Hesai Q2 Revenue Up 22%, Raises SGI Guidance to RMB200-300M

summarizeSummary

Hesai Group reported Q2 2026 revenue of RMB860.8 million, up 21.9% year-over-year, with net income up 60% to RMB70.6 million. The company raised its full-year SGI revenue guidance to RMB200-300 million and guided Q3 revenue to RMB1,100-1,150 million.

check_boxKey Events · Earnings and Guidance · HSAI

• Q2 Revenue and Profit Beat

  Net revenues reached RMB860.8 million (US$126.9 million), up 21.9% year-over-year, while net income rose 60% to RMB70.6 million (US$10.4 million).

• SGI Guidance Raised

  Full-year 2026 Strategic Growth Initiatives revenue guidance increased from RMB100 million to RMB200-300 million, driven by strong demand for robotic actuation modules and Kosmo.

• Q3 Revenue Outlook Strong

  Company expects Q3 2026 net revenues between RMB1,100 million and RMB1,150 million, representing 38-45% year-over-year growth.

• Lidar Market Leadership

  Hesai captured 44% of China's long-range ADAS lidar market in June 2026, maintaining the No.1 position for 17 consecutive months.

auto_awesomeAnalysis · HSAI · Technology

Hesai delivered a strong quarter with revenue growth of 21.9% and net income up 60% year-over-year, marking its fifth consecutive quarter of GAAP profitability. The company raised its full-year Strategic Growth Initiatives revenue guidance from RMB100 million to RMB200-300 million, reflecting stronger-than-expected commercialization of its robotics actuation modules and Kosmo spatial intelligence platform. New design wins with major automakers including Volkswagen and Great Wall Motor, plus a 44% share of China's long-range ADAS lidar market, reinforce Hesai's competitive position. The Q3 revenue guidance of RMB1,100-1,150 million implies 38-45% year-over-year growth, suggesting continued momentum.