恢复纳斯达克持续上市要求的全面合规，并取得重要化债成果，这体现了公司正系统性清理历史包袱、改善净资产状况，为核心业务轻装上阵和加速发展创造更有利的条件。”
贾跃亭补充道：“展望未来，我们将继续全力聚焦化债和资产负债表优化，为下一阶段增长奠定坚实的资本基础。我们正在成为美国唯一一家完整的端到端机器人生态企业，并正将FF打造为美国Physical AI机器人解决方案的领导者。通过持续扩大‘四核全智’飞轮、拓展开发者生态，并执行‘资本价值回归子战役’，我们将推动公司实现可持续盈利、引领美国机器人产业变革，并为股东创造长期价值。”
2026年第二季度业绩亮点
EAI机器人销售、出货及交付
本季度机器人累计销售及出货量为220台，仅6月单月就达105台。年底前累计出货2000台EAI机器人的目标维持不变。
公司推进了与红杉教育、Triple的战略合作，将EAI本体部署于教育场景；RobotShop在完成采购评估后确认通过代发货模式支持FF EAI机器人产品的销售与交付。
将“三位一体”生态升级为“四核全智”生态
公司正式将机器人战略从“三位一体”升级为“四核全智”生态战略，整合EAI大脑、EAI本体、行业生产力解决方案与开发者平台，以及EAI数据工厂。在该战略下，由六大产品系列、三大本体形态共同构成的‘全形态FF EAI机器人世界’全面集结，其中包括全新发布的工业级FF Faber轮臂机器人系列。
生态软件和数据平台也取得了关键里程碑。EAI数据工厂平台在本季度完成商业化闭环，并获得首笔款项，客户合作意愿强烈。FF发布了开源开放开发者平台，开放SDK和API接口，建立了加州首个教育创新实验室。
合规及“Built in USA”计划
FCC近期发布相关监管指引，加强对不合规外国机器人产品进入美国市场的限制，进一步强化了FF的竞争地位。作为一家美国本土企业，FF目前上市销售的产品均已获得FCC认证。公司已启动全球价值链上下游合作伙伴招募计划，为拓展美国市场的全球零部件供应商及OEM厂商提供合规入口。
凭借七大核心竞争优势，FF在把握这一历史性战略机遇方面拥有独特优势：围绕六大产品系列及“一脑多形”“多形多能”战略打造的“全形态FF EAI机器人世界”；整合EAI大脑、EAI本体、行业生产力解决方案与开发者平台，以及EAI数据工厂的“四核全智”生态；覆盖关键客户触点的“5+1”生态直销及用户共创体系；作为美国本土企业所具备的合规能力；由规模化部署及真实场景数据驱动的数据进化飞轮；以产品正毛利及先付款后交付原则为核心的轻资产、精益运营财务模式；以及机器人业务潜在的独立价值释放路径所带来的差异化资本价值。
公司加快执行三阶段“Built in USA”加速计划，力争从AI平台本土化集成，向“Assembled in USA”和“Made in USA”迈进。根据全球桥梁战略，EAI大脑、EAI数据工厂及开发者平台的所有研发、运营、模型持续迭代及数据存储均会保持在美国本土，以确保完全合规；同时整合全球供应链，完成最终本体交付。
资本结构优化及历史债务化解
FF坚信，EAI机器人业务的真实商业价值远高于公司当前市值所反映的水平，因此执行了一系列资本市场及资产负债表优化举措，将降低经营性债务与优化资本结构相结合。截至第二季度末，剔除下述新增融资对应的负债后，公司比去年同期实际减少债务超过1亿美元。其中，公司总负债账面减少约6100万美元，从2025年第二季度末的约3.4亿美元降至2026年第二季度末的约2.78亿美元；此外，就已披露的融资而言，截至2026年6月30日，其中4250万美元存放于受存款账户控制协议约束的账户中，并被记录为受限现金和相应负债。
FF正在系统性清除历史包袱，建立长期债务管理及内部控制机制。与此同时，公司采取积极措施，优化整体资本结构，保障运营流动性，并保护股东权益。FF近期累计获得了7000万美元新的机构融资，自2025年12月以来已永久注销约4990万份A类认股权证，并修订了8200万美元可转换票据协议，取消以成交量加权平均价（VWAP）为基础的定价条件及认股权证发行。
2026年7月24日，公司按150股合1股实施股票反向分割并生效。此后，公司正式获得纳斯达克确认，已重新全面符合最低买入价要求。在经营及资本两个层面消除历史义务，将带来更干净、高度灵活的资产负债表，使机器人业务能够加快商业化部署，同时积极评估独立资本战略，包括独立融资及潜在的独立公开上市路线图。
企业AI系统及公司治理
