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Hesai beats Q3 revenue estimates but misses EPS, issues weak Q4 guidance below expectations.

Company Fundamentals
12 Nov 2026, 15:46 WIB
Seeking Alpha
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Bearish
Hesai beats Q3 revenue estimates but misses EPS, issues weak Q4 guidance below expectations.

Hesai Group reported better-than-expected revenue for Q3 2026, driven by strong growth in its SGI segment, which doubled revenue sequentially and exceeded full-year targets. However, the company missed earnings per share (EPS) estimates and issued Q4 revenue guidance significantly below consensus, citing challenges like ADAS price erosion and a weak auto market. Risks include customer concentration, dependence on Dreame, and regulatory concerns. Despite a strong cash position providing some safety, consistent execution and market recovery are needed for a more optimistic outlook.

Hesai Group's Q3 2026 results provide context for readers interested in technology-sector trends. For readers following this sector, here is Pluang's market snapshot as of Nov 12, 2026 20:21 WIB: out of 150 priced US tech stocks, 25 rose and 121 fell. Among notable movers, Applied Digital Corporation (APLD) traded at USD 16.98 with a 5.19% decline and a strong buy order activity of 85%, while Aehr Test Systems (AEHR) and Micron Technology (MU) also saw similar declines of around 5.17% and 5.16% respectively, with MU showing the longest typical hold time of 52 days and the highest buy order activity at 87%.

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