US Stock Movement | Hesai (HSAI.US) rises over 7% in Q2 as net profit grows 60% year-on-year

According to Jinse Finance APP, on Thursday, Hesai (HSAI.US) surged over 7%, closing at $19.15. In recent news, Hesai Technology released unaudited financial data for the second quarter of 2026. During the second quarter, Hesai’s revenue was 860 million yuan, with a GAAP net profit of 70.55 million yuan, marking a year-on-year increase of 60.0%. This is the fifth consecutive quarter Hesai has achieved GAAP profitability. This quarter, its Strategic Growth Initiatives (SGI) business contributed revenue for the first time, mainly due to early commercialization breakthroughs in the power module business.

Hesai’s power modules began contributing revenue this quarter, with over 10 thousand units delivered by the end of the second quarter. The products are expanding from dexterous hand modules to full-body joint modules. The spatial intelligence platform Kosmo has completed the delivery of its first prototypes and received orders from several leading humanoid robot companies, including Galaxy General, with income contribution expected to start in the third quarter. Based on the better-than-expected commercialization progress and market demand of the SGI business, Hesai has revised its full-year 2026 SGI revenue guidance upward to 200–300 million yuan. It is expected that SGI revenues in 2027 will reach about 700 million yuan and achieve break-even.