Hesai Group Q2 Earnings and Revenue Beat Expectations, Shares Rise Pre-Bell

Hesai Group, a holding company providing 3D LiDAR solutions, reported Q2 non-GAAP earnings and higher revenue, resulting in shares up pre-bell. The company's products, including AT series, FT series, and Pandar series, are used in ADAS and autonomous vehicles. Hesai operates through two segments: LiDAR and Gas Detection, with a presence in domestic and overseas markets.

Hesai Group (NASDAQ: HSAI), a global leader in 3D LiDAR solutions, reported its Q2 2025 unaudited financial results, demonstrating significant growth and profitability. The company's net revenues reached RMB706.4 million (US$98.6 million), up 53.9% year-over-year, and net income stood at RMB44.1 million (US$6.2 million), compared to a net loss in the previous year [1].

The company achieved record quarterly LiDAR shipments of 352,095 units, with ADAS LiDAR shipments increasing 275.8% year-over-year to 303,564 units. Hesai secured notable design wins, including a platform win with a top ADAS customer and a new design win with Toyota, positioning the company for continued revenue growth through 2026. The company also maintained its No.1 position in China's Robotics LiDAR shipments for H1 2025 and achieved the C-sample milestone with a top European OEM [1].

Financial highlights include a gross margin of 42.5% and strong operational metrics, with ADAS LiDAR shipments increasing 275.8% year-over-year to 303,564 units. The company maintained a solid cash position of RMB2,848.9 million (US$397.7 million) as of June 30, 2025. Hesai's Q2 results show remarkable growth with a 54% YoY revenue increase and first-time profitability, driven by surging ADAS LiDAR adoption [1].

Hesai's products, including the AT series, FT series, and Pandar series, are used in ADAS and autonomous vehicles. The company operates through two segments: LiDAR and Gas Detection, with a presence in domestic and overseas markets.

References:
[1] https://www.stocktitan.net/news/HSAI/hesai-group-reports-second-quarter-2025-unaudited-financial-8jkk4phut7nd.html