Earnings ·
Hesai reports Q3 revenue of RMB1.07B as lidar shipments surge 65% year-over-year
HSAIHesai Group
Hesai Group reported third-quarter net revenues of RMB1,068.3 million (US$159.3 million), a 34.3% increase from the prior year period. The company shipped 729,673 lidar units and 23,405 robotic actuation modules, with total shipments rising 65.3% year-over-year. Net income was RMB80.8 million (US$12.1 million), down from RMB256.2 million in the same quarter of 2025 due to one-time gains realized previously. The firm maintained its sixth consecutive quarter of GAAP profitability and reaffirmed full-year Strategic Growth Initiatives revenue guidance of RMB200 million to RMB300 million. Hesai Group is a Physical AI infrastructure company providing lidar, spatial intelligence platforms, and robotic actuation modules for autonomous mobility and robotics.