公司继续推进AI治理框架，完善AI应用治理、风险分类、Token成本可视化以及全生命周期数据管理等方面的管理结构。公司进一步深化AI与运营流程的融合，推动工作流程自动化、生产力评估、任务跟踪以及跨部门知识共享。
在合规和内部控制方面，FF提升了风险管理、网络安全治理及信息披露体系。这些优化将强化隐私控制，提高跨职能审计可追溯性，并确保公司在运营规模扩大时具备法规适应能力。
2026年第二季度财务业绩
·营业收入：2026年第二季度总营收达83.6万美元，较2025年第二季度的5.4万美元增长超1400%，带动上半年累计营收达135万美元。
·营业成本：从2025年第二季度的2691万美元降至2026年第二季度的1154万美元，同比下降57%。
·净亏损：2026年第二季度净亏损为3896万美元，较2025年第二季度的1.247亿美元下降69%，同减少8571万美元，主要得益于营收贡献、产品贡献毛利改善、结构性成本优化及严格的运营费用管理。
·净资产：截至2026年6月30日为141万美元，持续保持净资产为正。
2026年下半年展望
展望未来，2026年下半年将是FF加快运营规模化、强化合规能力及资本管理的关键阶段。公司将围绕财务、战略、业务运营、资本结构和AI系统推进“五大变革”。随着机器人战略路线正式扩展为“四核全智”生态，公司正在将资源集中于扩大商业营收、执行美国本土组装、系统性化债，以及建立可持续盈利的清晰路径。
财务展望
EAI机器人业务是FF近期的核心增长引擎。在教育、工业、安防&巡检及其它现有市场四大重点行业生态需求增长的驱动下，公司的目标是年底前累计销售并出货超2000台EAI机器人。
进入2026年下半年，公司的财务战略将围绕三大支柱，重点建立可持续营收模式并优化资产负债表：
·营收及生态增长：加速“四核全智”生态战略下各项业务的发展，推动营收持续扩大、整体毛利率稳步提升，主要驱动力来自商业本体出货及EAI机器人生态加速变现。
·降低负债：再次明确化债目标，即在未来三至四个季度内将公司总负债降至1亿美元以下，为机器人业务增长提供持续支持。
·经营现金流优化：基于战略升级构建差异化增长模式，持续优化经营现金流。该模式以有限的新增资本投入支持近期现金流创造，同时为生态的长期扩张提供支撑。
“四核全智”生态：整合本体、大脑、数据及生产力解决方案
在初步商业化进展的基础上，基于升级后的“四核全智”生态，将EAI大脑、EAI本体、行业生产力解决方案与开发者平台，以及EAI数据工厂整合为一体，对硬件、软件、数据及服务的全生命周期进行变现。
EAI本体方面，公司正加快EAI机器人在教育、工业和安防巡检等关键垂直领域的部署，持续扩大机器人产品组合及商业化交付规模。
EAI汽车业务仍是FF的核心业务之一，也是公司整体EAI战略的重要组成部分。公司将以高度自律、审慎的方式推进该业务，严格根据专项资金的到位情况安排执行节奏和资本投入；除非并直至获得充足资金，否则不会加快该业务的发展。同时，FF将使业务执行与战略合作伙伴的发展规划及进展保持一致。
EAI大脑方面，预计今年内，FF将进一步深化NVIDIA技术栈与FF自有机器人大脑架构、机器人平台及数据体系的融合，持续推进GR00T在复杂抓取和多步骤操作中的训练与验证，并推动SONIC相关技术从仿真训练向真实机器人全身控制和跨本体迁移演进。
EAI数据工厂方面，公司将进一步打通真实场景机器人数据采集、训练、评估、部署及持续学习的完整闭环，加速形成“本体→数据→大脑→解决方案→本体”的自进化飞轮，并构建一套可量化、可持续迭代、可扩展至多种机器人形态的具身智能技术框架，为自主EAI大脑、行业解决方案及更广泛的“四核全智”生态持续进化提供核心技术支撑。EAI数据工厂预计到8月底实现每月2100小时合格真实场景数据的采集产能，到12月底达到每月20000小时，全年数据采集总量达到50000小时。
行业生产力解决方案与开发者平台方面，公司正在构建标准化、可复制、可规模化的行业解决方案，以提升客户价值和投资回报率，并计划年内拓展至加州、德州及美国东部。同时，公司将持续强化开发者生态，开放机器人本体能力、Skills及行业应用平台，吸引更多开发者和合作伙伴共同建设机器人应用生态。
开发者平台方面，公司于第二季度搭建了完整商业闭环，部署了EAI Soul框架、Brain Block模块化架构、开放SDK及API接口。公司正式发布FF EAI Robotics开源开放开发者平台，设有通用开发者版及青少年开发者版，并提供四大核心开发工具。2026年下半年，公司将继续精简产品组合，优先发展商业化潜力明确、单位经济效益为正的机器人产品。在教育等关键应用场景需求持续扩大的情况下，公司力争到2026年底实现EAI机器人累计出货2,000台、将Skills产品组合扩展至100个，并将开发者社区规模扩大至200人。结合多个应用场景的真实数据采集，这些举措将为未来更大规模的出货和更广泛的数据采集奠定坚实基础。
