{"id":1019218,"date":"2026-11-10T03:33:07","date_gmt":"2026-11-10T08:33:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hesai-group-reports-third-quarter-2026-unaudited-financial-results\/"},"modified":"2026-11-10T03:33:07","modified_gmt":"2026-11-10T08:33:07","slug":"hesai-group-reports-third-quarter-2026-unaudited-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hesai-group-reports-third-quarter-2026-unaudited-financial-results\/","title":{"rendered":"Hesai Group Reports Third Quarter 2026 Unaudited Financial Results"},"content":{"rendered":"
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\n Quarterly net revenues were RMB1,068.3 million (US$159.3 million)<\/em>
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\n Quarterly lidar shipments were 729,673 units<\/em>\n <\/p>\n

\n Quarterly robotic actuation module shipments were 23,405 units<\/em>\n <\/p>\n

\n Quarterly net income was RMB80.8 million (US$12.1 million)<\/em>\n <\/p>\n

SHANGHAI, China, Nov. 10, 2026 (GLOBE NEWSWIRE) — Hesai Group (Nasdaq: HSAI; HKEX: 2525) (\u201cHesai<\/strong>\u201d or the \u201cCompany<\/strong>\u201d), a Physical AI infrastructure company, today announced its unaudited financial results for the three months and nine months ended September 30, 2026.<\/p>\n

\n Management Remarks<\/strong>\n <\/p>\n

\u201cThe third quarter of 2026 marked another step in Hesai\u2019s evolution into a full-stack infrastructure platform for Robotics and Physical AI,\u201d said Dr. Yifan \u201cDavid\u201d Li, Hesai\u2019s Co-Founder and CEO. \u201cOur lidar business remains a scaled, profitable cash engine, with growth fueled by premium ET-series lidar wins with five leading global OEMs, including a top European automaker and Cadillac; rising adoption of multi-lidar configurations in China and overseas; and new programs with Wuling and Chery that expand lidar into high-volume mass-market vehicles and export markets. Meanwhile, in robotics, Hesai ranked No.1 globally in the 2025 robotaxi lidar market with a 62% share, according to Yole Group. We also partnered with JD.com, China\u2019s largest retailer by revenues, leveraging our 6D full-color lidar and advanced perception capabilities to support its ambition to build the world\u2019s largest robotics fleet.\u201d<\/p>\n

Dr. Li continued, \u201cOur Strategic Growth Initiatives (SGI) are rapidly taking shape as Hesai\u2019s next growth engine, unlocking new opportunities across the data and hardware infrastructure layers of Robotics and Physical AI. Launched globally in October, Kosmo, our 3D world data engine, transforms real-world environments into high-fidelity, editable, AI-ready 3D assets. Within just months of demo shipments, this category-defining innovation has already begun generating revenues and securing real-world deployments with best-in-class global players, including Pixar\u2019s RenderMan. Commercial traction spans robotics training, film and entertainment, cultural heritage, spatial navigation, and beyond. Our robotic actuation modules\u2014the robotic motion engine\u2014also ramped up in volume sharply, with full-body modules joining robotic hands in mass production and Q3 shipments surging 97% sequentially to 23,405 units. We\u2019re just getting started in Physical AI.\u201d<\/p>\n

\u201cThe third quarter of 2026 marked further progress in our growth strategy, as our core lidar business continued to scale profitably and SGI gained commercial momentum. Third-quarter net revenues grew approximately 34% year-over-year to RMB1,068 million, supported by quarterly shipments of 729,673 lidar units and 23,405 robotic actuation modules, despite headwinds in the broader automotive market. SGI is scaling ahead of plan, with revenues for the first nine months already surpassing our original full-year target of RMB100 million,\u201d said Mr. Andrew Fan, Hesai\u2019s CFO. \u201cRobotic actuation modules, which typically account for over 50% of a humanoid\u2019s bill of materials, are ramping up rapidly, with cumulative shipments reaching 35,295 units by Q3 quarter-end. Together with the new revenue stream from Kosmo, this supports our reaffirmed 2026 SGI revenue guidance of RMB200 million to RMB300 million. As we gain further customer validation, we are stepping up investment in SGI while maintaining financial discipline. We delivered net income of RMB81 million and our sixth consecutive quarter of GAAP profitability. Our core lidar business, in particular, reported income from operations of RMB145 million in the third quarter, up 88% year-over-year. Our ambition is clear: to become a leading infrastructure platform for the era of Robotics and Physical AI.\u201d<\/p>\n

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\n All translations from RMB to USD for the third quarter of 2026 were made at the exchange rate of RMB6.7045 to US$1.00, the exchange rate on September 30, 2026, set forth in the H.10 statistical release of the Federal Reserve Board.<\/sub>\n <\/p>\n