Faraday Future (NASDAQ:FFAI) released first-quarter financial results and hosted an earnings call on Thursday. Read the complete transcript below.
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View the webcast at https://viavid.webcasts.com/starthere.jsp?ei=1762529&tp_key=f62d2cee38
Summary
Faraday Future reported Q1 2026 revenue of $512,000, a significant increase from $316,000 in the same period last year, with a focus on robotic devices as a new revenue source.
The company has shifted its strategic focus to an AI-first ecosystem, emphasizing humanoid and bionic robotics while postponing full-scale vehicle production until securing long-term funding.
Faraday Future aims to ship 1,500 robotic units in 2026, with 68 units already delivered by April, and is expanding its dealer network and product offerings, including educational robotics.
Operational costs have been reduced, with a 33% decline in G&A expenses, and the company reported a narrowed loss from operations compared to the previous year.
Recent capital market activities include securing $45 million in new financing and restructuring agreements to support the EAI strategy, alongside efforts to regain NASDAQ compliance and combat illegal short selling.
Full Transcript
OPERATOR
Greetings. Welcome to Faraday Future’s first quarter 2026 earnings call. this time, all participants are in a listen only mode. If anyone should require operator assistance during the conference, please press Star 0 on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to John Schilling, Director of Public Relations and Communications. Thank you. You may begin.
John Schilling (Global Director of Public Relations, Communications and Government Affairs)
Good evening everyone and thank you for joining Faraday Future’s first quarter 2026 earnings call. My name is John Schilling, Global Director of Public Relations, Communications and Government affairs here at Faraday Future. Today I am joined by our Global CEO YT Zha. Before we begin, please note that today’s discussion will include forward looking statements based on current expectations and assumptions. These statements involve risks and uncertainties that could cause actual results to differ materially. We encourage you to review our SEC filings for a detailed discussion of these risks. We undertake no obligation to update forward looking statements except as required by law. Following prepared remarks, we will address a selection of stockholder questions submitted in advance and with that I’ll turn the call over to YT, our Founder and Global CEO.
YT Zha (Founder and Global CEO)
Thank you John and thank you to those joining us here today. I would like to thank the company and the Board for their trust in acknowledging and appointing me as global CEO. In today’s call, I will provide an update on Faraday Future’s first quarter 2026 results, key progress from the first quarter through today and our outlook for the next stage of growth FF will officially evolve into a US based physical AI ecosystem company focusing on two product engines within its EAI (Evolutionary Artificial Intelligence) robotics business, EAI (Evolutionary Artificial Intelligence) Humanoid and Bionic robots and EAI (Evolutionary Artificial Intelligence) Automotive robots. Committed to an AI first philosophy by building a three in one ecosystem consisting of device brain and open source and open developer platform and data. FF aims to create an evolutionary flywheel of scaled device delivery, data collection and training, continuous evolution of the EAI (Evolutionary Artificial Intelligence) brain, stronger product capability and larger scale delivery with the goal of maximizing commercial value. In terms of business model, FF generates platform revenue through agent skill revenue sharing, platform service fees and enterprise solutions. At the same time, through EAI (Evolutionary Artificial Intelligence) brand licensing, FF can extend its general intelligence capabilities to more robust and intelligent devices, creating scalable licensing revenue. More importantly, every skill call, agent operation and device deployment will continuously accumulate real world data which will flow back to the EAI (Evolutionary Artificial Intelligence) brain through the data factory. This creates an evolutionary flywheel and builds EAI (Evolutionary Artificial Intelligence) ecosystem infrastructure that will be difficult to replicate in the physical AI era. From a strategic execution standpoint, our first phase will focus primarily on humanoid and bionic Robotics with EAI (Evolutionary Artificial Intelligence) Automotive Robotics serving as a complementary business. And I also want to reiterate something very clearly regarding our vehicle robotics business. We will only fully launch that business once we have secured strategic or long term investment and sufficient funding to support scaled production and delivery. Until then, we will continue moving forward in a disciplined way with low cost, low capital intensity, low risk and a strong focus on maximizing stockholder value. Let me now walk through our business update the first quarter of 2026 was a pivotal period for our robotics business as our three in one EAI ecosystem strategy began forming a tangible commercial closed loop EAI device update devices serve as the physical gateway to our strategy. We’re accelerating deployment of FF’s robotic devices across vertical use cases, capitalizing on our first mover advantage as the first US company to deliver humanoid and bionic robots. On February 4th, we officially released three series of EAI Robot Futurist Master and EGS. During the event the company announced a cumulative non binding, non refundable paid pre orders for our robot products totaling over 1,200 units. The delivery of our EAI robots started in late February with positive product growth margins. The total shipments have reached 68 units by the end of April. This provides a new asset light high margin revenue source that is expected to support short term cash flow while reinforcing our long term ecosystem strategy. We are also actively expanding our dealer network to concurrently support the sales of both EAI EVs and EAI robots. Following the NADA Dealer Summit, we signed MOUs with several mainstream US dealerships for both FX Super 1 and robot sales and we continue to explore diversified sales models including customized leasing programs, EAI Brain and Open Source and Open Developer Platform update Our Brain Smart products are leveraging an open source foundation model and our data factory, we are building a proprietary EAI Brain that bridges simulation and real robot data training. This creates a closed loop of efficient SIM to SIM and SIM to real deployment and continuous model self evolution targeting manipulation autonomy by year end. To date we have successfully built a cross platform architecture for our self developed EAI Interactive brain. With commercial demos now running across multiple sectors. Our proprietary data portal, cloud platform and robot management backend v1.0 are live laying the smart management groundwork for large scale operations. Open source and open developer platform is the enabling system for our strategy. By opening our platform to global developers, we significantly expand the value and diversity of our ecosystem, speed up the flywheel and establish one of FF’s most important levers for creating a differentiated competitive mode. We held our EAI Developer Platform Strategy Launch in San Francisco officially initiating the era of EAI robot education tailored for AI natives, we achieved the first practical application of OpenClaw on our robots and are successfully testing its expansion across various scenarios. Data Factory Update Data fuels our strategy. as the first US company to deliver humanoid and bionic robots, we are moving aggressively to build a first mover advantage in the data business with the goal of fully commercializing our data factory to close the loop. We closed the R&D to sales loop in just two months after we launched our three in one strategy in February. Our data factory, powered by our proprietary data os, replaces the costly custom built data collection model and we’ve signed and begun delivery on our first sales order within two months of launch. The data factory consists of two components, centralized and decentralized. For centralized data factory, we developed a full stack in house software suite covering collection, validation, upload and conversion on par with industry benchmark tools and with the core toolchain fully under our control, the first centralized supermarket shelf scenario is deployed at our LA headquarters and our teleoperation data business is an active market outreach for decentralized data factory. We built our own data collection software, eliminating the need to purchase costly third party robot hardware just to access basic software licenses. The full pipeline from collection and processing to FF cloud upload is up and running and we’ve collected the first batch of pilot real world data across our EAI devices. We’ve signed MOU with Boston International Business School to jointly establish the Bibs SFAI Robotics Institute, the first industry driven …
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