制造及产品合规：“Built in USA”第二阶段提速
公司正将美国本土生产战略推进至第二阶段 ——“Assembled in USA”阶段。美国本土布局将增强供应链韧性、缩短交付周期，并直接受益于近期的法规行动，例如FCC新的设备授权政策，以及不断升级的、限制外国生产机器人的ICTS标准，从而强化FF作为值得信赖、全面合规的Physical AI美国企业的定位。
在汽车机器人和EAI机器人“双擎“战略下，FF持续优化产品路线图，优先发展商业化前景明确、具备良好的单台盈利能力的高毛利产品。
资本战略：“资本价值回归子战役”及化债计划
在资本层面，公司正积极推进“资本价值回归计划”，以提升资本效率、遏制股权稀释、化解历史债务，并重建股东信任。核心举措包括：
探索机器人业务独立融资与公开上市机会，以获取机器人业务专属成长资本，减少FFAI层面股权稀释，并直接为股东创造价值；
加速化解历史债务，与去年二季度末相比，2026二季度末的负债已交去年二季度末减少超过1亿美元（不包含与融资所得的4250万美元限制性现金相对应的负债）。公司还计划三至四个季度内将总负债降至1亿美元以下，并承诺新增融资优先用于机器人业务；
强化融资纪律，已为绝大多数可转换票据锁定5美元/股的转股地板价，并对每日转换量设上限，严控稀释风险；
聚焦运营收入与成本管控，减少外部融资依赖，稳步推进长期债务削减目标。
公司EAI生态业务进展良好，基本面持续改善，管理层认为当前市值未能充分反映机器人业务的真实价值。上述举措将推动资本结构优化与业务价值释放，为股东创造长期可持续价值。
长期定位
FF正在不断强化其美国Physical AI企业及北美领先的全栈EAI机器人解决方案提供商的市场定位。同时，加速向AI原生企业转型，将人工智能全面嵌入管理、财务和合规体系，最大化程度释放运营杠杆效应。以“四核全智”生态、 “Built in USA”第二阶段美国本土组装和严格推进的“资本价值回归子战役”为支撑，FF将聚焦推动内生营收增长、清理历史债务，并推动公开市场估值与Physical AI技术平台的内在价值重新匹配。
业绩电话会网络直播
Faraday Future管理层于2026年8月13日美国东部时间晚7:00（美国太平洋时间下午4:00；北京时间8月14日上午7:00）举行网络直播。投资者及其他各方可通过以下链接收听电话会：https://viavid.webcasts.com/starthere.jsp?ei=1772066&tp_key=069a8ec43b，或登录公司网站投资者关系页面：https://investors.ff.com/。会后，公司网站将很快提供网络直播回放。有关FF 2026年第二季度业绩的更多详情，可参见公司向美国证券交易委员会（SEC）提交的文件及以下页面：https://investors.ff.com/financial-information/sec-filings。
Faraday Future Announces Q2 Results: Record $1.35 Million Revenue in H1 2026; Robotics Enters New Phase of Revenue Acceleration with Positive Contribution Margin; Liability Down $100 Million YoY; Upgrades to “Four-Core Full-Stack AI” Strategy
· Revenue surged to $836,000 in Q2 2026, a YoY 1,400%+ from $54,000 in Q2 2025, $1.35 million revenue in H1 2026 driven by expanding commercial deliveries and positive robot margins; cost of revenue dropped 57% YoY to $11.54 million and net loss narrowed 69% YoY to $38.96 million.
