Hesai reports Q2 EPS 7c vs. (5c) last year

Reports Q2 revenue $98.61M vs. $63.14M last year. “The second quarter marked a surge in our growth momentum with net revenues soaring over 50% year-over-year and net income exceeding RMB40 million, beating our GAAP breakeven target-powered by strong customer demand and sharp operational execution,” said Yifan Li, Hesai’s (HSAI) Co-Founder and CEO. “In ADAS, the ‘Hesai Inside’ label is now widely recognized as a mark of advanced perception and safety in intelligent vehicles. Throughout the quarter and in recent weeks, we secured a substantial number of new design wins through 2026 for 20 models from 9 leading OEMs. Notably, we achieved a platform win for multiple 2026 models with one of our top 2 ADAS customers, further cementing lidar as a standard feature across this customer’s model lineups. These ADAS design wins will supercharge our order book, highlighting how lidars have emerged as a standard feature and are fueling mass-market adoption. Globally, we entered the C-sample stage with a top European OEM, keeping us on track for full-scale production and commercial launch expected in 2026. We also secured a new design win with Toyota, one of the world’s largest automakers, with mass production targeted for 2026, underscoring our expanding global footprint and world-class competitiveness. In the Robotics space, we ranked No.1 in lidar shipments in China for the first half of 2025, according to Gaogong Industry Research Institute. Our Robotics business is riding the wave of Physical AI as lidars become essential for AI to perceive the dynamic world and the best sensor for robotic mobility. This evolution will unlock vast new market opportunities ahead, which we’re uniquely positioned to capitalize on and lead-leveraging our automotive-grade expertise, global scale, and proven deployments across diverse industries. The stage is set. The lidar is on. The future-digital, physical, and AI-driven-has never looked sharper.”