Hesai: Underlying Performance Stronger Than Q3 Numbers Suggest

Impact · against what's priced in

Hesai's shift toward robotics and strong gross margins provide a positive outlook, though the 3Q26 results largely establish a baseline for FY26 earnings. The guidance for FY27 growth in Strategic Growth Initiatives serves as the primary forward-looking catalyst.

HSAI+0.50

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In context

Robotics-related businesses now contribute over half of group-level sales, reducing reliance on the Chinese auto sector, while ADAS lidar shipments grew 67.6% in 3Q26.

Read from the article alone

• lidar▲400%
• china▲37%
• earnings
• HSAI
• adas
• auto sector
• autonomous driving
• robotics