· FF officially upgraded its robotics roadmap to the FF EAI "Four-Core Full-Stack AI" Ecosystem Strategy, integrating the EAI Brain, EAI Devices, Industry Productivity Solutions and Developer Platform, and EAI Data Factory, reflecting a vital market shift from standalone robotic hardware toward full-system, productivity-driven enterprise solutions.
· By the end of the second quarter, the Company had reduced liability by more than $100 million year over year and plans to further accelerate debt reduction. FF has begun implementing a comprehensive debt-resolution plan to address legacy obligations, strengthen its balance sheet, and enable the robotics business to operate with greater flexibility and unlock its underlying capital-market value quickly.
· The Company generated $76.37 million in net cash inflows from financing activities for the first six months of 2026, securing the operating runway needed to solidify its first-mover advantage in robotics, while advancing its Capital Value Restoration Plan to optimize its capital structure, significantly curb equity dilution, reduce liabilities, and officially regain full Nasdaq listing compliance.
· Across its Four-Core Full-Stack AI Ecosystem, the Company expects to deepen the integration of NVIDIA’s technology stack with FF’s proprietary EAI Brain, robotics platform, and data infrastructure this year, advancing GR00T training and validation on embodied AI capabilities. The EAI Data Factory is expected to reach a monthly capacity of 2,100 qualified real-world data collection hours by the end of August and 20,000 hours by the end of December, for a full-year total of 50,000 hours. In Industry Productivity Solutions and the Developer Platform, the Company plans to scale standardized, replicable industry solutions across California, Texas, and the Eastern U.S. while opening robot capabilities, skills, and application platforms to a broader base of developers and partners. Building on the launch of the FF EAI Robotics Open Source and Open Developer Platform, the Company expects to build a portfolio of 100 skills, and a developer community of 200 members by the end of 2026.
· Looking ahead, potentially benefiting from the new FCC policy environment, the Company is focused on establishing a sustainable revenue model and optimizing its balance sheet: driving continued revenue expansion and steady gross margin improvement across the Four-Core Full-Stack AI Ecosystem, led by commercial device shipments and accelerating monetization of the EAI robotics ecosystem; targeting cumulative shipments of more than 2,000 EAI robot units by year-end; and reducing total company liabilities to under $100 million within the next three to four quarters.
Los Angeles, CA (August 13, 2026) -- Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) ("FF", "Faraday Future", or the "Company"), a California-based global Embodied AI (EAI) ecosystem company, today announced financial results for its second quarter ended June 30, 2026, and provided updates on key operational and strategic developments.
“The second quarter of 2026 marked a major milestone as our robotic business is entering a new phase of revenue acceleration, with our strategy fully evolved into the ‘Four-Core Full-Stack AI’ ecosystem, cementing Faraday Future’s leading position in the U.S. Embodied AI robotics market,” said YT Jia, Global CEO of Faraday Future. “Driven by our ‘Built in USA’ initiative, localized data security, and full FCC policy alignment, we expanded our commercial scale while converting our technological first-mover advantage into market volume dominance. We have regained full Nasdaq listing compliance and achieved meaningful debt resolution, reflecting an integrated approach to clearing historical burdens, improving net equity, and establishing a lightweight legacy structure that empowers our core business.”
Jia added: “Looking ahead, we will continue our relentless focus on debt resolution and balance sheet optimization, laying a solid capital foundation for our next phase of growth. We are becoming the only complete, end-to-end robotics ecosystem enterprise in the United States, and establishing Faraday Future as the nation’s leader in Physical AI robotics education solutions. By continuing to scale our Four-Core flywheel, expanding our developer ecosystem, and executing our Capital Value Restoration Plan, we are positioned to drive sustainable profitability, lead the U.S. robotics transformation, and deliver long-term value for our stockholders.”
