Hesai Group Shares Climb 12% On Strong LiDAR Demand And Autonomous Driving Momentum |
SHANGHAI — Shares of Hesai Group surged more than 11% in morning trading Tuesday, reaching $22.35 as investors continued to reward the Chinese lidar technology leader for robust first-quarter results, record shipments and strategic wins in the expanding autonomous vehicle and robotics markets.
The rally came on solid volume, reflecting renewed optimism around companies enabling advanced driver assistance systems and artificial intelligence-powered perception technologies. As of 11:54 a.m. EDT, Hesai shares had risen $2.32, or 11.61%, on the Nasdaq. The move extended recent gains and pushed the company's market capitalization above $3.5 billion.
Record Shipments Drive Q1 Growth
Hesai reported first-quarter 2026 net revenues of RMB680.6 million (approximately $98.7 million), representing a 29.6% increase from the same period in 2025. Total lidar shipments reached 471,723 units, up 140.9% year-over-year, with ADAS lidar deliveries surging 141.9% to 353,441 units.
The company returned to profitability, posting GAAP net income of RMB18.3 million ($2.7 million), compared to a loss in the prior-year period. Gross margin stood at approximately 39%, supported by higher volumes despite some pressure from product mix shifts toward more affordable solutions.
CEO David Li highlighted broad-based demand across both automotive and robotics segments. The company guided for second-quarter revenue between RMB850 million and RMB900 million, implying 20% to 27% year-over-year growth. For the full year, Hesai expects to ship between 3 million and 3.5........