BYD (BYDDY) Q3 profit jumps 28% on exports, but inventory balloons 60%

BYD’s Q3 2026 earnings are out, and net profit jumped 28% year-over-year to ¥10.02 billion as the Chinese automaker shipped more than half a million vehicles out of the country in just three months.

But the rest of the filing is messier. BYD’s inventory is up 60% since January, its cash pile has shrunk by almost half, and profit is still down for the first nine months of the year.

BYD is still operating at a high level, but its business is changing.

more…