SECOND QUARTER 2026 HIGHLIGHTS
EAI Robotics Commercial Traction and Shipment Execution
The total cumulative sales and shipments of robotics units were 220 units for the quarter, with single-month sales and shipments reaching 105 units in June alone. The Company maintained its cumulative shipment target of 2,000 EAI robots by year-end.
The Company advanced strategic cooperation with Triple I Group to deploy its EAI devices in educational settings, while RobotShop confirmed drop-shipping support following procurement evaluations.
Upgraded the Three-in-One EAI Ecosystem to Four-Core Full-Stack AI Ecosystem
The Company officially upgraded its robotics roadmap from a Three-in-One model to the Four-Core Full-Stack AI Ecosystem Strategy, integrating the EAI Brain, EAI Devices, Industry Productivity Solutions and Developer Platform, and EAI Data Factory. Under this strategy, device deployment expanded across its six-product series and three form factors, including the launch of the industrial grade FF Faber mobile manipulator series.
Ecosystem software and data platforms also achieved key execution milestones. The EAI Data Factory platform completed its commercial closed loop during the quarter, generating initial sample payments. Customer engagement remains strong. FF launched its Open Developer Platform with open SDK and API interfaces, established California’s first education innovation lab, and onboarded Sequoia Education Center as a flagship partner.
Regulatory Alignment and Established “Built in USA” Program
Recent FCC guidance restricting non-compliant foreign robotics in the domestic market has strengthened Faraday Future’s competitive positioning. Operating as a domestic enterprise with full FCC certifications across its product lineup, the Company launched its Global Value-Chain Partner Recruitment Initiative to serve as a compliant gateway for global component suppliers and OEMs expanding into the United States.
FF is uniquely positioned to capitalize on this historic strategic opportunity through its seven core competitive advantages: the "Full-Form FF EAI Robot World" built around six major product series and the "One Brain, Multiple Forms" and "Multiple Forms, Multiple Capabilities" strategies; the "Four-Core Full-Stack AI" ecosystem integrating the EAI Brain, EAI Devices, Industry Productivity Solutions & Developer Platform, and EAI Data Factory; its "5+1" ecosystem-based direct-sales and user co-creation system spanning key customer touchpoints; its compliance capabilities as a U.S.-based company; its data-driven evolutionary flywheel powered by large-scale deployment and real-world data; its asset-light, operationally lean financial model focused on positive product gross margins and payment-before-delivery discipline; and its differentiated capital value, supported by the potential standalone value-unlocking path for its robotics business.
The Company accelerated its three-phase “Built in USA Acceleration Program”, potentially moving from localized AI platform integration into Assembled in USA and Made in USA manufacturing. Under its Global Bridge Strategy, all R&D, operations, continuous model iterations, and data storage for the EAI Brain, Data Factory, and Developer Platform aim to remain localized within the United States to ensure complete regulatory compliance while integrating global supply chains for final device delivery.
Capital Structure Optimization and Legacy Debt Resolution
Faraday Future executed a series of decisive capital markets and balance sheet initiatives driven by the Company’s conviction that the true commercial value of its EAI robotics business is significantly higher than what is currently reflected in the Company’s market capitalization. To unlock this value, the Company’s debt solution program is advancing along two parallel tracks consisting of combining operating debt reduction with capital-structure optimization. As of the end of the second quarter, excluding the liability for the new fundings below, the actual debt reduction exceeded $100 million. This included an approximately $61 million reduction in total liabilities, which decreased to approximately $278 million at second quarter from approximately $340 million at the end of the second quarter of 2025. Regarding the financings disclosed, $42.5 million was deposited into accounts subject to deposit account control agreements and was classified as restricted cash as of June 30, 2026.
FF is systematically clearing historical operating burdens while establishing long-term debt management and internal control mechanisms.
In parallel, the Company took aggressive steps to optimize its broader capital structure, secure operating liquidity, and protect stockholder equity. FF secured $70 million in cumulative new institutional commitments, permanently canceled approximately 49.9 million Class A warrants since December 2025, and amended its $82 million convertible note agreement to eliminate VWAP-based pricing conditions and most warrant issuances.
