Hesai Q2 FY26 net income rises 60% to RMB 70.6 million; net revenues climb 21.9% to RMB 860.8 million
HSAI•Shipments surged while gross margin declined
Total lidar shipments rose 78.4% to 628,275 units; robotics lidar shipments more than doubled to 142,371 units.
Gross margin fell 2.4 percentage points to 40.1%; management cited a higher mix of lower-margin products.
Q3 revenue outlook points to continued growth
For Q3 2026, net revenues are forecast at RMB 1.1 billion to RMB 1.15 billion, implying 38% to 45% growth.
Q2 results show revenue growth and fifth straight quarter of GAAP profitability
Hesai posted Q2 2026 net revenues of RMB 860.8 million, up 21.9% year over year.
Net income climbed 60% to RMB 70.6 million, marking a fifth straight quarter of GAAP profitability.
