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Xiaomi (1810 HK) Q1 2026 (CNY): Revenue 99.14bln (exp. 98.85bln), Net 6.07bln (exp. 5.83bln); notes of headwinds from higher component prices, including memory, and industry competition; plans HKD 20bln share repurchase

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Xiaomi’s R&D expenses increased 33% Y/Y in the first quarter. Company continued to optimise operating efficiency and invest in core technologies such as AI. Capex +20% Y/Y to CNY 3.3bln.

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U.S. Markets

Eli Lilly (LLY) Q2 2026 (USD): Adj. EPS 8.38 (exp. 6.01), Revenue 23bln (exp. 20.7bln)

LLYGeopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday