Seyond Holdings (2665) H1 2026 earnings summary

Executive summary

• H1 2026 product sales volume reached 450,900 units, up 364.8% YoY; revenue rose 127.9% to US$138.7 million, with gross margin up 1.1 percentage points to 11.2%.

• Broader customer, product and application mix supported growth beyond ADAS; strategy is expanding toward Physical AI perception products and solutions.

Financial highlights

• Revenue was US$138.743 million, up 127.9% YoY; gross profit was US$15.491 million, up 152.0%.

• Reported net loss narrowed 23.2% to US$25.104 million; adjusted net loss was US$26.381 million versus US$27.589 million in H1 2025.

• Basic and diluted loss per share was US$0.02 versus US$0.14 in H1 2025.

Outlook and guidance

• Full-year 2026 LiDAR shipment volume is expected to increase ~200% vs. 2025, subject to customer production schedules, plan execution and market conditions.

• H2 priorities include ramping existing ADAS programs, converting design wins to production, expanding Physical AI deliveries, and improving costs through design, procurement and manufacturing efficiency.

• Hummingbird D1 began large-scale deliveries in July 2026; the high-performance L3/L4 platform targets production readiness within 2026.