From The Motley Fool · The Motley Fool Team · · 50s
Hesai: 3 Key Takeaways for Long-Term Investors
Hesai's robotics revenue now exceeds 50% of sales, targeting $100m in 2027 growth.
In brief
Hesai's robotics revenue now exceeds 50% of sales, targeting $100m in 2027 growth. Hesai's non-automotive robotics revenue reached over 50% of total sales in Q3 2026, with management targeting $100 million in SGI revenue for 2027. Originally reported by The Motley Fool.
Non-Automotive Revenue Exceeds Half of Total Sales
Hesai's non-automotive robotics businesses generated over 50% of third-quarter revenue.
“Importantly, businesses beyond automotive lidar contributed more than 50% of our total revenues this quarter, reflecting our progress toward becoming a leading infrastructure platform for Robotics and Physical AI.”
Actuation Hardware Ramps to Supply Humanoid Robots
Robotic actuation module shipments reached 23,000 units in Q3, up 97% sequentially.
“In Q3, robotic actuation module shipments reached over 23,000 units, up 97% sequentially, bringing cumulative shipments to over 35,000 units.”
SGI Revenue Targets $100 Million in 2027
Management targets $100 million in SGI revenue for 2027, representing over 10% of total revenue.
“We maintain our expectation for SGI revenue to reach approximately USD 100 million or RMB 700 million in 2027, representing more than 10% of total revenue.”
Lidar Pricing Stabilizes for 2027
ADAS lidar pricing stabilizes after industry discounting, supporting margin profiles in 2027.
“Based on the contracts we've already signed for next year, we expect pricing for our cost-efficient ATX lidar to stabilize further, supporting a relatively stable margin profile in 2027 compared with 2026.”
The key point
Hesai's non-automotive robotics revenue reached over 50% of total sales in Q3 2026, with management targeting $100 million in SGI revenue for 2027.
