Hesai, the Chinese LiDAR maker, is positioning itself as a broader robotics supplier, reporting its...

Hesai, the Chinese LiDAR maker, is positioning itself as a broader robotics supplier, reporting its fifth consecutive quarter of revenue growth and a new strategic direction. The company's non-LiDAR 'strategic growth initiatives' are now generating tangible results, with the Kosmo spatial intelligence platform and new actuation modules beginning to ship. Hesai's Q2 2026 results showed GAAP net income of RMB 70.55 million on revenue of RMB 276 million, a 65.rotting% year-over-year increase. The company has guided for RMB 200-250 million in SGI revenue in 2027, signaling a deliberate pivot toward physical AI infrastructure. Hesai believes its core LiDAR business remains strong, but the future lies in providing the full sensorimotor stack for robots, not just the eyes. The company is leveraging its manufacturing expertise and chip design capabilities to enter new product categories, including robotic actuation modules that are 37% smaller than comparable offerings. This expansion reflects a broader trend where established hardware players are repositioning themselves as foundational suppliers to the emerging physical AI economy, competing with specialized robotics startups and traditional automotive suppliers alike.