Hesai Reports Strong Q2 Earnings with Revenue Growth, Increased Shipments, and Strategic Expansion
In its second-quarter earnings call for fiscal year 2026, Hesai (NASDAQ: HSAI) reported total net revenues of RMB 861 million ($127 million), a 22% increase from the prior year. This growth was driven by higher deliveries in ADAS and robotics lidar products. The company also achieved GAAP net income of RMB 71 million ($10 million), up 60%, marking its fifth consecutive quarter of profitability. Hesai highlighted strong performance across both automotive and robotics sectors, with total lidar shipments reaching 628,275 units—a year-over-year increase of 78.4%. ADAS lidar shipments grew by 60.1% to 485,904 units, while robotics lidar shipments surged by 193.4% to 142,371 units due to rising demand from embodied AI and humanoid robotics companies.
Tickers: $HSAI
Topics: growth guidance profitability revenue shipments