Hesai Group (HSAI) AI Stock Analysis

Hesai Group specializes in the development, manufacturing, and distribution of three-dimensional Light Detection and Ranging (LiDAR) solutions. Its LiDAR products support passenger and commercial vehicles equipped with advanced driver assistance systems, as well as autonomous passenger and freight mobility services operating across urban and industrial environments. In addition to automotive applications, Hesai Group deploys LiDAR-equipped robots for delivery services, street sweeping operations, and logistics management in controlled settings. Founded in 2014 and headquartered in Shanghai, China, the company provides automated LiDAR solutions globally across various evolving industries.

Hesai Group grew revenue from $720.8M in FY2021 to $1.20B in FY2022, $1.88B in FY2023, $2.08B in FY2024, and $3.03B in FY2025, reflecting a 5-year revenue CAGR of 48.8%. Gross margin shifted from 53.0% in FY2021 to 41.8% in FY2025. Operating margin improved from -36.8% in FY2021 to positive 4.1% in FY2025. Annual net income transitioned from -$244.8M in FY2021 to $435.9M in FY2025, yielding an EPS of $3.49. In the latest quarter ended June 30, 2026, quarterly revenue grew 21.9% year-over-year while quarterly earnings expanded 25.0%. Over the trailing twelve months, revenue reached $3.34B with a profit margin of 14.9% and an operating margin of 0.2%.

As of June 30, 2026, Hesai Group held $6.65B in cash and short-term investments against $705.7M in total debt, resulting in net cash of $5.94B. Shareholders' equity stood at $8.95B out of $11.00B in total assets. The company reported a current ratio of 5.37 and a debt-to-equity ratio of 0.08. In FY2025, operating cash flow reached $113.8M, free cash flow was -$187.1M, and capital expenditures were $300.9M. Dividends paid in FY2025 totaled $292.7M.

Hesai Group trades at a trailing P/E of 26.4x and a forward P/E of 17.4x, compared to medians of 18.0x and 14.1x for its US-listed Consumer Cyclical peers. The stock's price-to-sales ratio is 4.7x versus the peer median of 0.7x, and its EV/EBITDA is 21.4x versus 11.1x. The company holds an enterprise value of $1.75B against a market cap of $15.61B, with a PEG ratio of 0.51. Over the past year, HSAI fell 45.4%, trailing the S&P 500 (SPY) return of 16.8%.

Wall Street analysts maintain 14 Strong Buy and 5 Buy ratings, with 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $28.09, which is 126.2% above the last close of $12.42. For the fiscal year ending December 31, 2026, analysts estimate revenue of $4.29B and EPS of $3.68, reflecting an EPS growth estimate of -2.1%. For the following fiscal year, 5 analysts project revenue of $6.06B and EPS of $5.88. Hesai Group recorded 2 EPS beats over the last 4 quarters, and its next earnings date is November 10, 2026.

This page is an AI-written research summary of Hesai Group (HSAI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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