Despite a challenging period for its share price, Chinese technology giant Xiaomi has proceeded with another significant repurchase of its own stock. On February 20, 2026, the company acquired approximately 4.3 million of its Class B shares, spending HK$152.2 million. This transaction occurred on a day when its equity declined by 3.55%, closing at HK$35.36. Since the start of the year, the stock has retreated by nearly 10%.
Strategic Capital Return Program in Focus
This latest move forms part of a systematic buyback scheme unveiled in January. Xiaomi has allocated up to HK$2.5 billion for this purpose, with transactions being executed through an appointed broker. The program saw its first major activity on January 30, when the firm bought back 4.2 million shares for HK$149.8 million.
Market experts have given the company’s growth prospects their highest rating, although technical momentum indicators currently appear weak. The ongoing capital return effort has thus far been met with a mixed performance on the charts.
Should investors sell immediately? Or is it worth buying Xiaomi?
Quarterly Results Highlight EV Segment Strength
The context for these buybacks is a business performance showing divergent trends across divisions. Xiaomi’s group revenue for the third quarter of 2025 expanded by 22% year-over-year. This surge was primarily fueled by the company’s new electric vehicle unit. In contrast, the core smartphone and consumer electronics business reported a more modest growth of approximately 2%. Over the same three-month period, operating profit jumped by an impressive 81%.
Upcoming Smartphone Launch at Key Industry Event
Attention now turns to Xiaomi’s product roadmap. The company is scheduled to unveil its new flagship smartphone series—the Xiaomi 17 and 17 Ultra—in Barcelona on February 28, 2026, just ahead of the Mobile World Congress. These devices will be powered by Qualcomm’s Snapdragon 8 Elite Gen 5 processor and feature Leica-engineered camera systems. Notably, the international versions will ship with slightly reduced battery capacities compared to the China models: 6,330 mAh and 6,000 mAh, respectively. The launch event livestream will offer viewers access to extended warranty and repair service promotions.
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