China's Hesai Group Q1 revenue rises

Hesai

19/05/2026 09:46

Overview

China lidar tech firm's Q1 revenue grew yr/yr, driven by broad-based demand

Q1 net income was RMB18.3 mln, marking fourth consecutive quarter of GAAP profitability

Outlook

Company expects SGI segment to contribute RMB100 mln net revenues in 2026, starting H2

Result Drivers

SHIPMENT VOLUME - Q1 revenue growth was driven by total shipments of 471,723 lidar units, reflecting broad-based demand across ADAS and Robotics

LIDAR BUSINESS PROFITABILITY - Lidar business generated an operating profit of RMB42 mln, contributing to overall GAAP net income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
RMB 680.80 mln
Q1 Net Income Attributable
RMB 18.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Hesai Group is HK$247.60, about 40.4% above its May 18 closing price of HK$176.40

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)