Hesai Q3 2026 net income drops 69% year over year to RMB 80.8 million
HSAI•Hesai's third-quarter net income fell 69% year over year to RMB 80.8 million, while revenue rose 34% to RMB 1.07 billion. The company expects fourth-quarter revenue of RMB 1.1 billion to RMB 1.15 billion.
1. Quarterly results
Hesai's third-quarter 2026 net income fell 69% year over year to RMB 80.8 million, reflecting prior-year one-time income from an equity disposal and an intellectual-property transfer. Net revenue increased 34% to RMB 1.07 billion, and lidar shipments rose 65% to 729,673 units.
2. Shipments and outlook
Robotic actuation module shipments rose 97% from the second quarter to 23,405 units. ET-series lidar design wins with five global automakers represented a combined order book exceeding 1 million units. Hesai expects fourth-quarter 2026 net revenue of RMB 1.1 billion to RMB 1.15 billion.