Following a 1-for-150 reverse stock split effective July 24, 2026, the Company received formal confirmation from Nasdaq that it has regained full minimum bid price compliance. Removing legacy obligations across both operating and capital levels provides a cleaner, highly flexible balance sheet that enables the robotics business to accelerate commercial deployment while actively evaluating independent capital strategies, including standalone financing and a potential independent public listing roadmap.
Enterprise AI Systems and Corporate Governance
The Company continued advancing its AI governance framework, refining management structures across AI application governance, risk classification, token cost visualization, and lifecycle data management. Operational processes were deepened through AI integration to advance workflow automation, productivity evaluation, task tracking, and cross-departmental knowledge sharing.
On compliance and internal controls, FF elevated its risk management, cybersecurity governance, and information disclosure systems. These optimizations strengthen privacy controls, improve cross-functional auditability, and ensure regulatory adaptability as the Company scales operations.
RESULTS FOR SECOND QUARTER 2026
· Revenue: For the second quarter of 2026, total revenue reached $836,000, representing an increase of over 1,400% compared to $54,000 in the second quarter of 2025 and bringing cumulative first-half revenue to $1.35 million.
· Cost of Revenue: Decreased 57% year-over-year from $26.91 million in Q2 2025 to $11.54 million in Q2 2026.
· Net Loss: $38.96 million for the second quarter of 2026, representing a 69% decrease from $124.7 million in Q2 2025, marking an $85.71 million year-over-year bottom-line improvement driven by revenue contribution, healthier product contribution margin, structural cost optimization and disciplined operating expense management.
· Total Stockholders’ Equity: $1.41 million as of June 30, 2026, maintaining a positive equity position.
2026 OUTLOOK
Looking ahead, the second half of 2026 represents a critical period of operational scaling, regulatory alignment, and capital discipline as Faraday Future advances its Five Key Transformations across finance, strategy, business operations, capital structure, and AI systems. With its robotics roadmap formally expanded to the Four-Core Full-Stack AI Ecosystem Strategy, the Company is concentrating its resources on commercial revenue expansion, domestic assembly execution, systematic debt resolution, and establishing a clear trajectory toward sustainable profitability.
Financial Outlook
Embodied AI (EAI) Robotics serves as Faraday Future’s primary near-term commercial engine. Driven by rising demand across four key commercial sectors, Education, Industrial Applications, Security Inspection, and Existing Core Commercial Markets, the Company is targeting cumulative shipments of more than 2,000 EAI robot units by year-end.
Moving into the second half of 2026, our financial strategy is focused on establishing a sustainable revenue model and achieving balance optimization through three primary pillars:
Revenue and Ecosystem Growth – Accelerate the growth of all businesses across our Four-Core Full-Stack AI Ecosystem strategy, driving continued revenue expansion and steady improvement in overall gross margin, driven primarily by commercial device shipments and accelerating monetization of our EAI robotics ecosystem.
Liability Reduction – We reemphasize our clear debt resolution target to reduce total company liabilities to under $100M within the next three to four quarters, providing continued support for the growth of our robotics business.
Operating Cash Flow Optimization – We are building a differentiated growth model based on our strategic upgrades to continuously optimize operating cash flow. This approach supports near-term cash flow generation with limited additional capital investment, while backing our long-term ecosystem expansion.
Four-Core Full-Stack AI Ecosystem: Integrating Devices, Brain, Data, and Productivity Solutions
Building on its initial commercial traction, the Company is executing its expanded "Four-Core Full-Stack AI" framework, unifying EAI Devices, the EAI Brain, Industry Productivity Solutions and Developer Platform, and the EAI Data Factory. This integrated architecture allows Faraday Future to monetize the entire hardware, software, data, and service lifecycle.
On the EAI Devices front, we are accelerating deployment across key verticals including education, industrial, and security/inspection, continuously expanding the robotics product portfolio and scaling commercial deliveries.
The EAI automotive business remains one of FF’s core businesses and an important component of the Company’s overall EAI strategy. The Company will proceed with a highly disciplined and prudent approach, strictly aligning the pace of execution and capital deployment with the availability of dedicated funding, and will not accelerate the business unless and until sufficient funding has been secured. Meanwhile, FF will align its execution with the development plans and progress of its strategic partners.
