China's Hesai prelim Q2 revenue, net income rise on ADAS and robotics lidar strength

Hesai

18/08/2026 09:47

Overview
China lidar technology provider reported unaudited Q2 revenue of RMB860.8 mln
Net income for Q2 was RMB70.6 mln, up 60% yr/yr
Company says lidar business delivered profitable scale and strong cash generation

Outlook
Hesai expects Q3 2026 revenue of RMB1.10 bln-RMB1.15 bln, up about 38%-45% yr/yr
Company raises 2026 SGI revenue guidance to RMB200-300 mln from RMB100 mln
Company expects SGI segment to reach US$100 mln revenue and breakeven in 2027

Result Drivers
ADAS AND ROBOTICS SHIPMENTS - Co said ADAS lidar shipments grew 60% and robotics lidar shipments grew 193% yr/yr
SGI SEGMENT MOMENTUM - Co began recognizing revenue from SGI segment, driven by commercialization momentum and market demand
AUTOMAKER DESIGN WINS - Co secured new design wins and expanded partnerships with Great Wall Motor, Li Auto, GAC Toyota and Volkswagen

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
RMB 860.8 mln
 
Q2 Net Income Attributable
 
RMB 70.6 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "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$30.19, about 67.7% above its August 17 closing price of HK$18.00

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(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.)