The earnings call highlighted significant growth in shipments and revenue, substantial reduction in net loss, leadership in the LiDAR market, and successful product launches, painting a positive picture. However, challenges such as tariff impacts and competitive pressures were noted, but they do not overshadow the substantial achievements and positive outlook for 2025.

Company Guidance

During the Hesai Group's First Quarter 2025 Earnings Conference Call, the company reported significant progress and guidance for the future. Hesai's shipments of LiDAR units more than tripled year-over-year, reaching nearly 200,000 units, resulting in a substantial 50% increase in net revenue. The company's net loss was impressively reduced by 84% compared to the previous year. For the second quarter of 2025, Hesai projects net revenues between RMB 680 million ($93.7 million) and RMB 720 million ($99.2 million), reflecting a 48% to 57% year-over-year growth. This forecast includes expected total shipments exceeding 300,000 units, marking a nearly 250% increase year over year. Hesai aims to maintain a gross margin of around 40% and expects to achieve GAAP breakeven in Q2. For the full year, the company anticipates revenues between RMB 3 billion and RMB 3.5 billion, with shipments ranging from 1.2 to 1.5 million units, and GAAP net profits between RMB 200 million and RMB 350 million. The company also highlighted the impact of tariffs, with U.S. sales expected to account for only 10% of total revenue in 2025, and strategies in place to mitigate tariff impacts, including a new overseas factory set to open by late 2026 or early 2027.

Record Shipment Growth

Shipments more than tripled year over year to nearly 200,000 LiDAR units in the first quarter.

Revenue Surge

Net revenue increased by almost 50% year over year, reaching RMB 525.3 million ($752.4 million).

Significant Reduction in Net Loss

Net loss reduced by 84% year over year to RMB 70.5 million ($2.4 million).

Strong Market Position

Ranked number one in the global automotive LiDAR market share by Yole Intelligence, with a 33% share.

Major Design Wins and Partnerships

Secured design wins with 12 major OEMs, including Li Auto, Zeekr, and international projects with European and Japanese suppliers.

Innovative Product Launches

Introduction of Infinity I LiDAR solution and three next-generation LiDAR sensors.

Positive Financial Outlook

Expected net revenues for Q2 between RMB 680 million ($93.7 million) and RMB 720 million ($99.2 million), with a projected increase of 48% to 57% year over year.

Hesai Group Sponsored ADR (HSAI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HSAI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 17, 2025	2025 (Q3)	0.10 / -	-0.082	―	―	―
Aug 14, 2025	2025 (Q2)	0.06 / 0.04	-0.079	157.14% (+0.12)	―	―
May 26, 2025	2025 (Q1)	-0.02 / -0.02	-0.118	84.52% (+0.10)	―
Mar 10, 2025	2024 (Q4)	0.20 / 0.15	-0.156	197.30% (+0.31)	―
Nov 25, 2024	2024 (Q3)	-0.02 / -0.08	-0.159	48.58% (+0.08)	―
Aug 19, 2024	2024 (Q2)	-0.06 / -0.08	-0.083	5.08% (<+0.01)	―
May 20, 2024	2024 (Q1)	-0.08 / -0.12	-0.138	14.29% (+0.02)	―
Mar 11, 2024	2023 (Q4)	0.24 / -0.16	-0.165	5.37% (<+0.01)	―
Nov 13, 2023	2023 (Q3)	-0.22 / -0.16	-0.012	-1278.05% (-0.15)	―
Aug 14, 2023	2023 (Q2)	-0.19 / -0.08	-0.012	-602.38% (-0.07)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HSAI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 14, 2025	$23.32	$25.59	+9.73%
Mar 10, 2025	$16.01	$24.08	+50.41%
Nov 25, 2024	$4.75	$6.86	+44.42%
Aug 19, 2024	$4.53	$4.17	-7.95%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Hesai Group Sponsored ADR (HSAI) report earnings?

Hesai Group Sponsored ADR (HSAI) is schdueled to report earning on Nov 17, 2025, After Close (Confirmed).

What is Hesai Group Sponsored ADR (HSAI) earnings time?

Hesai Group Sponsored ADR (HSAI) earnings time is at Nov 17, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is HSAI EPS forecast?

HSAI EPS forecast for the fiscal quarter 2025 (Q3) is 0.1.

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