Hong Kong · Delayed Price · Currency is HKD Hesai Group Earnings Call Transcripts
Fiscal Year 2025
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Delivered record revenue and industry-first GAAP net income in 2025, with strong growth in both ADAS and robotics LiDAR segments. 2026 guidance raised to 3–3.5 million units, new product launches expected to drive further expansion and margin resilience.
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Q3 saw record revenue and net income, with shipments up 229% year-over-year and strong gross margins. Full-year guidance was raised, driven by robust ADAS and robotics demand, new global partnerships, and a successful Hong Kong dual listing.
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Q1 2025 saw revenue up 46% year-over-year, shipments tripling, and net loss narrowing by 84%. Strong ADAS and robotics growth, major OEM wins, and robust guidance for 2025 reinforce leadership, with tariff risks deemed manageable and global expansion underway.
Fiscal Year 2024
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Record 2024 LiDAR shipments and revenues drove the first full-year non-GAAP profit, with 2025 guidance forecasting 1.2–1.5 million units shipped, RMB 3–3.5 billion in revenue, and robust margin and profit growth. Robotics and ADAS segments both show strong momentum.
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Q3 2024 revenue and shipments exceeded guidance, with strong gross margins and narrowing net loss. Q4 is projected to deliver record revenue and net profit, with full-year non-GAAP profitability expected. Major design wins, new product launches, and global expansion drive growth.
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Q2 2024 saw record revenue and shipments, robust gross margin at 45%, and narrowed net loss. Strong design wins and exclusive supplier status with major OEMs reinforce leadership in LiDAR, with profitability targeted for Q4 2024 and a solid outlook for 2025–2026.