Hong Kong · Delayed Price · Currency is HKD Horizon Robotics Earnings Call Transcripts
Fiscal Year 2026
-
Revenue grew 32.9% YoY to RMB 2.055 billion in H1 2026, with gross margin steady at 66%. HSD and Journey 6 SoCs drove market share gains, and global expansion accelerated. Full-year revenue is expected to exceed RMB 5 billion, with breakeven targeted for 2028.
Fiscal Year 2025
-
Revenue grew 57.7% to CNY 3.8B in 2025, led by strong automotive and licensing growth, with gross margin at 64.5%. Market share in intelligent driving surged, HSD mass production began, and 60% annual growth is targeted for the next three years.
-
Revenue surged 67.6% year-on-year to RMB 1.57 billion, driven by doubling shipment volumes and a 70% increase in ASP, with mid to high-end solutions now accounting for half of shipments. Adjusted operating loss widened due to strategic R&D and cloud investments.
Fiscal Year 2024
-
Revenue surged 53.6% to RMB 2.4 billion in 2024, driven by strong Automotive Solutions growth and rising market share. Gross margin reached 77.3%, and net profit was RMB 2.3 billion. Outlook for 2025 is robust, with delivery volumes expected to surpass 10 million units.