Hesai Group Q4 2025 Earnings Call: Record Revenue, Strategic Partnerships, and 2026 Outlook
ByAinvest
Tuesday, Mar 24, 2026 3:07 pm ET1min read
HSAI--
Hesai Group reported Q4 2025 earnings with record revenue of over RMB3 billion (USD433 million), a 46% YoY increase. The company achieved a full year GAAP net income of RMB436 million (USD62 million) and exceeded 1.6 million LiDAR unit shipments. For 2026, Hesai expects LiDAR shipments between 3-3.5 million units and Q1 revenue guidance of RMB650-700 million (USD93-100 million), representing 24-33% YoY growth.
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