Hesai Group (NASDAQ:HSAI) Announces Quarterly Earnings Results

Hesai Group (NASDAQ:HSAI) announced its quarterly earnings data on Tuesday. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07), Zacks reports. Hesai Group had a return on equity of 6.03% and a net margin of 14.75%.The firm had revenue of $126.70 million for the quarter, compared to analysts’ expectations of $126.00 million.

Here are the key takeaways from Hesai Group’s conference call:

• Strong Q2 results: Revenue rose 22% year over year to RMB 861 million, GAAP net income increased 60% to RMB 71 million, and gross margin remained 40%; this marked the fifth consecutive quarter of GAAP profitability.
• Core LiDAR shipments increased nearly 80% to more than 628,000 units, including a 60% increase in ADAS shipments and 193% growth in robotics LiDAR. Hesai reiterated its 2026 shipment target of 3.0 million to 3.5 million units and expects second-half seasonality to support the ramp.
• Strategic growth initiatives are commercializing faster than expected: actuation modules generated Q2 revenue, COSMO is expected to begin revenue contribution in Q3, and 2026 SGI revenue guidance was raised to RMB 200 million–RMB 300 million from RMB 100 million. Management expects SGI to reach approximately US$100 million in 2027 revenue and break even that year.
• Management is expanding Hesai beyond LiDAR into a full-stack robotics platform spanning sensing, spatial intelligence and actuation, but SGI remains loss-making, with a RMB 64 million operating loss in Q2, and its longer-term opportunity depends on successful customer validation, production scaling and adoption in emerging robotics markets.

Hesai Group Stock Performance

NASDAQ:HSAI opened at $17.11 on Wednesday. The firm’s fifty day simple moving average is $16.82 and its 200-day simple moving average is $20.78. The company has a quick ratio of 4.52, a current ratio of 4.97 and a debt-to-equity ratio of 0.03. The stock has a market cap of $2.40 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 0.75 and a beta of 1.37. Hesai Group has a fifty-two week low of $14.29 and a fifty-two week high of $30.85.

Key Stories Impacting Hesai Group

Here are the key news stories impacting Hesai Group this week:

• Positive Sentiment: Second-quarter revenue was RMB860.8 million, or approximately $126.9 million, slightly above the roughly $126.0 million analyst consensus. Hesai Group Reports Second Quarter 2026 Unaudited Financial Results
• Positive Sentiment: Management’s earnings call emphasized lidar-led momentum, supporting the longer-term growth case as Hesai expands its automotive and advanced-driver-assistance opportunities. Hesai Group Earnings Call Signals Lidar-Led Momentum
• Neutral Sentiment: The earnings call and transcript provide additional detail on production, customer demand and the company’s lidar strategy, but the market reaction was driven primarily by financial results and outlook. Hesai Group Q2 2026 Earnings Call Transcript
• Negative Sentiment: Hesai reported second-quarter earnings of $0.01 per share, missing the $0.08 consensus estimate by $0.07. The earnings shortfall is likely raising concerns about margin performance and the pace of profit growth. Hesai Group Earnings Results
• Negative Sentiment: Reports characterized the company’s updated outlook as weak, including its third-quarter 2026 guidance. Limited guidance detail in the announcement adds uncertainty for investors assessing near-term demand and profitability. Hesai Shares Fall After Q2 Miss and Weak Outlook

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HSAI. Weiss Ratings restated a “hold (c-)” rating on shares of Hesai Group in a research report on Friday, July 24th. Wall Street Zen raised Hesai Group from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $29.75.

Institutional Trading of Hesai Group

A number of institutional investors have recently added to or reduced their stakes in HSAI. Goldman Sachs Group Inc. lifted its position in shares of Hesai Group by 345.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,625 shares of the company’s stock valued at $18,346,000 after acquiring an additional 961,493 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Hesai Group in the 2nd quarter worth approximately $156,000. Daiwa Securities Group Inc. acquired a new stake in shares of Hesai Group in the 2nd quarter worth approximately $108,000. Qube Research & Technologies Ltd purchased a new position in Hesai Group in the 2nd quarter valued at approximately $368,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Hesai Group by 24.2% in the second quarter. The Manufacturers Life Insurance Company now owns 1,151,586 shares of the company’s stock valued at $25,277,000 after purchasing an additional 224,381 shares during the last quarter. Hedge funds and other institutional investors own 48.53% of the company’s stock.

About Hesai Group

Hesai Group is a technology company specializing in the development and production of advanced LiDAR (Light Detection and Ranging) sensors and perception software platforms for autonomous vehicles, robotics, industrial automation and mapping applications. The company’s core business centers on delivering high-performance, high-reliability LiDAR solutions designed to enable precise three-dimensional sensing and real-time environment perception. Hesai’s product lineup spans mechanical rotating LiDAR units, solid-state and MEMS-based sensors, as well as integrated software stacks for object detection, tracking and data fusion.

Founded in 2014 by a team of laser sensing and robotics researchers, Hesai built its reputation on improving range, resolution and reliability of LiDAR systems while driving down cost and size.