Equity Profile

HSAI

Hesai Group

Consumer DiscretionaryAutomotive Parts & Equipment$3.0B

Aug13Thu

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Hesai Group (HSAI) operates in the consumer discretionary sector, focusing on automotive parts and equipment. As the automotive industry increasingly shifts towards advanced technologies, Hesai's innovations in sensor technology and autonomous driving solutions are becoming more relevant.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability, and investors will be looking for signs of improved earnings this quarter.

$0.43

Revenue

Revenue growth reflects the company's ability to increase sales, which is crucial for sustaining operations and funding future innovations.

$869M

Wall Street expectations, options signals, track record, and call prep available with Pro.

HSAI Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

+0.00%

Avg Stock Reaction

-4.76%

Last Quarter Recap

In Q1-2026, Hesai reported an EPS of $0.04, which was below expectations, leading to a 9.02% drop in stock price the following day. The company has faced challenges in meeting revenue estimates in recent quarters.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Hesai's upcoming earnings, expecting an EPS of $0.43 and revenue of $869 million. The stock's recent performance has created a mixed sentiment among investors.

Bull Case

If Hesai can exceed the EPS and revenue estimates, it may signal a turnaround in performance, boosting investor confidence and potentially leading to a significant stock price increase.

Bear Case

Conversely, if the company fails to meet expectations again, it could raise concerns about its growth trajectory and lead to further declines in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.43

EPS is a key indicator of profitability, and investors will be looking for signs of improved earnings this quarter.

Revenue

$869M

Revenue growth reflects the company's ability to increase sales, which is crucial for sustaining operations and funding future innovations.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Hesai achieve an EPS of $0.43 or higher?

This specific EPS target is critical as it will indicate whether the company is on a path to recovery or if it continues to struggle.

What are the revenue figures for this quarter?

Revenue performance is essential for understanding the company's sales momentum and overall health, especially given past misses.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for Hesai to exceed its revenue target due to increasing demand for advanced automotive technologies, which could lead to stronger-than-expected sales.

Supporting Evidence

The options market is pricing a significant move, indicating that traders expect volatility, which may not align with the consensus.

Past performance shows that Hesai has had several quarters where it exceeded expectations despite a history of misses.

Key Risk

If revenue comes in above $869 million, it could shift the narrative around Hesai's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal for Hesai as it seeks to regain investor trust after several disappointing results.

Bull Confirmed If

A revenue figure of $869 million or higher would confirm the bull case, suggesting strong demand for Hesai's products.

Bear Confirmed If

If revenue falls below $841 million, it would confirm the bear case, indicating ongoing struggles in sales.

Pre-Earnings Positioning

Options Market

Implied Move

±29.86%

Historical Avg

±5.8%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±29.9% while HSAI has averaged ±5.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

67.7%

Calls (72K)P/C Ratio: 0.66Puts (38K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

This setup has occurred 30 times across Consumer Discretionary in the last 2 years. 13 of 21 (62%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.9%, with a raw directional average of +2.2% (modestly positive historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hesai beats expectations, history suggests a potential stock increase of around 5.75%, confirming a positive shift in momentum.

In-Line / Cautious

If results are in line with expectations, the stock may see limited movement as investors await further guidance from management.

Miss

A miss could lead to a decline in stock price, with historical patterns suggesting an average drop of about 5.75%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or technology advancements.
2Management's commentary on market demand for automotive sensors.
3Insights into cost management and profitability improvements.
4Guidance on future revenue expectations and market conditions.
5Responses to analyst questions regarding competitive pressures.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability, and investors will be looking for signs of improved earnings this quarter.

$0.43

Revenue

Revenue growth reflects the company's ability to increase sales, which is crucial for sustaining operations and funding future innovations.

$869M

Wall Street expectations, options signals, track record, and call prep available with Pro.

HSAI Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

Avg EPS Surprise

+0.00%

Avg Stock Reaction

-4.76%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Hesai can exceed the EPS and revenue estimates, it may signal a turnaround in performance, boosting investor confidence and potentially leading to a significant stock price increase.

Bear Case

Conversely, if the company fails to meet expectations again, it could raise concerns about its growth trajectory and lead to further declines in stock price.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.43

EPS is a key indicator of profitability, and investors will be looking for signs of improved earnings this quarter.

Revenue

$869M

Revenue growth reflects the company's ability to increase sales, which is crucial for sustaining operations and funding future innovations.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Hesai achieve an EPS of $0.43 or higher?

This specific EPS target is critical as it will indicate whether the company is on a path to recovery or if it continues to struggle.

What are the revenue figures for this quarter?

Revenue performance is essential for understanding the company's sales momentum and overall health, especially given past misses.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for Hesai to exceed its revenue target due to increasing demand for advanced automotive technologies, which could lead to stronger-than-expected sales.

Supporting Evidence

The options market is pricing a significant move, indicating that traders expect volatility, which may not align with the consensus.

Past performance shows that Hesai has had several quarters where it exceeded expectations despite a history of misses.

Key Risk

If revenue comes in above $869 million, it could shift the narrative around Hesai's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal for Hesai as it seeks to regain investor trust after several disappointing results.

Bull Confirmed If

A revenue figure of $869 million or higher would confirm the bull case, suggesting strong demand for Hesai's products.

Bear Confirmed If

If revenue falls below $841 million, it would confirm the bear case, indicating ongoing struggles in sales.

Pre-Earnings Positioning

Options Market

Implied Move

±29.86%

Historical Avg

±5.8%

Pricing rich

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±29.9% while HSAI has averaged ±5.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.8%

30d HV

67.7%

Calls (72K)P/C Ratio: 0.66Puts (38K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Consumer Discretionary

n=30

Fade rate: 8 of 21 (38%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hesai beats expectations, history suggests a potential stock increase of around 5.75%, confirming a positive shift in momentum.

In-Line / Cautious

If results are in line with expectations, the stock may see limited movement as investors await further guidance from management.

Miss

A miss could lead to a decline in stock price, with historical patterns suggesting an average drop of about 5.75%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or technology advancements.
2Management's commentary on market demand for automotive sensors.
3Insights into cost management and profitability improvements.
4Guidance on future revenue expectations and market conditions.
5Responses to analyst questions regarding competitive pressures.