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Hesai Group

HSAI

NASDAQConsumer CyclicalAuto - Parts

Open in GoAI

Regular session

$18.225

−$0.875 · -4.58%

Aug 24, 12:29 PM ET

HSAI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

75

Undervalued

Momentum

20

Strong Down

Sentiment

48

Mixed

Risk resilience

32

High Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Hesai Group, along with its various subsidiaries, focuses on the creation, production, and marketing of three-dimensional light detection and ranging (LiDAR) technologies. These sophisticated LiDAR solutions are utilized in a diverse array of applications, including advanced driver-assistance systems for both passenger and commercial automobiles, autonomous transportation services for people and goods, and specialized robotics like delivery robots, street-cleaning robots, and logistics robots operating in confined spaces. Founded in 2014, the company maintains its headquarters in Shanghai, China.

Industry
Auto - Parts
Sector
Consumer Cyclical
Headquarters
CN
CEO
Yifan Li
Listed since
Feb 9, 2023
Employees
1,249

Market position

Day range

Current $18.225

52-week range

Current $18.225

Open
$18.43
Previous close
$19.10
Volume
739.28K
0.41× average
Average volume
1.82M
Average daily volume
Market cap
2.65B USD
Beta
1.38
Market reference 1
50-day average
$16.8988
+7.85% above average
200-day average
$21.2605
-14.28% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
21.09B CNY
P/E (TTM)
35.97×
P/B (TTM)
2.14×
P/S (TTM)
5.33×
EV / EBITDA
34.6×
Earnings yield
2.00%
Free cash flow yield
-0.86%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
40.65%
Operating margin
3.69%
Net margin
14.93%
Return on equity
4.86%
Return on assets
3.87%
Return on invested capital
1.16%

Financial health

Debt / equity
0.09×
Current ratio
3.73×
Altman Z-score
6.09
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends62%26%-10%-46%Gross margin, FY2021: 52.97%Gross margin, FY2022: 39.24%Gross margin, FY2023: 35.24%Gross margin, FY2024: 42.59%Gross margin, FY2025: 41.79%Operating margin, FY2021: -36.81%Operating margin, FY2022: -31.45%Operating margin, FY2023: -30.45%Operating margin, FY2024: -9.86%Operating margin, FY2025: 4.08%Net margin, FY2021: -33.97%Net margin, FY2022: -25.01%Net margin, FY2023: -25.36%Net margin, FY2024: -4.93%Net margin, FY2025: 14.40%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.97%. Gross margin FY2022 39.24%. Gross margin FY2023 35.24%. Gross margin FY2024 42.59%. Gross margin FY2025 41.79%. Operating margin FY2021 -36.81%. Operating margin FY2022 -31.45%. Operating margin FY2023 -30.45%. Operating margin FY2024 -9.86%. Operating margin FY2025 4.08%. Net margin FY2021 -33.97%. Net margin FY2022 -25.01%. Net margin FY2023 -25.36%. Net margin FY2024 -4.93%. Net margin FY2025 14.40%.

