Hesai Group (NASDAQ: HSAI) shares surged 5.77% in pre-market trading on Tuesday following the release of its impressive third-quarter 2025 financial results and raised full-year guidance. The global leader in lidar solutions continues to demonstrate strong growth and market dominance in the rapidly expanding autonomous driving technology sector.

For Q3 2025, Hesai reported net revenues of RMB795.4 million (US$111.7 million), representing a 47.5% year-over-year increase. The company's net income reached a record RMB256.2 million (US$36.0 million), a significant turnaround from a net loss in the same period last year. Notably, Hesai achieved its full-year net income target a quarter ahead of schedule, prompting management to raise its full-year GAAP net income guidance to a range of RMB350 million to RMB450 million.

The strong results were driven by robust demand for both ADAS and Robotics lidar products. Hesai maintained its leadership in the long-range automotive lidar market, capturing a 46% market share in August. The company also secured new design wins, including a high-end ETX lidar win with a top 3 domestic NEV automaker, and signed supply agreements with leading global autonomous driving companies. With the successful completion of its Hong Kong IPO raising US$614 million, Hesai is well-positioned to drive innovation and lead the next wave of growth in the lidar technology market.