Wire flash
FinanceHesai shareholders approve 8-for-1 stock split
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
Hesai Group (NASDAQ:HSAI) shareholders approved an 8-for-1 stock split at the annual general meeting on June 26, 2026, effective July 10. The company reported strong Q1 2026 results with EPS of 4c (up from 1c) and revenue of $98.7M (up from $72.4M). Total lidar shipments surged 140.9% to 471,723 units. CEO Yifan Li highlighted the strategic shift from spatial perception to spatial intelligence and confirmed Hesai as a strategic lidar partner for Mercedes-Benz L3 autonomous vehicles. Citi maintained a Buy rating but lowered its price target to $28.60 from $33, citing conservative forecasts and weaker EV sector shipment trends.
Source report
Jeff Lewis Wed, July 15, 2026 at 7:48 AM PDT 2 min read
Hesai Group (NASDAQ: HSAI) is one of the 10 Fastest Growing Consumer Stocks to Buy Now.
Stock Split Approved
On June 30, 2026, Hesai Group announced in a regulatory filing that shareholders approved all proposed resolutions at its annual general meeting held on June 26. The approvals included an 8-for-1 stock split proposal. Following the shareholder resolutions, the share subdivision became effective on Friday, July 10, and dealings in the subdivided Class B ordinary shares began at 9:00 a.m. on the same day.
Analyst Outlook
In May, Citi lowered its price target on Hesai to $28.60 from $33, while maintaining a Buy rating on the shares. Citi stated that it adjusted revenue and net profit forecasts "towards a more conservative level" and lowered its multiple due to the EV sector's likely weaker-than-expected Q2 shipment trend.
Q1 2026 Financial Highlights
On May 19, Hesai reported the following results for the first quarter:
- Q1 EPS: $0.04, compared with $0.01 in the prior year
- Revenue: $98.7 million, compared with $72.4 million in the prior year
- Total lidar shipments: 471,723 units, up 140.9% from 195,818 units in the corresponding period of 2025
CEO Yifan Li described the first quarter as a "transformative chapter," as Hesai began its strategic evolution from spatial perception to spatial intelligence. He also noted that the company serves as a strategic lidar partner and confirmed supplier for Mercedes-Benz models, enabling L3 autonomy.
Company Overview
Hesai Group engages in the development, manufacturing, and sale of three-dimensional light detection and ranging (lidar) solutions in Mainland China, Europe, North America, and internationally.
While we acknowledge the potential of HSAI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
Source
Yahoo FinanceWestern
Part of this Story
Hesai Shareholders Approve 8-for-1 Stock Split