26 May 2026 13:38:52 ET │ 15 pages Vi e w p o i n t | Pony AI (PONY.O/2026.HK) 1Q26 Beat; Upward Revision to Robotaxi Fleet & Revenue CITI'S TAKE Pony AI reported 1Q26 revenue at US$34mn, beating VA consensus US$24mn, driven by Robotaxi revenue +395% YoY to US$9mn (fare- charging revenue +457% YoY) and intelligent solutions revenue +246% YoY to US$15mn. 1Q26 GPM remained relatively stable at 16.2% (vs. 1Q25's 16.6%), with mixed impact from the growth of high-margin Robotaxi revenue and low-margin intelligen ...