Lates News

Hesai Technology announced its unaudited financial results for the third quarter of 2026. Quarterly revenue was RMB 1.068 billion (approximately USD 159 million), up 34.3% year-over-year; net income was RMB 80.8 million, down 68.5% year-over-year; Non-GAAP net income was RMB 119 million, down 58.6% year-over-year; gross margin was 41%, compared with 42.1% in the same period last year. Total LiDAR shipments in the third quarter were 729,700 units, up 65.3% year-over-year; of which ADAS LiDAR shipments were 638,100 units, up 67.6% year-over-year, and robotics LiDAR shipments were 91,600 units, up 51.1% year-over-year. Robotics actuator module shipments were 23,400 units, up 96.8% quarter-over-quarter. As of the end of the third quarter, the company's cash reserves were RMB 6.977 billion. The company expects fourth-quarter revenue of RMB 1.1 billion to RMB 1.15 billion.