Income trends

Revenue

3.03B CNY+45.76%

Operating income

123.54M CNY+328.45M CNY

Net income

435.88M CNY+538.26M CNY
Income trends across reported periods3.39B CNY1.95B CNY508.16M CNY−931.51M CNYRevenue, FY2021: 720.77M CNYRevenue, FY2022: 1.2B CNYRevenue, FY2023: 1.88B CNYRevenue, FY2024: 2.08B CNYRevenue, FY2025: 3.03B CNYOperating income, FY2021: −265.29M CNYOperating income, FY2022: −378.22M CNYOperating income, FY2023: −571.59M CNYOperating income, FY2024: −204.91M CNYOperating income, FY2025: 123.54M CNYNet income, FY2021: −244.83M CNYNet income, FY2022: −300.77M CNYNet income, FY2023: −475.97M CNYNet income, FY2024: −102.38M CNYNet income, FY2025: 435.88M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 720.77M CNY. Revenue FY2022 1.2B CNY. Revenue FY2023 1.88B CNY. Revenue FY2024 2.08B CNY. Revenue FY2025 3.03B CNY. Operating income FY2021 −265.29M CNY. Operating income FY2022 −378.22M CNY. Operating income FY2023 −571.59M CNY. Operating income FY2024 −204.91M CNY. Operating income FY2025 123.54M CNY. Net income FY2021 −244.83M CNY. Net income FY2022 −300.77M CNY. Net income FY2023 −475.97M CNY. Net income FY2024 −102.38M CNY. Net income FY2025 435.88M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue3.03B CNY2.08B CNY1.88B CNY1.2B CNY720.77M CNY
Cost of goods sold1.76B CNY1.19B CNY1.22B CNY730.68M CNY338.97M CNY
Gross profit1.27B CNY884.59M CNY661.38M CNY471.99M CNY381.8M CNY
Research and development796.94M CNY855.64M CNY790.55M CNY555.18M CNY368.44M CNY
Selling, general, and administrative480.82M CNY509.95M CNY468.94M CNY305.84M CNY305.98M CNY
Operating expenses1.14B CNY1.09B CNY1.23B CNY850.2M CNY647.08M CNY
Interest income126.69M CNY104.4M CNY99.81M CNY58.73M CNY32.58M CNY
Interest expense18.41M CNY12.83M CNY3.07M CNY——
Depreciation and amortization123.79M CNY86.27M CNY86.27M CNY53.63M CNY28.23M CNY
Operating income123.54M CNY−204.91M CNY−571.59M CNY−378.22M CNY−265.29M CNY
Net income435.88M CNY−102.38M CNY−475.97M CNY−300.77M CNY−244.83M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
9%
1 beat, 9 misses, 1 met estimate
Average EPS surprise
-40.23%
11 comparable reports
Latest EPS result
0.01
Estimate 0.07 · Miss by 86.14%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.290.170.06-0.06Q1 '25MissQ2 '25MetQ3 '25MissQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 10, 2025: actual 0.15, estimate 0.195, surprise -22.88%, Miss. Q2 2025, reported May 26, 2025: actual -0.018, estimate -0.018, surprise 0.00%, Met estimate. Q3 2025, reported Aug 18, 2025: actual 0.045, estimate 0.057, surprise -21.95%, Miss. Q4 2025, reported Nov 11, 2025: actual 0.251, estimate 0.095, surprise +164.55%, Beat. Q1 2026, reported Mar 24, 2026: actual 0.134, estimate 0.153, surprise -12.39%, Miss. Q2 2026, reported May 19, 2026: actual 0.016, estimate 0.035, surprise -54.31%, Miss. Q3 2026, reported Aug 18, 2026: actual 0.01, estimate 0.072, surprise -86.14%, Miss. Q4 2026, reported Nov 10, 2026: actual —, estimate 0.143, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates176.02M138.91M101.8M64.69MQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 10, 2025: actual 98.58M USD, estimate 99.83M USD, surprise -1.25%, Miss. Q2 2025, reported May 26, 2025: actual 72.37M USD, estimate 73.31M USD, surprise -1.29%, Miss. Q3 2025, reported Aug 18, 2025: actual 98.58M USD, estimate 95.56M USD, surprise +3.16%, Beat. Q4 2025, reported Nov 11, 2025: actual 111.7M USD, estimate 116.52M USD, surprise -4.14%, Miss. Q1 2026, reported Mar 24, 2026: actual 143.03M USD, estimate 153.19M USD, surprise -6.63%, Miss. Q2 2026, reported May 19, 2026: actual 98.63M USD, estimate 95.69M USD, surprise +3.07%, Beat. Q3 2026, reported Aug 18, 2026: actual 126.7M USD, estimate 126M USD, surprise +0.55%, Beat. Q4 2026, reported Nov 10, 2026: actual —, estimate 168.34M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$28.75

57.75% upside
Past 12 months12-month forecastHigh $31.00Average $28.75Low $26.50

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy267%
Hold133%
Sell00%
Strong sell00%

Recent analyst actions

3 institutions
Goldman SachsmaintainBuy
Morgan StanleyupgradeEqual WeightOverweight

HSAI news

investorplace.com

2 Stocks to Buy for the AI Revolution

Tom Yeung here with your Sunday Digest . At the start of 2021, Nvidia Corp. ( NVDA ) was a $330 billion company.

