HSAI Hesai Group (HSAI) Q1 FY26 earnings call
Hesai Group announced a strategic paradigm shift from spatial perception to spatial intelligence, positioning itself as a key enabler of Physical AI. This quarter was highlighted by a significant partnership with Mercedes-Benz for Level 3 autonomy and strong financial performance, including robust revenue growth and sustained profitability. The company introduced new innovations like Picasso 6D full-color LiDAR and the Kosmo spatial intelligence device, alongside new Robotic Actuation Modules, signaling a broader expansion beyond traditional LiDAR.
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HSAI operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| LiDAR shipments | 471K+This performance was supported by total lidar shipments of over 471,000 units for the first quarter with both broad-based ADAS and Robotic shipments more than doubling year-over-year.Source: earnings call transcript | 628K+Total lidar shipments reached over 628,000 units, up close to 80% year-over-year.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.