Hesai reports Q1 2026 revenue of $99M, ADAS and robotics shipments more than double YoY

Hesai Group/AT Series Lidar

Hesai reported Q1 2026 revenue of $99 million (RMB 681 million), a 30% year-over-year increase. The company shipped 471,723 lidar units with ADAS units reaching 353,441 units—a 141.9% year-over-year increase. Full-year 2026 guidance is 3–3.5 million unit shipments.

• Q1 2026 revenue: $99M, up 30% YoY.
• Total Q1 units shipped: 471,723; ADAS units: 353,441 (up 141.9% YoY).
• 2026 full-year guidance: 3–3.5 million units.
• Strategic Growth Initiatives revenue ~RMB 100M in 2026, scaling to RMB 500M by 2027.