On the EAI Brain front, the Company expects to further deepen the integration of NVIDIA’s technology stack with FF’s proprietary EAI Brain, robotics platform, and data infrastructure over the course of this year. We will continue advancing GR00T training and validation on embodied AI capabilities including complex grasping and multi-step manipulation, while driving SONIC technology from simulation-based training toward full body robot control on real hardware and cross platform migration across different robot form factors.
On the EAI Data Factory front, the Company will further close the complete loop encompassing real‑world robot data collection, training, evaluation, deployment, and continuous learning. This will accelerate the formation of a self‑reinforcing flywheel — “Device → Data → Brain → Solution → Device” — and build an embodied AI technology framework that is quantifiable, continuously iterable, and scalable across diverse robot morphologies, providing core technical support for the ongoing evolution of our autonomous EAI Brain, industry solutions, and the broader Four‑Core Full‑Stack AI Ecosystem. The EAI Data Factory is expected to reach a monthly production capacity of 2,100 qualified real-world data collection hours by the end of August, 20,000 hours by the end of December, and a total of 50,000 hours of data collection for the full year.
On the Industry Productivity Solutions and Developer Platform front, we are building standardized, replicable, and scalable industry solutions to enhance customer value and return on investment (ROI), with planned geographic expansion across California, Texas, and the Eastern U.S. within the year. Concurrently, we are continuously strengthening the developer ecosystem by opening up robot capabilities, skills, and industry application platforms to attract more developers and partners to co‑build the robotics application ecosystem.
For the Developer Platform, we completed a full business closed loop, deploying our EAI Soul framework, Brain Block modular architecture, open SDK, and API interfaces in the second quarter. We officially launched the FF EAI Robotics Open Source and Open Developer Platform, featuring both General and Youth Developer Editions alongside four core developer tools. For the remainder of 2026, we are continuing to streamline our product portfolio to prioritize robotics products with clear commercialization potential and positive unit economics. Supported by expanding demand across our key use cases, specifically education, by the end of 2026, we aim to ship more than 2,000 EAI robot units, expand our portfolio to 100 skills, and grow our developer community to 200 members. Together with real-world data collection across multiple use cases, these efforts will lay a solid foundation for larger-scale shipments and broader data collection in the years ahead.
Manufacturing & Product Compliance: Accelerating "Built in USA" Phase 2
In manufacturing and mobility, the Company is advancing its domestic production strategy into Phase 2, aiming to transition from localized AI platform integration to "Assembled in USA" manufacturing. This domestic footprint reinforces supply chain resilience, shortens delivery timelines, and directly leverages recent regulatory actions—such as new FCC equipment authorization policies and evolving ICTS standards restricting foreign-produced robotics—positioning Faraday Future as a trusted, fully compliant supplier of Physical AI hardware in the United States.
Across both its vehicle and robotics portfolios, Faraday Future continues to optimize its product roadmap, prioritizing high-margin offerings characterized by near-term commercial viability, rapid monetization, and positive unit-level economics.
Capital Strategy: Capital Value Restoration Plan and Debt Resolution
From a capital perspective, Faraday Future is aggressively pursuing its Capital Value Restoration Plan to enhance capital efficiency, curb equity dilution, resolve legacy liabilities, and rebuild stockholder trust. Key Initiatives:
· Exploring Standalone Financing and Public Listing for the Robotics Business – We are actively evaluating independent financing and potential public listing opportunities for our robotics segment. Such a move would secure dedicated growth capital for our EAI ecosystem, reduce equity dilution at the FFAI level, and directly benefit our stockholders.
· Accelerating Historical Debt Resolution – Our total liabilities at the end of the second quarter of 2026 declined by more than $100 million compared with the same period in 2025, excluding the $42.5 million in restricted cash received from financing and its corresponding liability. We are targeting a further reduction to below $100 million over the next three to four quarters, and we have committed that any new capital raised will be allocated primarily to robotics business development, rather than to servicing legacy obligations.
· Strengthening Financing Discipline – We have locked in a conversion floor price of $5.00 per share for the substantial majority of our outstanding convertible notes and have imposed daily conversion caps to strictly mitigate dilution risk.
· Focusing on Operating Revenue Growth and Cost Controls – We are intensifying efforts to drive revenue growth and contain costs, thereby reducing our reliance on external financing while steadily advancing our long‑term debt reduction targets.
