NASDAQ$HSAI

Hesai Group · Q4 2026 earnings

Q4 2026 earnings · · After market close · Investor relations

Briefing

Hesai reported Q1 2026 net revenues of $98.7M and GAAP net income of $2.7M, or $0.02 diluted EPS.

Net revenues were RMB680.6 million (US$98.7 million), up 29.6% YoY, driven by higher lidar ASP and volume. GAAP net income was RMB18.3 million (US$2.7 million). ADAS business generated ~RMB42 million operating profit; Kosmo simulation platform expected to contribute ~RMB100 million in 2026 revenues.

  • Net revenues $98.7M (+30% YoY).
  • GAAP net income $2.7M; non-GAAP EPS $0.04.
  • ADAS operating profit ~RMB42M.
  • Kosmo platform launches scalable simulation revenue model.

Headline financials

Total Revenue

$98.7M

No prior period
EPS (adj)

$0.04

No prior period
Net Income

$2.7M

No prior period

Revenue & EPS history

Hesai · Revenue · Quarterly

$98.7M

Q4 2026
Beat estimate in 7 of 10 quarters(70%)
ActualEstimate

Forward guidance

Management outlook in the 6-K covers operating priorities, capital allocation, and sector risks; numeric multi-quarter EPS bridges are limited.

Tailwinds

  • MD&A highlights strategic priorities and liquidity.
  • Segment or product trends support the core business narrative.

Headwinds

  • Macro, rates, or input costs may pressure near-term margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 12 quarterly earnings reports · overlaid with Q4 2026

Historical avgQ4 2026

+2.4%

Avg return

Earnings day

-4.5%

Avg return

5 days after

+2.8%

Avg return

30 days after

31%

4 / 13 earnings

Positive

+50.4%

Q4 2024

Best reaction

-21.3%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-1.8%+8.3%-3.8%
Q1 2025-0.9%-12.1%+7.7%
Q4 2024+50.4%+23.7%-21.4%
Q3 2024+44.7%+72.6%+171.3%
Q2 2024-4.6%-2.4%-9.2%
Q1 2024-12.0%-9.9%-8.7%
Q4 2023-10.4%-19.4%-12.2%
Q3 2023+11.4%-1.6%-2.3%
Q2 2023+9.3%-8.9%-9.3%
Q1 2023-15.9%-16.9%+10.0%
Q4 2020-8.7%-29.3%-27.3%
Q4 2021-8.7%-29.3%-27.3%
Q4 2022-21.3%-33.0%-31.4%
Q3 2022
Q2 2022
Q1 2022
Q3 2021
Q2 2021
Q1 2021
Q3 2020
Q2 2020
Q1 2020

Discussion

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