US Stock Market Move | Hesai (HSAI.US) rises over 10%; institutions expect Q3 revenue to increase 30.47% year-over-year.

On Friday, Hesai (HSAI.US) rose over 10% to $14.20. On the news front, Hesai announced on October 20 that it will release its unaudited financial results for the third quarter of 2026 before the U.S. market opens on November 10, and will hold an earnings conference call at 7:00 a.m. Eastern Time that day. Institutions expect Hesai to achieve revenue of RMB1.038 billion in Q3 2026, an increase of 30.47% year-over-year. According to the "Robotaxi 2026" report released by Yole Group on October 29, Hesai ranked first in the global Robotaxi lidar market in 2025 with a 62% share, exceeding the combined share of all other suppliers. Its lidar has been selected by globally leading L4 autonomous driving projects such as Baidu Inc Sponsored ADR Class A Apollo Go, Pony.ai, WeRide, DiDi, Motional, Aurora, and KargoBot.