Unitree rebounds above 700 yuan as embodied AI faces a commercial test
Unitree Robotics’ shares rose more than 10% intraday on October 28 and returned above 700 yuan after the company reported first-nine-month revenue of 1.817 billion yuan, up 55.71% year over year. Net profit attributable to shareholders rose 270.54% to 387 million yuan, but recurring profit fell 18.78% to 349 million yuan after excluding non-recurring items, while R&D spending climbed 191.48% to 263 million yuan. TMTPost’s analysis says Unitree’s rebound and expanding deployments indicate some industry recovery, although IPO slowdowns, higher venture-capital thresholds, declining rental prices, production costs and unproven generalization still prevent the sector from establishing a mature commercial model.
Unitree’s stock rebound and financial results provide a concrete test of whether the embodied-AI sector’s growing deployments, financing and demand are translating into sustainable commercial operations.
（本文作者为 具身商业前哨，钛媒体经授权发布）
文 | 具身商业前哨
最近，具身智能行业面临的质疑声不少。IPO节奏放缓，部分企业传出裁员消息，VC也开始提高项目门槛。这让很多人开始追问：行业的泡沫是不是快破了？
但就在此时，宇树的股价又爬回700元。10月28日，宇树盘中一度涨超10%，股价再次站上700元。
当晚，宇树披露2026年三季报：前三季度实现营收18.17亿元，同比增长55.71%；归母净利润3.87亿元，同比增长270.54%。
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