Hesai Group (NASDAQ:HSAI) Releases Earnings Results, Misses Expectations By $0.09 EPS

Hesai Group (NASDAQ:HSAI) released its earnings results on Tuesday. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09), Zacks reports. The company had revenue of $143.00 million during the quarter, compared to the consensus estimate of $155.57 million. Hesai Group had a net margin of 15.70% and a return on equity of 8.04%.

Here are the key takeaways from Hesai Group’s conference call:

• Hesai reported an industry-first full‑year GAAP net income of CNY 436 million, with >CNY 3 billion revenue, >40% gross margin, positive operating cash flow and 1.6 million shipments in 2025.
• The company raised 2026 shipment guidance to 3–3.5 million units and guided 1Q26 revenue of CNY 650–700 million with expected shipments of 400k–450k, indicating accelerated volume growth.
• Hesai emphasizes market leadership—ATX holds >40% of long‑range ADAS lidar, the JT series shipped >200k, management cited 2,026 design wins with major OEMs and strategic partnerships (including Nvidia DRIVE Hyperion 10 and Grab) to scale internationally.
• The company plans to launch two non‑lidar products (the “eyes” and the “muscles”) targeting trillion‑CNY TAMs, with initial revenue possible in 2026 but commercialization and scale remain early and uncertain.
• Management warns blended ASPs will likely decline due to product mix (more lower‑priced ADAS units and multi‑lidar vehicles) and expects a mid‑teen increase in OPEX for new product R&D, posing near‑term per‑unit revenue pressure despite planned cost cuts.

Hesai Group Trading Down 2.7%

Shares of NASDAQ HSAI traded down $0.55 during trading hours on Wednesday, hitting $19.69. The company’s stock had a trading volume of 2,148,274 shares, compared to its average volume of 2,130,993. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.37 and a current ratio of 5.75. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 46.79 and a beta of 1.06. Hesai Group has a 12 month low of $10.41 and a 12 month high of $30.85. The business has a 50-day simple moving average of $25.74 and a 200-day simple moving average of $24.32.

Hesai Group News Summary

Here are the key news stories impacting Hesai Group this week:

• Positive Sentiment: Company reported full‑year profitability and record lidar deliveries — FY‑2025 net income RMB435.9M (US$62.3M), FY revenue RMB3,027.6M (US$432.9M) and full‑year lidar shipments ~1.62M units; Q4 also showed positive net income and large unit shipments. Hesai Group Reports Fourth Quarter and Full Year 2025 Unaudited Financial Results
• Positive Sentiment: Management highlighted record revenue and strategic partnerships on the Q4 call, signaling business momentum and potential commercial traction. Hesai Group (HSAI) Q4 2025 Earnings Call Highlights
• Positive Sentiment: Media and analysts noted the milestone of first full‑year profitability, which has supported bullish narratives and short‑term rallies. Hesai Group (HSAI) Stock Rallies as Company Achieves Milestone Profitability in 2025
• Neutral Sentiment: Multiple short‑interest reports for March show anomalous/zero values (short interest reported as 0 shares and NaN changes) — data appears inconsistent and provides little actionable signal about bearish positioning. (internal short‑interest entries)
• Negative Sentiment: Q4 results missed analyst expectations: EPS $0.16 vs. $0.22 estimate and revenue $143.0M vs. ~$155.6M expected — misses increase downside risk as investors focus on near‑term profitability vs. guidance. Hesai Group Earnings Report / Conference Call
• Negative Sentiment: Market reaction showed pre‑market weakness and sell‑side caution after the print, contributing to downward pressure on the share price. Pre‑market movers: Hesai Group moving lower

Analysts Set New Price Targets

A number of equities analysts have commented on the company. CICC Research started coverage on Hesai Group in a research note on Tuesday, November 25th. They issued an “outperform” rating and a $23.50 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Hesai Group in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hesai Group has a consensus rating of “Buy” and an average price target of $29.96.

Institutional Investors Weigh In On Hesai Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in shares of Hesai Group by 345.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,239,625 shares of the company’s stock valued at $18,346,000 after buying an additional 961,493 shares during the period. Federated Hermes Inc. bought a new stake in Hesai Group in the second quarter valued at $156,000. Daiwa Securities Group Inc. bought a new stake in Hesai Group in the second quarter valued at $108,000. Qube Research & Technologies Ltd purchased a new position in Hesai Group during the 2nd quarter valued at $368,000. Finally, The Manufacturers Life Insurance Company increased its position in Hesai Group by 24.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,151,586 shares of the company’s stock valued at $25,277,000 after purchasing an additional 224,381 shares during the period. Hedge funds and other institutional investors own 48.53% of the company’s stock.

About Hesai Group

Hesai Group is a technology company specializing in the development and production of advanced LiDAR (Light Detection and Ranging) sensors and perception software platforms for autonomous vehicles, robotics, industrial automation and mapping applications. The company’s core business centers on delivering high-performance, high-reliability LiDAR solutions designed to enable precise three-dimensional sensing and real-time environment perception. Hesai’s product lineup spans mechanical rotating LiDAR units, solid-state and MEMS-based sensors, as well as integrated software stacks for object detection, tracking and data fusion.

Founded in 2014 by a team of laser sensing and robotics researchers, Hesai built its reputation on improving range, resolution and reliability of LiDAR systems while driving down cost and size.