StocksMediumUpdated×2•Originally published 10 November 2026•Updated 10 November 2026•
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Hesai Group Revenue Grows 34.3% as Company Issues Upbeat Q4 Guidance
Key Facts
1Hesai Group reported a net income of RMB80.8 million (US$12.1 million) for the third quarter of 2026.
2Quarterly net revenues reached RMB1,068.3 million with 729,673 lidar units shipped.
Hesai Group's revenue rose 34.3% year-over-year to RMB1,068.3 million during the third quarter of 2026. GlobeNewswire reported that the company achieved a net income of RMB80.8 million (US$12.1 million), supported by the total shipment of 729,673 lidar units.
Hesai Group expects Q4 revenue to range between RMB1,100 million and RMB1,150 million, while targeting $100 million in SGI revenue for 2027. HSAI closed at $14.31 on November 9, 2026, as robotic actuation module shipments jumped 96.8% sequentially to 23,405 units during the third quarter.