---
title: "Hesai returns to profit in Q1 FY26; revenue rises 29.6% to RMB 680.6 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286878780.md"
description: "Hesai Group reported Q1 FY26 net revenue of RMB 680.6 million, a 29.6% increase year-over-year, with net income of RMB 18.3 million. Lidar shipments exceeded 471,723 units, while ADAS shipments surpassed 353,441 units. Gross margin decreased to 39.1%. The company was named a strategic lidar partner for Mercedes-Benz, projecting Q2 revenue between RMB 850 million and RMB 900 million."
datetime: "2026-05-19T08:31:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286878780.md)
  - [en](https://longbridge.com/en/news/286878780.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286878780.md)
---

# Hesai returns to profit in Q1 FY26; revenue rises 29.6% to RMB 680.6 million

-   Hesai Group posted Q1 2026 net revenue of RMB 680.6 million, up 29.6% from a year earlier. \* Net income swung to RMB 18.3 million from a loss a year earlier. \* Total lidar shipments more than doubled to 471,723 units, with ADAS shipments more than doubling to 353,441 units. \* Gross margin fell 2.6 percentage points to 39.1%. \* Hesai was named strategic lidar partner and confirmed supplier for Mercedes-Benz models enabling L3 autonomy, while guiding Q2 net revenue to RMB 850 million-RMB 900 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hesai Group published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605190430PRIMZONEFULLFEED9722812) on May 19, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

### Related Stocks

- [HSAI.US](https://longbridge.com/en/quote/HSAI.US.md)
- [02525.HK](https://longbridge.com/en/quote/02525.HK.md)
- [159306.CN](https://longbridge.com/en/quote/159306.CN.md)
- [ARKQ.US](https://longbridge.com/en/quote/ARKQ.US.md)
- [516110.CN](https://longbridge.com/en/quote/516110.CN.md)
- [159565.CN](https://longbridge.com/en/quote/159565.CN.md)
- [562700.CN](https://longbridge.com/en/quote/562700.CN.md)
- [MBGYY.US](https://longbridge.com/en/quote/MBGYY.US.md)

## Related News & Research

- [HESAI Q1 NET REVENUE RISES 29.6% Y/Y HESAI UP OVER 6% PREMARKET (](https://longbridge.com/en/news/286881441.md)
- [Hesai sustains profitability as LiDAR shipments surge and secures Mercedes order](https://longbridge.com/en/news/286887280.md)
- [/C O R R E C T I O N — Hesai Group/](https://longbridge.com/en/news/285346399.md)
- [Assessing Ouster (OUST) Valuation After Rev8 OS Lidar Launch And NVIDIA Platform Qualification](https://longbridge.com/en/news/286239940.md)
- [UBS Reaffirms Their Buy Rating on Hesai Group Class B (2525)](https://longbridge.com/en/news/283416708.md)