3 Stocks That Could Benefit as the Robotaxi Race Heats Up Hesai Group (NASDAQ:HSAI) reported second-quarter 2026 revenue growth and a fifth consecutive quarter of GAAP profitability, while outlining an expanded strategy centered on LiDAR, spatial intelligence and robotic actuation modules. Total net revenue rose approximately 22% year over year to RMB 861 million, or US$127 million, according to CFO Andrew Fan. Gross margin was 40%, while GAAP net income increased 60% from a year earlier to RMB 71 million, or US$10 million.
Non-GAAP net income was RMB 101 million, or US$15 million. → Applied Materials Beat Everything but Wall Street's Expectations for Margins SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns The company said it has begun reporting results through two segments: its core LiDAR business and strategic growth initiatives, or SGI. CEO David Li described the company's broader vision as a platform for robotics and physical AI across three layers: helping machines "see" through LiDAR, "understand" through the COSMO spatial-intelligence platform, and "act" through robotic actuation modules. Core LiDAR revenue totaled RMB 816 million, or US$120 million, and the segment generated operating profit of RMB 66 million, Fan said.
Total LiDAR shipments exceeded 628,000 units, up nearly 80% year over year. ADAS LiDAR shipments rose about 60% to more than 485,000 units. Robotics LiDAR shipments increased about 193% to more than 142,000 units.
Hesai said it has worked with more than 50 embodied-AI companies globally, including Unitree, Robiant, Galbot, Galaxea and Dexmo. → AMG's Alternatives Boom Powers Record Growth Li said the company won a design win with Great Wall Motor for mass-production programs using its ETX ultra-long-range LiDAR, with start of production expected in late 2026. He also cited multi-LiDAR programs with Changan Automobile and other OEMs, as well as mass production of Li Auto's L8 and L9 models, which each use four Hesai LiDAR units. Internationally, Li said Hesai secured a design win with Volkswagen covering multiple models from the automaker's China joint-venture brands, following its work with Mercedes-Benz.
He also cited an expanded collaboration with GAC Toyota. → Microsoft's Maia 300 Chip Targets NVIDIA's AI Dominance According to Li, third-party data provider Gasgoo showed Hesai held 44% of China's long-range ADAS LiDAR market in June, extending its lead in that category to 17 consecutive months. Fan said the company expects LiDAR penetration on electric vehicles to continue rising and sees growing use of multiple sensors per vehicle for coverage and redundancy. SGI generated its first quarterly revenue contribution in the second quarter, producing RMB 45 million, or US$7 million, driven by early demand for robotic actuation modules.
The segment posted an operating loss of RMB 64 million as the company invested in development, commercialization and manufacturing capacity for actuation products and COSMO. Management raised its full-year 2026 SGI revenue outlook to RMB 200 million to RMB 300 million, from previous guidance of RMB 100 million. Fan said the company expects SGI to generate about US$100 million in revenue in 2027 and reach break-even that year.
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