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Hesai Group Reports Third Quarter 2026 Unaudited Financial Results

HSAI
  • Hesai Group reported Q3 2026 net revenues of RMB1,068.3 million (US$159.3 million), a 34.3% year-over-year increase.
  • Quarterly net income was RMB80.8 million (US$12.1 million), marking the company's sixth consecutive quarter of GAAP profitability.
  • Total lidar shipments reached 729,673 units in Q3, including 638,055 ADAS units and 91,618 robotics units.
  • Robotic actuation module shipments surged 97% sequentially to 23,405 units, with cumulative shipments reaching 35,295 units.
  • Hesai secured design wins for its ET-series lidar with five global OEMs, including a top European automaker, Cadillac, Geely, Great Wall Motor, and a leading NEV automaker.
  • The company expanded mass-market penetration with an AT-series design win with Wuling and secured export programs with Chery.
  • Hesai ranked No. 1 globally in the 2025 robotaxi lidar market with a 62% share according to Yole Group.
  • Strategic Growth Initiatives (SGI) revenue for the first nine months exceeded the full-year target of RMB100 million, reaching RMB135.5 million.
  • Hesai launched Kosmo, a 3D world data engine, in October 2026, generating revenue from hardware sales, subscriptions, and asset libraries.
  • Kosmo secured a partnership with Pixar's RenderMan to reduce VFX costs by up to 80% and integrate AI-generated content into film production.
  • Kosmo also partnered with Amap to enable spatial commerce across 1,000 retail and tourism locations in China.
  • Robotic actuation modules are now featured in Sharpa's D01 full-body robot and W02 dexterous hand, with capacity scaled to 10,000 units monthly.
  • Hesai expects Q4 2026 net revenues to range between RMB1,100 million and RMB1,150 million.
  • Cash reserves stood at RMB6,977.1 million (US$1,040.7 million) as of September 30, 2026.
Company
Hesai Group
Keywords
Nasdaq:HSAI, Hesai Group