Hesai reports Q3 2026 lidar deliveries of 729,700 units
11/10/2026 — 11/11, 00:19·1 sources (all)·1 reports (all)
Key takeaways
- Hesai reported its Q3 2026 results on November 10: lidar deliveries reached 729,700 units, up 65.3% year over year, while revenue rose 34.3%…
- excluding it, net profit grew 13.7%. Lidar contributed RMB 978 million in revenue, while robotics and spatial intelligence remained loss-mak…
Background & analysis
On November 10, 2026, Hesai Group released its Q3 2026 earnings report. Hesai delivered 729,700 LiDAR units in the third quarter, a 65.3% year-over-year increase. Of these, LiDAR units aimed at assisted driving accounted for 638,100 units, up 67.6% year-over-year, and remained the main volume driver. Total revenue was CNY 1.068 billion, up 34.3% year-over-year, coming in below the company's prior guidance of CNY 1.1 billion to CNY 1.15 billion.
Net income was CNY 80.79 million, down 68.5% year-over-year. According to the company, this was mainly because the year-ago period included roughly CNY 185 million in one-off gains from an equity investment disposal and IP transfer. Excluding that one-time gain, net income rose 13.7% year-over-year.
By segment, the LiDAR business contributed CNY 978 million in revenue and CNY 145 million in operating profit, up 22.9% and 88% respectively. Strategic growth businesses, including robot actuator modules and a spatial intelligence platform, generated CNY 90.51 million in revenue while posting an operating loss of CNY 82.89 million. Combining both segments, Hesai's Q3 operating profit was CNY 62.58 million, down 19.1% year-over-year.
On the order front, Hesai won the prime LiDAR design win for a Wuling model and secured high-end prime LiDAR programs from Cadillac, Geely, Great Wall Motor and others. Leapmotor and a European automaker, meanwhile, selected Hesai's blind-spot LiDAR. The available reporting stops there.
AI-generated from 1 reports · updated 3 days ago
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Hesai shipped 729,700 lidar units in the third quarter, up 65.3% year over year, according to its Q3 report released November 10. Revenue rose 34.3% to 1.068 billion yuan, below its own guidance of 1.1 to 1.15 billion yuan, while net profit fell 68.5% to 80.79 million yuan largely because of a one-off gain a year earlier. Its lidar segment contributed 978 million yuan in revenue, while the robotics and spatial intelligence unit posted 90.51 million yuan in revenue and an 82.89 million yuan operating loss.
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