Skip to main content
Grafa
Technology
Hesai Q2 revenue jumps 21.9% to RMB860.8 million
Image for illustrative purposes only. Not a real photo.

Hesai Q2 revenue jumps 21.9% to RMB860.8 million

Share
  • Hesai reported Q2 2026 revenue of RMB860.8 million, up 21.9%, while net income increased 60% to RMB70.6 million.
  • Hesai shares were down 5.23% at $17.12 in extended trading shortly after the results were released.
  • The company expects Q3 revenue of RMB1.10–1.15 billion and raised full-year Strategic Growth Initiatives revenue guidance to RMB200–300 million.

Hesai Group (NASDAQ:HSAI) reported Q2 2026 revenue of RMB860.8 million, up 21.9%, as lidar shipments reached 628,275 units.

Net income increased 60% year over year to RMB70.6 million, while total lidar shipments expanded across both ADAS and Robotics products.

ADAS lidar shipments rose 60.1% year over year and Robotics lidar shipments increased 193.4%, while gross margin fell to 40.1% from 42.5%.

Operating income declined to RMB2.2 million, non-GAAP net income reached RMB101.3 million, and Hesai forecast Q3 revenue of RMB1.10–1.15 billion.

Following the announcement, Hesai Group's share price was down 5.23% at $17.12 in extended trading.

Hesai ended June with RMB7.05 billion in cash reserves and raised its full-year 2026 Strategic Growth Initiatives revenue forecast to RMB200–300 million.

The company has also expanded its lidar strategy through Mercedes-Benz vehicle programs and a Southeast Asian distribution partnership with Grab.

Q&A / FAQ

SEO

Slug:

Meta Title:

Frequently asked questions