Hesai Group (HSAI) Form 6-K — Aug 18, 2026
Hesai Group reported second quarter 2026 net revenues of RMB860.8 million (US$126.9 million), up 21.9% year-over-year, with net income of RMB70.6 million (US$10.4 million), up 60.0% — its fifth consecutive quarter of GAAP profitability. Lidar shipments reached 628,275 units, up 78.4% year-over-year, with ADAS shipments up 60.1% and robotics lidar shipments surging 193.4%. Hesai held a 44% share of China's long-range ADAS lidar market in June 2026, ranking No.1 for the 17th consecutive month.
Key figures
- Eps
- RMB0.06 basic / RMB0.05 diluted for Q2 2026 (post 1-for-8 share subdivision)
- Revenue
- RMB860.8 million (US$126.9 million) for Q2 2026
- Guidance
- Q3 2026 net revenues of RMB1,100-1,150 million (US$162-169 million), up approximately 38-45% YoY; FY2026 SGI revenue guidance raised from RMB100 million to RMB200-300 million
- Net Income
- RMB70.6 million (US$10.4 million), +60.0% YoY
- Revenue Yoy
- +21.9%
- Cash Position
- RMB7,050.6 million (US$1,039.1 million) cash reserve as of June 30, 2026
- Employees
- 1249
- Gearing ratio
- 18.7% as of June 30, 2026
- H1 2026 revenue
- RMB1,541.4 million (US$227.2 million), +25.1% YoY
- Sgi 2027 target
- approximately US$100 million revenue with breakeven in 2027
- Share subdivision
- 1 existing share into 8 subdivided shares, effective July 10, 2026
- H1 2026 net income
- RMB88.9 million (US$13.1 million), +234.9% YoY
- Gross margin q2 2026
- 40.1% vs 42.5% in Q2 2025
- H1 2026 operating cash flow
- net cash used of RMB102.6 million
- Non gaap net income q2 2026
- RMB101.3 million (US$14.9 million), +38.3% YoY
- Sgi segment revenue q2 2026
- RMB44.9 million (first SGI revenue contribution)
- Adas lidar shipments q2 2026
- 485,904 units, +60.1% YoY
- H1 2026 total lidar shipments
- 1,099,998 units, +100.8% YoY
- Humanoid quadruped lidar rank
- No.1 in China per GGII
- Lidar segment revenue q2 2026
- RMB815.9 million
- Total lidar shipments q2 2026
- 628,275 units, +78.4% YoY
- Income from operations q2 2026
- RMB2.2 million vs RMB22.9 million in Q2 2025 (-90.4%)
- Robotics lidar shipments q2 2026
- 142,371 units, +193.4% YoY
- China long range adas lidar market share
- 44% in June 2026, No.1 for 17th consecutive month (per Gasgoo)
AI analysis
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