Hesai Group (NASDAQ:HSAI) Issues Quarterly Earnings Results

Hesai Group (NASDAQ:HSAI) announced its quarterly earnings data on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07), Zacks reports. The company had revenue of $126.70 million for the quarter, compared to the consensus estimate of $126.00 million. Hesai Group had a net margin of 14.77% and a return on equity of 5.58%.

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 Price Performance

Shares of NASDAQ:HSAI opened at $17.77 on Thursday. The firm’s 50 day simple moving average is $16.83 and its two-hundred day simple moving average is $20.74. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.97 and a quick ratio of 4.52. Hesai Group has a 1-year low of $14.29 and a 1-year high of $30.85. The company has a market capitalization of $2.49 billion, a P/E ratio of 43.34, a P/E/G ratio of 0.70 and a beta of 1.37.

Analyst Upgrades and Downgrades

HSAI has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hesai Group in a research note on Friday, July 24th. Wall Street Zen upgraded Hesai Group from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $29.75.

Key Stories Impacting Hesai Group

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

• Positive Sentiment: Management’s second-quarter earnings call highlighted continued lidar-led momentum, supporting the long-term growth outlook as Hesai expands its automotive and robotics-related business. Hesai Group Earnings Call Signals Lidar-Led Momentum
• Positive Sentiment: Second-quarter revenue reached approximately $126.9 million, slightly above analysts’ expectations of $126.0 million, while the company remained profitable with a reported net margin of 14.75%. Hesai Group Reports Second Quarter 2026 Unaudited Financial Results
• Neutral Sentiment: Some investors view Hesai as a fundamentally improving lidar company, but the stock’s valuation remains demanding. The shares trade at roughly 40 times earnings and remain below their 200-day moving average, leaving room for debate over whether growth is adequately priced in. Hesai Group: A Better Business At A Difficult Price
• Negative Sentiment: Second-quarter adjusted earnings of $0.01 per share fell short of the $0.08 consensus estimate, despite the revenue beat. Reports also cited a weak outlook, which pressured the stock initially and remains a risk to near-term investor sentiment. Hesai Shares Fall After Q2 Miss, Weak Outlook

Hedge Funds Weigh In On Hesai Group

Large investors have recently bought and sold shares of the business. Legal & General Group Plc purchased a new stake in Hesai Group during the third quarter worth $71,000. Quantbot Technologies LP acquired a new stake in Hesai Group in the third quarter valued at approximately $123,000. Daiwa Securities Group Inc. acquired a new position in shares of Hesai Group during the second quarter valued at approximately $108,000. Royal Bank of Canada raised its holdings in Hesai Group by 15.8% in the 4th quarter. Royal Bank of Canada now owns 5,311 shares of the company’s stock valued at $119,000 after acquiring an additional 726 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new position in Hesai Group during the second quarter worth about $156,000. 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.