Equity Profile

HSAI

Hesai Group

Consumer DiscretionaryAutomotive Parts & Equipment$3.0B

May19Tue

Post-Earnings Recap

ReportedQ1-2026Pre-Market4:30 AM EDT

Hesai Group Misses on EPS and Revenue, Stock Down 9.02%

Metric	Actual	Expected	Surprise
EPS	$0.04	$0.17	—
Revenue	—	$669M	—

management commentary, guidance changes, and full analysis available with Pro.

Hesai Group Misses on EPS and Revenue, Stock Down 9.02%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$0.04	$0.17	—
Revenue	—	$669M	—

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

Hesai Group's earnings report shows a significant miss on both EPS and revenue expectations, which likely contributed to the stock's sharp decline of 9.02%. Investors may be concerned about the company's performance and outlook, especially given the lack of guidance or commentary from management. The results suggest challenges in meeting market expectations.

Company Snapshot

Hesai Group (HSAI) operates in the consumer discretionary sector, focusing on automotive parts and equipment. As a player in the automotive market, the company is positioned to benefit from trends like electric vehicles and advanced driver-assistance systems, which are gaining traction in the industry.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Hesai is managing costs and generating income.

$0.17

Revenue

Revenue growth is critical for assessing the company's market demand and overall performance.

$669M

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

Original Pre-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 Q4-2025, Hesai reported an EPS of $0.16, slightly below expectations. Following the announcement, the stock dropped by 14.16%, indicating market disappointment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautiously optimistic about Hesai's upcoming earnings, with expectations for stable EPS and revenue figures. However, the company's recent performance has raised concerns about its ability to meet these targets.

Bull Case

If Hesai exceeds the EPS and revenue estimates, it could signal strong demand and effective cost management, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses its targets again, it could raise doubts about its growth prospects and management effectiveness, leading to further stock declines.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.17

EPS is a key indicator of profitability and will show how well Hesai is managing costs and generating income.

Revenue

$669M

Revenue growth is critical for assessing the company's market demand and overall performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Hesai achieve an EPS of $0.17 or higher?

This figure is crucial for demonstrating profitability and could influence investor sentiment significantly.

What is the revenue outlook for the next quarter?

Revenue performance will indicate market demand and growth potential, which are vital for the company's future.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Hesai's ability to leverage emerging trends in electric vehicles, which could drive unexpected revenue growth.

Supporting Evidence

Options are pricing a 21.1% move, indicating significant expectations for volatility.

The historical average move is only 4.89%, suggesting that current pricing may be overly optimistic.

Recent trends in the automotive sector indicate a potential uptick in demand for advanced automotive technologies.

Key Risk

If revenue growth exceeds $700M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing Hesai's ability to meet or exceed expectations against its recent performance history.

Bull Confirmed If

An EPS of $0.20 or better would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $0.15 would suggest ongoing challenges in profitability and could lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±21.1%

Historical Avg

±5.8%

Pricing rich

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

Options are pricing ±21.1% while HSAI has averaged ±5.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

65.9%

Calls (77K)P/C Ratio: 1.50Puts (66K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hesai beats expectations, history suggests the stock could rise significantly, potentially confirming a recovery in demand.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await further guidance.

Miss

A miss could lead to a sharp decline, as seen in previous quarters, where the stock reacted negatively to disappointing earnings.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or partnerships in the electric vehicle space.
2Details on cost management strategies and their impact on profitability.
3Insights into market demand trends for automotive parts and equipment.
4Guidance on revenue expectations for the upcoming quarter.
5Management's commentary on competitive positioning in the automotive industry.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Hesai is managing costs and generating income.

$0.17

Revenue

Revenue growth is critical for assessing the company's market demand and overall performance.

$669M

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

Original Pre-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 Q4-2025, Hesai reported an EPS of $0.16, slightly below expectations. Following the announcement, the stock dropped by 14.16%, indicating market disappointment.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Hesai exceeds the EPS and revenue estimates, it could signal strong demand and effective cost management, potentially boosting investor confidence.

Bear Case

Conversely, if the company misses its targets again, it could raise doubts about its growth prospects and management effectiveness, leading to further stock declines.

Key Metrics to Watch

Earnings Per Share (EPS)

$0.17

EPS is a key indicator of profitability and will show how well Hesai is managing costs and generating income.

Revenue

$669M

Revenue growth is critical for assessing the company's market demand and overall performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Hesai achieve an EPS of $0.17 or higher?

This figure is crucial for demonstrating profitability and could influence investor sentiment significantly.

What is the revenue outlook for the next quarter?

Revenue performance will indicate market demand and growth potential, which are vital for the company's future.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Hesai's ability to leverage emerging trends in electric vehicles, which could drive unexpected revenue growth.

Supporting Evidence

Options are pricing a 21.1% move, indicating significant expectations for volatility.

The historical average move is only 4.89%, suggesting that current pricing may be overly optimistic.

Recent trends in the automotive sector indicate a potential uptick in demand for advanced automotive technologies.

Key Risk

If revenue growth exceeds $700M, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing Hesai's ability to meet or exceed expectations against its recent performance history.

Bull Confirmed If

An EPS of $0.20 or better would confirm strong demand and effective cost management.

Bear Confirmed If

An EPS below $0.15 would suggest ongoing challenges in profitability and could lead to further stock declines.

Pre-Earnings Positioning

Options Market

Implied Move

±21.1%

Historical Avg

±5.8%

Pricing rich

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

Options are pricing ±21.1% while HSAI has averaged ±5.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.9%

30d HV

65.9%

Calls (77K)P/C Ratio: 1.50Puts (66K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Hesai beats expectations, history suggests the stock could rise significantly, potentially confirming a recovery in demand.

In-Line / Cautious

If results are in line with expectations, the stock may see a muted reaction as investors await further guidance.

Miss

A miss could lead to a sharp decline, as seen in previous quarters, where the stock reacted negatively to disappointing earnings.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new product launches or partnerships in the electric vehicle space.
2Details on cost management strategies and their impact on profitability.
3Insights into market demand trends for automotive parts and equipment.
4Guidance on revenue expectations for the upcoming quarter.
5Management's commentary on competitive positioning in the automotive industry.