Hesai Reports Strong Growth in Robotics Segment Amid Continued Automotive Success
In Q2 2026, Hesai Group (NASDAQ:HSAI) reported a significant increase in robotics-related lidar shipments and revenue from its newer actuation and spatial intelligence businesses. Total net revenues rose by 22% year-over-year to RMB 861 million, with overall lidar unit shipments increasing by 78.4%. The company's strategic pivot into the robotics market is gaining traction as robotics lidar shipments nearly tripled compared to last year. Hesai remains a dominant player in China’s automotive ADAS lidar segment and has secured new design wins with major automakers like Volkswagen, Great Wall Motor, and GAC Toyota. The company also achieved its ninth consecutive quarter of revenue growth and fifth straight period of GAAP profitability, reporting net income up 60% to RMB 71 million. Despite these gains, the shift toward robotics has led to a slight decline in gross margin due to lower-margin product contributions. Additionally, Hesai's Strategic Growth Initiatives segment reported an operating loss for the quarter as it continues investing heavily into research and development.
Topics: automotive tech financial performance lidar robotics