D
+6
NVDA budget-alt dream shattered; is Horizon Robotics at risk?
FY2026 chip shipment guidance was lowered to 5.0 mn units. Previously, guidance was 5.4–5.5 mn.
+6
Horizon RoboticsFinancial Analysis
Horizon Robotics
D
Horizon Robotics (Trans): Urban NOA Accelerates, Breakeven in 2028
Revenue grew 32.9% YoY, with GPM steady at 66%. Full-year revenue guidance is above RMB 5 bn, and chip shipments are approx. 5 mn units.
That said, adj. net loss remains RMB 1.67 bn, with breakeven not expected until around 2028. The focus is shifting to HSD urban NOA and the Journey 7 platform aimed at L3/L4.
Horizon RoboticsConference Minutes
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Horizon Robotics (4Q25 Trans): 2026 auto rev. target +60%---
We are confident we can keep GPM above 60%. That would be a high level.
Horizon RoboticsConference Minutes
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+6
Horizon Robotics’ NVDA-Alt. Bid: Is It at Risk?---
This is a rather lean set of results. The scorecard looks bare-bones.
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Horizon RoboticsFinancial Analysis
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+34
Taking on NVDA: Is the Horizon Robotics 'NVIDIA alternative' story overhyped?
Will automakers' in-house development squeeze Horizon Robotics?
Horizon RoboticsDeep Research
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+21
Horizon Robotics: Can China’s AD substitute chips unseat NVDA?
Horizon Robotics: An NVDA alternative for high-end autonomous driving?
Horizon RoboticsDeep Research