Hesai Guides LiDAR Shipments to 3–3.5 Million Units, Unveils Two Physical AI Products
Hesai Group posted 46% y/y revenue growth in 2025 with a 14% net margin and projects LiDAR shipments of 3.0–3.5 million units in 2026, up from 1.6 million. The company announced a strategic shift into Physical AI with two new products to expand its robotics vision reach.
1. 2025 Financial Performance
Hesai delivered 46% year-over-year revenue growth in 2025 while maintaining a 14% net margin, demonstrating its ability to scale LiDAR production efficiently in a competitive hardware market.
2. 2026 Guidance and Shipments
Management projects LiDAR shipments of 3.0–3.5 million units in 2026, nearly double the 1.6 million units delivered in 2025, reflecting robust demand and planned capacity expansions.
3. Strategic Shift to Physical AI
The company announced a formal pivot into Physical AI, planning to launch two new products designed to integrate LiDAR hardware with robotics and AI-driven machine vision, aiming to diversify revenue streams and enhance long-term profitability.