Hesai Technology Reports Fiscal Year 2026 Third-Quarter Net Profit of 80.79 Million Yuan

IT Home November 10 news, Hesai Technology today released the report for the third fiscal quarter (July 2026 – September 2026) of fiscal year 2026 (January 2026 – December 2026):

• Total Operating Revenue: 1,070,000,000 yuan, a year-on-year increase of 34.3%

• Gross Profit: 439,000,000 yuan

• Gross profit margin:41%

• Net profit attributable to shareholders of the parent company: 80,790,000 yuan, a year-on-year increase of 13.7%

• LiDAR delivery volume: 729,673 units, a year-on-year increase of 65.3%

• Robot power module delivery volume: 23,405 sets, a period-on-period increase of 96.8%

AI Interpretation

Hesai Technology's revenue for the third fiscal quarter of 2026 was slightly higher than market consensus expectations, and the performance exceeded institutional expectations.

Company and Core Performance Overview

Hesai Technology is a leading global LiDAR manufacturer, providing sensing hardware and data engine solutions for autonomous driving, robotics, and spatial intelligence fields. This release presents the unaudited results for the third fiscal quarter of 2026: Quarterly revenue reached 1070000000 yuan, A year-on-year increase of 34.3%; GAAP net profit reached 80790000 yuan, having achieved GAAP profit for six consecutive quarters, after excluding one-time gains Net profit increased by 13.7% year-on-year; The gross profit margin was 41%, maintaining a stable level.

Strategic growth business volume increased

The company's Strategic Growth Business (SGI) became the core growth engine this quarter: Strategic Growth Business revenue reached 90,510,000 yuan, a month-on-month growth of 101.4%. Among them, the single-quarter delivery volume of robot power modules was 23,405 units, a month-on-month growth of 96.8%, with monthly capacity increased to 10,000 units, and full-body joint modules have entered the mass production stage; as of September 30, 2026, the cumulative shipment reached 35,295 units, which have already been equipped in multiple products of the AI robot company Sharpa.

LiDAR business maintains market leadership

• LiDAR deliveries this quarter were 729673 units, a year-on-year increase of 65.3%; according to Gaishi Automotive Research Institute data, Hesai's market share in the Chinese in-vehicle primary LiDAR market reached 43% in September 2026, continuously maintaining the industry first position.

• According to the Yole Group report, Hesai firmly holds the first place in the 2025 global Robotaxi LiDAR market with a market share of 62%.

• The Ultra-Dry Line ETX LiDAR has newly been selected by five leading global automakers, with orders on hand exceeding 1000000 units; in September, a new strategic cooperation was reached with JD.com, using 6D full-color LiDAR to empower its unmanned logistics vehicles and robot business.

Spatial intelligence business Kosmo commercial landing

Hesai's 3D World Data Engine Kosmo is officially released, simultaneously launching the world's first 8K ultra-high-definition AI spatial camera Kosmo One and AI cloud platform Kosmo World, which has started contributing revenue since the first batch of prototype shipments in July 2026; cooperation has been reached with RenderMan under Pixar, Galbot robots, Force Lingji, and Amap under Alibaba, with the first batch of 1000 pilot units covering shopping malls, retail stores, restaurants, hotels, and brand stores.

Future Outlook

The company expects the annual shipment volume of robot power modules to reach a six-figure scale in 2027, the LiDAR business continues to penetrate more models and scenarios, and the spatial intelligence business will continue to expand into diverse commercial scenarios, with the growth curve becoming further clear.

Related reading:

• 《Hesai Technology's attributable net profit for the first half of fiscal year 2026 was 88,865,000 yuan, a year-on-year increase of 234.9%》

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