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Hesai Group (HSAI) Form 6-K — Aug 18, 2026

$HSAIForm 6-KFiled Aug 18, 2026, 6:12 AM ET0001104659-26-098050Original filing

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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