Overview
- Hesai, which reported 2025 results Tuesday, logged RMB 436 million in GAAP net income and more than RMB 3 billion in revenue.
- Management raised 2026 shipment guidance to 3.0–3.5 million LiDAR units and said it is preparing capacity above 4 million.
- The company cites more than 2,026 automotive design wins across over 160 models with an ATX backlog above 6 million units and a long‑range share above 40%.
- An updated ATX using the new FMC500 chip is slated for April 2026 production, and Hesai is a primary LiDAR partner for NVIDIA’s DRIVE Hyperion 10.
- Robotics shipments reached about 240,000 units in 2025 through partners like Unitree, Dreame, and MOVA, and management expects at least a doubling in 2026.