Hesai Group (NASDAQ: HSAI) — Q2 2026 Post Earnings

Post earnings note company quarterly analysis

Operations

Q2 2026
Q2 Revenue ↑ 21.9% YoY ¥860.83M
Divisions
LiDAR Business 94.8%
Strategic Growth Initiatives 5.2%

Key Earnings Driver

Robotics LiDAR Business revenue increased 15.5% year over year to RMB815.9M, with total LiDAR shipments increasing 78.4% to 628,275 units, including 485,904 ADAS shipments and 142,371 Robotics shipments. The year over year increase was mainly attributable to increased deliveries of both ADAS and Robotics lidar products driven by robust demand, both in China and globally. ADAS shipments increased 60.1% and Robotics shipments increased 193.4%

Key Operating Metrics¹

METRIC

STATUS

LiDAR Business↑ 15.5%

ADAS

Robotics

🟢 Scaling

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from website and/or SEC filings for Q, with status based on reported data.