Hesai (HSAI) Net Margin (2021 - 2026)
Hesai's (HSAI) quarterly Net Margin came in at 8.2% in Q2 2026, up 195.0% on a YoY basis from 2.78% in Q2 2025, and up 204.56% quarter-over-quarter from 2.69% in Q1 2026.
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Hesai (HSAI) Net Margin (2021 - 2026) Analysis & Trends
Hesai (HSAI) has reported Net Margin for 6 consecutive years, with 8.2% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 195.0% year-over-year to 8.2%; the trailing twelve-month figure through Jun 2026 stood at 14.77% (up 1068.0% YoY), and the FY2025 full-year result was 14.4%, up 947.0% from the prior year.
- Net Margin rose to 8.2% in Q2 2026 per HSAI's latest filing, from 2.69% in the prior quarter.
- Across five years, Net Margin topped out at 32.21% in Q3 2025 and bottomed at 125.72% in Q2 2022.
- Historically, Net Margin has averaged 19.27% across 5 years, with a median of 16.3% in 2024.
- The sharpest annual moves came in 2023 and 2025: Net Margin surged 10883 bps in 2023, then plunged 544 bps in 2025.
- Over 5 years, Net Margin stood at 33.16% in 2022, then grew by 24 bps to 25.11% in 2023, then soared by 183 bps to 20.75% in 2024, then decreased by 26 bps to 15.31% in 2025, then slumped by 46 bps to 8.2% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 8.2%, 2.69%, and 15.31% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Lumentum Holdings | 69.45 Bn | 66.72 Bn | 477.30 Mn | -711.69% |
| 2 | Coherent | 54.01 Bn | 52.02 Bn | 787.08 Mn | 11.76% |
| 3 | Zebra Technologies | 16.68 Bn | 16.52 Bn | 825.00 Mn | 14.96% |
| 4 | Littelfuse | 10.93 Bn | 10.31 Bn | 306.06 Mn | 12.10% |
| 5 | Vishay Intertechnology | 4.54 Bn | 3.24 Bn | 207.38 Mn | 3.17% |
| 6 | LG Display | 3.29 Bn | 2.21 Bn | 509.35 Mn | -7.21% |
| 7 | Knowles | 3.15 Bn | 3.10 Bn | 74.60 Mn | 11.63% |
| 8 | Bel Fuse | 2.81 Bn | 2.51 Bn | 83.97 Mn | 16.13% |
| 9 | Hesai | 2.40 Bn | 1.43 Bn | 50.88 Mn | 8.20% |
| 10 | Ouster | 2.33 Bn | 2.07 Bn | 26.69 Mn | -33.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.20% |
| Mar 31, 2026 | 2.69% |
| Dec 31, 2025 | 15.31% |
| Sep 30, 2025 | 32.21% |
| Jun 30, 2025 | 6.24% |
| Mar 31, 2025 | -3.34% |
| Dec 31, 2024 | 20.75% |
| Sep 30, 2024 | -13.04% |
| Jun 30, 2024 | -15.70% |
| Mar 31, 2024 | -29.77% |
| Dec 31, 2023 | -25.11% |
| Sep 30, 2023 | -31.82% |
| Jun 30, 2023 | -16.89% |
| Mar 31, 2023 | -27.66% |
| Dec 31, 2022 | -33.16% |
| Sep 30, 2022 | -85.14% |
| Jun 30, 2022 | -125.72% |
| Mar 31, 2022 | -24.85% |
| Dec 31, 2021 | -28.56% |