Earnings
Home›Earnings›Results›Hesai Q2 revenue rises as LiDAR shipments surge
Hesai Q2 revenue rises as LiDAR shipments surge
LiDAR operating profit was RMB66.2 million, but Strategic Growth Initiatives swung to a RMB64.0 million loss as the company ramped robotics and spatial-intelligence products.
Hesai Group reported second-quarter revenue of RMB860.8 million, up 21.9%, as total LiDAR shipments increased 78.4% to 628,275 units. The company said net income rose 60% to RMB70.6 million, its fifth consecutive quarter of GAAP profitability, even though the stock fell 5.3% on Tuesday.
On the segment level, Hesai generated RMB66.2 million of operating profit from its LiDAR business, while its Strategic Growth Initiatives recorded a RMB64.0 million operating loss, leaving consolidated operating income of RMB2.2 million. Strategic Growth Initiatives posted its first revenue of RMB44.9 million, driven by robotic actuation modules.
Hesai also raised its 2026 SGI revenue guidance to RMB200 million to RMB300 million, and management expects the segment to approach about $100 million in revenue and reach breakeven in 2027. The company reported ADAS LiDAR shipments rose 60.1% to 485,904 units, while robotics LiDAR shipments jumped 193.4% to 142,371 units.
For commercialization progress, Hesai said it delivered more than 10,000 robotic actuation modules by quarter end and is supplying Sharpa, while its Kosmo spatial-intelligence platform secured orders after prototype deliveries in July, expected to begin generating revenue in the third quarter. The company cited a liquidity balance of RMB7.05 billion as of June 30 and third-quarter revenue guidance of RMB1.10 billion to RMB1.15 billion, providing funding capacity for product development and manufacturing expansion.