Seyond Delivers Strong Growth in H1 2026 as Global Expansion and Diversification Accelerate

Seyond 2026 H1 Results GNW

Article content

SUNNYVALE, Calif., Aug. 25, 2026 (GLOBE NEWSWIRE) — Seyond (02665.HK) announced its interim results for the first half of 2026, delivering strong growth across shipments, revenue, profitability, and operating efficiency.

Article content

Article content

Article content

Article content

Article content

During the reporting period, total LiDAR shipments reached approximately 450,900 units, up 364.8% year over year and surpassing the company’s total shipments for full-year 2025. Revenue reached approximately US$140.2 million, an increase of 127.9% year over year, while gross profit rose 152.0% to approximately US$15.7 million Gross margin improved from 10.1% in the first half of 2025 to 11.2%.

Article content

Article content

At the same time, the ratio of selling, administrative, and R&D expenses to total revenue decreased by 26.3 percentage points, while net loss narrowed by 23.2% year over year, reflecting continued improvements in scale, profitability, and operating efficiency.

Article content

Article content

The first half of 2026 marked Seyond’s first full six-month reporting period since its public listing and represented an important transition point in the company’s long-term growth strategy. Years of investment in core technology, product platforms, customer development, manufacturing scale, and commercialization are increasingly translating into business growth.

Article content

At the same time, as AI expands beyond the digital world and increasingly interacts with physical environments, Seyond is advancing its long-term positioning as a provider of sensing products and solutions for Physical AI. With a diversified product portfolio, a growing automotive customer base, and rapid expansion of higher-margin non-automotive businesses, the company is strengthening both its shipment scale and revenue mix.

Article content

Article content

Three LiDAR Platforms Enter Full Commercialization

Article content

Seyond’s product portfolio has entered a new stage of commercialization, with its Falcon, Robin, and Hummingbird platforms spanning applications from ultra-long-range perception to near-field coverage and from high-performance flagship solutions to cost-efficient, scalable sensing.

Article content

Together, these three platforms provide a broad LiDAR portfolio capable of supporting diverse requirements across automotive and non-automotive markets.

Article content

During the first half of 2026, Seyond shipped approximately 416,300 ADAS LiDAR units, representing an increase of 346.0% year over year.

Article content

The company began mass-production deliveries to new automotive customers, including GAC, while new models from NIO’s ONVO brand also entered production. A total of seven new vehicle models entered mass production during the reporting period, followed by another two in July.

Article content

The Robin platform remained a key driver of shipment growth. In the second quarter alone, Robin-series shipments reached approximately 191,600 units, accounting for approximately 70.7% of total shipments. The long-range Robin E series has been adopted by mainstream brands including GAC Aion, GAC Motor, Hyptec and NIO ONVO, with models including the GAC Aion N60, GAC Hyptec S600 and SAIC MG 07 entering presale.