Read source
seekingalpha.com

Hesai Group: A Better Business At A Difficult Price

Hesai Group manufactures advanced laser-based 3D sensors for automotive and robotics applications, targeting mass-market adoption. I previously rated HSAI stock a Hold, citing strong technology and market position but…

Read source
seekingalpha.com

Hesai Group (HSAI) Q2 2026 Earnings Call Transcript

Hesai Group (HSAI) Q2 2026 Earnings Call Transcript

Read source
marketbeat.com

Hesai Group Q2 Earnings Call Highlights

Hesai Group NASDAQ: HSAI reported second-quarter 2026 revenue growth and a fifth consecutive quarter of GAAP profitability, while outlining an expanded strategy centered on LiDAR, spatial intelligence and robotic…

Read source
globenewswire.com

Hesai Group Reports Second Quarter 2026 Unaudited Financial Results

Quarterly net revenues were RMB 860.8 million (US$ 126.9 million) 1

Read source
zacks.com

Top Stocks Set to Benefit From Rising EV and AV Adoption

As the auto industry shifts toward electrification and autonomy, NIO, Mobileye, Hesai and Ouster are positioned to capitalize on the next era of transportation.

Read source

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ETFs holding HSAI

Funds reporting this stock among their holdings, ordered by reported position size.

Global X - Robotics & Artificial Intelligence ETF logoGlobal X - Robotics & Artificial Intelligence ETFBOTZ
Market value
19.18M
Weight
0.56%
AUM
3.43B USD
Expense ratio
0.68%
Price / 1D
$35.4086-1.75%
Global X China Robotics and AI ETF (HKD) logoGlobal X China Robotics and AI ETF (HKD)2807.HK
Market value
10.22M
Weight
1.53%
AUM
782.11M HKD
Expense ratio
0.68%
Price / 1D
HK$54.50-3.20%
State Street SPDR S&P Kensho New Economies Composite ETF logoState Street SPDR S&P Kensho New Economies Composite ETFKOMP
Market value
4.81M
Weight
0.18%
AUM
2.71B USD
Expense ratio
0.20%
Price / 1D
$68.15-1.57%
Roundhill Investments - Roundhill Humanoid Robotics ETF logoRoundhill Investments - Roundhill Humanoid Robotics ETFHUMN
Market value
2.15M
Weight
2.20%
AUM
97.54M USD
Expense ratio
0.75%
Price / 1D
$30.09-3.31%
State Street SPDR Portfolio Emerging Markets ETF logoState Street SPDR Portfolio Emerging Markets ETFSPEM
Market value
1.93M
Weight
0.01%
AUM
17.57B USD
Expense ratio
0.07%
Price / 1D
$52.015-0.70%
Fidelity Disruptive Automation ETF logoFidelity Disruptive Automation ETFFBOT
Market value
1.12M
Weight
0.51%
AUM
209.93M USD
Expense ratio
0.50%
Price / 1D
$39.505-0.96%
AAM Transformers ETF logoAAM Transformers ETFTRFM
Market value
540.63K
Weight
0.20%
AUM
107.86M USD
Expense ratio
0.49%
Price / 1D
$59.205-1.46%
KraneShares Electric Vehicles & Future Mobility Index ETF logoKraneShares Electric Vehicles & Future Mobility Index ETFKARS
Market value
536.52K
Weight
0.66%
AUM
81.1M USD
Expense ratio
0.69%
Price / 1D
$30.965-0.43%

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