HSAI Hesai Group (HSAI) Q4 FY25 earnings call
Hesai Group achieved a landmark year in FY25, becoming the first lidar company to reach full-year GAAP profitability, driven by strong revenue growth and operational efficiency. The company is aggressively expanding its market leadership in both ADAS and Robotics, raising its 2026 shipment guidance significantly. Looking ahead, Hesai is positioning itself as a key enabler of physical AI, with plans to launch two new product lines ("eyes" and "muscles") expected to become a second growth engine.
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HSAI operating KPIs by quarter
| KPI | 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.