Our EAI ecosystem continues to gain traction, and our underlying fundamentals are improving. Nevertheless, management believes that our current market capitalization does not yet reflect the true potential of our robotics business. Collectively, the above initiatives are expected to optimize our capital structure, unlock business value, and generate sustainable long‑term value for our stockholders.
Long-Term Positioning
Faraday Future is solidifying its market position as a leading U.S.-based Physical AI enterprise and the premier full-stack AI-robotics provider in North America. Concurrently, the Company is accelerating its organizational transition into an AI-native business, embedding artificial intelligence across management, financial, and compliance systems to maximize operating leverage. Anchored by its Four-Core Full-Stack AI ecosystem, Phase 2 "Built in USA" domestic assembly, and disciplined Capital Value Restoration Plan, Faraday Future is focused on driving organic revenue growth, clearing historical liabilities, and realigning its public market valuation with the intrinsic worth of its Physical AI technology platform.
EARNINGS WEBCAST
Faraday Future management will host a webcast today, August 13, 2026, at 7:00 p.m. Eastern time (4:00 p.m. Pacific time). Interested investors and other parties can listen to the conference call by either logging into: https://viavid.webcasts.com/starthere.jsp?ei=1772066&tp_key=069a8ec43b or onto the Investor Relations section of the Company's website at https://investors.ff.com/. A replay of the webcast will be available on the Company's website shortly thereafter. More detail on FF’s 2026 Q2 earnings, when filed, can be found in our SEC filings and online at https://investors.ff.com/financial-information/sec-filings.
ABOUT FARADAY FUTURE
Founded in 2014, Faraday Future (FF) is a U.S.-based Physical AI ecosystem company dedicated to reshaping the future of robotics and mobility solutions through AI innovation and technologies. FF focuses on two major product strategies within the Embodied AI (EAI) robotics business: EAI humanoid and bionic robots, and EAI automotive-focused robots. By building a "Four-Core Full-Stack AI" ecosystem of EAI Brain, Device, Industry Productivity Solutions and Developer Platform, and Data Factory, FF aims to create an evolutionary flywheel: scaled device delivery, data collection and training, continuous evolution of the EAI Brain, stronger product capability, and even larger-scale delivery and deployment. Through this flywheel, FF seeks to maximize its commercial value and lead to the advancement of Physical AI. For more information, please visit Faraday Future’s official website: https://www.ff.com/
FORWARD LOOKING STATEMENTS
This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “plan to,” “can,” “will,” “should,” “future,” “potential,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding FF’ vehicle business and FF’s entry into the embodied AI robotics market, involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements.
Important factors, that may affect actual results or outcomes include, among others: the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations, which it currently lacks; the availability of sufficient share capital to meet its current obligations and execute on its strategy; the willingness of convertible debt investors to fund the Company; demand for the Company’s robotics products; the ability of B2B preorder companies to locate customers to purchase our robotics products, on which their nonbinding preorders substantially depend; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; the ability of the Company to build an EAI education ecosystem that serves both the B2C consumer market and the B2B institutional education market; the acceptance by teachers and students of the Company’s robotics products in the education market; the ability of the Company to expand into additional markets for its robotics products; the Company’s reliance on a single OEM for most of its robotics products; the Company’s reliance on Chinese OEMs for all of its robotics products; the possibility of the federal government banning imports of Chinese robotics products; the Company’s ability to get the planned robotics products to comply with all applicable U.S. rules and regulations; the ability of the robotics OEM to timely supply robotics to the Company; tariff uncertainty for imported products, particularly from China; demand from automobile dealers for robotics products; the Company's ability to homologate FX vehicles for sale; the Company’s ability to secure the necessary funding to execute on the FX strategy, which is substantial; the Company’s ability to secure an occupancy certificate covering all of its Hanford facility; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of substantial losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-Q for the quarter ended June 30, 2026; the quarter ended March 31, 2026, filed with the SEC on May 14, 2026, and Form 10-K filed with the SEC on March 31, 2026, and other documents filed by the Company from time to time with the SEC.
CONTACTS
Investors (English): ir@ff.com
Investors (Chinese): cn-ir@faradayfuture.com
Media: john.schilling@ff.com
