Hesai reports Q2 2026 revenue, profit growth, lifts SGI guidance

Hesai Gr (NASDAQ: HSAI ) released second-quarter financial results and hosted an earnings call on Tuesday.

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For comprehensive financial data and transcripts, visit View the webcast at Summary Hesai Gr reported second-quarter 2026 revenues of RMB 861 million, marking a 22% increase year-over-year, with a gross margin of 40% and a GAAP net income of RMB 71 million, up 60% year-over-year.

The company is expanding into a full-stack infrastructure platform for robotics and physical AI, comprising three layers: See (LiDAR), Understand (Cosmo), and Act (actuation modules).

LiDAR shipments reached over 628,000 units, an increase of nearly 80% year-over-year, with strong demand in both the ADAS and robotics markets.

Strategic Growth Initiatives (SGI) began contributing to revenues, with Q2 SGI revenues at RMB 45 million, and the company raised its full-year SGI revenue guidance to RMB 200-300 million.

Future outlook is positive, with Q3 revenue expected to be between RMB 1.1 to 1.15 billion, and full-year LiDAR shipments are projected to be 3 to 3.5 million units.

Management highlighted strategic collaborations and design wins with major global automakers and robotics companies, positioning Hesai Gr for significant growth in the robotics and physical AI sectors.

Full Transcript OPERATOR Hello ladies and gentlemen, thank you for standing by.

Welcome to Hesai Gr's second quarter 2026 earnings conference call.

At this time, all participants are in a listen-only mode.

There will be a presentation followed by a question-and-answer session.

If you wish to ask a question, you will need to press the star key followed by the number one on your telephone keypad.

Please note that today's conference call is being recorded.

I will now turn the call over to our first speaker today, Yong Ting Shi, the company's Head of Capital Markets.

Please go ahead.

Yong Ting Shi, Head of Capital Markets Hello everyone.

Thank you for joining Hesai Gr's second quarter 2026 earnings conference call.

Our earnings release is now available on our IR website at investor.hisaytech.com as well as via newswire services.

Today you will hear from our CEO, Dr.

David Lee, who will provide an overview of our recent updates.

Next, our CFO, Mr.

Andrew Fan, will address our financial results before we open the call for questions.

Before we continue, I refer you to the safe harbor statement in our earnings press release, which applies to this call as we will make forward-looking statements.

Please also note that the company will discuss non-GAAP measures today, which are more thoroughly explained and reconciled to the most comparable measures reported under GAAP in our earnings release and SEC filings.

With that, I'm pleased to turn over the call to our CEO, Dr.

David Lee.

David, please go ahead.

Dr.

David Lee, CEO Thank you.

Yongting, hello everyone.

Thanks for joining us.

Let me start with the headline: the second quarter of 2026 marks a major turning point for us; we are opening a truly exciting new chapter in our history.

Over the past decade we have built the technology, manufacturing, engine and commercial scale required to lead the LiDAR industry.

Today we are setting our sights on a much larger opportunity, expanding Hesai Gr into a full-stack infrastructure platform for robotics and physical AI, empowering them to see, understand and act.