Hesai Group Sponsored ADR (HSAI)
NASDAQ:HSAI
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Earnings Data
Report Date
Aug 19, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.11Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Q1 2026
Earnings Call Date:May 19, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call conveyed strong operational and commercial momentum: accelerating shipment scale (guidance to 3.0–3.5M units), robust Q1 revenue growth (+30% YoY to RMB 681M), healthy gross margins (>39%), expanding market share (43% global, ~55% China), major OEM design wins including Mercedes‑Benz, and product innovation (Picasso, ETX, Kosmo) that position the company for long‑term growth. Near term, management is deliberately investing in SGI (Kosmo and actuators), which produced an operating loss (RMB 51M) and pushed operating expenses +9% YoY; blended ASPs are declining due to mix shift into ADAS volumes. Overall, the positives — scale, profitability at the core lidar business, dominant market share, backlog and high‑profile OEM partnerships — materially outweigh the early‑stage SGI losses and ASP mix headwinds.Company Guidance
Major OEM Partnership — Mercedes‑Benz Level 3 Supply
Confirmed strategic lidar partner and supplier for Mercedes‑Benz Level 3 models covering Europe and China; production supported by new Galileo manufacturing center in Thailand, accelerating global OEM penetration.
Record and Rapidly Scaling Shipments
Delivered a record 1.6 million lidar units in the prior year and expects 2026 shipments to approximately double to 3.0–3.5 million units, reaffirming leadership scale and global footprint.
Strong Q1 2026 Financial Performance
Q1 net revenues RMB 681 million (USD 99 million), up 30% year‑over‑year; GAAP net income RMB 18 million (USD 2.7 million) and non‑GAAP net income RMB 48 million (USD 6.9 million); eighth consecutive quarter of YoY revenue growth.
Healthy Profitability and Margins
Company reported a gross margin above 39% in Q1 and delivered GAAP operating profit from the core lidar business of RMB 42 million, extending GAAP profitability to four consecutive quarters and non‑GAAP to six.
Market Leadership and Share Gains
Ranked #1 globally in long‑range ADAS lidar shipments with a 43% market share in 2025 (Yole Group); China market share reached about 55% in March 2026 (Gasgoo), roughly triple the second player and the 14th consecutive month at #1.
Strong Demand, Backlog and OEM Deployments
Broad OEM adoption with Hesai lidar featured in 56 vehicle models across 24 brands at Beijing Auto Show; backlog exceeds 6 million units; Li Auto began deliveries of a multi‑lidar model (May 15, 2026) marking mass deployment of FTX blind‑spot lidar.
Breakthrough Product Innovation — Picasso and ETX
Introduced Picasso, the first 6D full‑color SPAD‑SoC that fuses RGB and depth at chip level; ETX supports up to 4,320 channels and 600m range. Secured exclusive design win with KargoBot for commercial deployment; ETX SOP expected H2 2026.
New Strategic Growth Initiatives (SGI) — Kosmo
Launched Kosmo, an AI‑integrated spatial intelligence device that rapidly generates photorealistic 3D environments (200 sqm reconstruction in ~1/5 the time of existing 3DGS and ~1/50 of traditional methods); early orders in place and SGI expected to generate ~RMB 100 million revenue in 2026 with a path to ~RMB 500 million in 2027.
Q2 2026 Guidance and Near‑term Volume Outlook
Q2 revenue guide RMB 850–900 million (USD 123–130 million), implying ~20–27% YoY growth; Q2 shipment guidance approximately 650,000 units; reaffirmed full‑year lidar shipment target of 3.0–3.5 million units.
HSAI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HSAI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 19, 2026 | $22.01 | $20.02 | -9.02% |
Mar 24, 2026 | $23.58 | $20.24 | -14.16% |
Nov 11, 2025 | $23.06 | $20.78 | -9.89% |
Aug 14, 2025 | $23.32 | $25.59 | +9.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hesai Group Sponsored ADR (HSAI) report earnings?
Hesai Group Sponsored ADR (HSAI) is schdueled to report earning on Aug 19, 2026, After Close (Confirmed).
What is Hesai Group Sponsored ADR (HSAI) earnings time?
Hesai Group Sponsored ADR (HSAI) earnings time is at Aug 19, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HSAI EPS forecast?
HSAI EPS forecast for the fiscal quarter 2026 (Q2) is 0.11.