Earnings ·
Hesai Group reported second quarter 2026 net revenues of RMB860.8 million (US$126.9 million), a 21.9% increase…
HSAIHesai Group
Hesai Group reported second quarter 2026 net revenues of RMB860.8 million (US$126.9 million), a 21.9% increase year-over-year, driven by robust demand for ADAS and Robotics lidar products. Total lidar shipments reached 628,275 units, with ADAS shipments up 60.1% to 485,904 units and Robotics shipments surging 193.4% to 142,371 units. The company achieved net income of RMB70.6 million (US$10.4 million), marking its fifth consecutive quarter of GAAP profitability. Strategic Growth Initiatives contributed RMB44.9 million in revenue, led by robotic actuation modules supplied to Sharpa and early traction for the Kosmo spatial intelligence platform. Management raised full-year 2026 SGI revenue guidance to RMB200-300 million from RMB100 million, citing stronger-than-expected commercialization momentum. The company also secured major design wins with Volkswagen, Great Wall Motor, and Li Auto. Hesai Group operates in the technology industry, specializing in 3D perception solutions including lidar sensors for autonomous vehicles and robotics.