Earnings call transcript: Hesai Q2 2026 revenue rises 22% as stock falls premarket

Hesai Group revealed a 22% increase in Q2 2026 revenue and a 60% rise in profit during its earnings call, as investors reacted cautiously before the U.S. market opened. The company's stock dropped 10.35% to $16.20, following a six-month decline of 34%. Hesai reported revenue of RMB 861 million, or $127 million, and net income of RMB 71 million, or $10 million.

The company highlighted its three-layer strategy: see, understand, and act. LiDAR technology for safer autonomous vehicles is gaining regulatory support, with China and the U.S. implementing strict standards. Hesai secured a design win with Great Wall Motor for mass production of its ultra-long-range ETX LiDAR. The company's COSMO platform for spatial intelligence and robotic actuation modules are also generating revenue and expanding.

Analysts remain optimistic, with a consensus strong buy rating and price targets between $25 and $36.