Horizon Robotics Turns Profitable in H1 2026 with 3.784 Billion Yuan Net Profit
IT Home, August 31 — Horizon Robotics today released its H1 2026 financial report (January to June 2026) for the 2026 fiscal year (January to December 2026):
- **Total operating revenue**: 2.055 billion yuan, up 32.9% year-on-year
- **Gross profit**: 1.356 billion yuan, up 32.9% year-on-year
- **Gross margin**: 66%
- **Net profit attributable to parent company shareholders**: 3.784 billion yuan, turning profitable year-on-year
- **Basic EPS**: 0.27 yuan
- **Diluted EPS**: -0.09 yuan
- **Asset-liability ratio**: 39.8%, down 18.9 percentage points year-on-year
**### AI Interpretation
The financial performance in this report meets market expectations, with revenue growth exceeding institutional forecasts.
Company Core Business Overview
Horizon Robotics is a leading domestic provider of automotive intelligent chips and autonomous driving solutions. Its flagship Journey series automotive chips provide intelligent driving computing solutions for automakers, while it also licenses underlying technology through an open ARM+Android business model.
Financial Highlights
Total operating revenue reached 2.055 billion yuan, up 32.9% year-on-year, maintaining high-speed growth.
Gross profit reached 1.356 billion yuan, up 32.9% year-on-year, with a comprehensive gross margin remaining at 66%, flat compared to the same period last year, demonstrating strong profitability stability.
Net profit attributable to parent company shareholders was 3.784 billion yuan, turning from a loss in the same period last year to a profit, representing a significant performance improvement. The business structure continued to optimize: product solution revenue reached 926 million yuan, up 14.
8% year-on-year; licensing and service revenue reached 1.129 billion yuan, surging 52.7% year-on-year, with the proportion of high-margin licensing business increasing to 55%, further supporting the high overall gross margin.
Multiple market share metrics hit record highs: the market share for self-brand ADAS exceeded 50% for the first time, firmly ranking first in the industry; the market share for urban NOA computing platforms jumped to second; the total market share for intelligent driving computing platforms remained first in the industry, consolidating its leading position.
Business Outlook
- Market share is expected to continue increasing over the next 12 months, with the cabin-driving integrated vehicle intelligent solution projected to enter mass production in Q4 2026;
- A Level 4 Robotaxi pilot project will be launched within 2026 to explore the implementation of advanced autonomous driving scenarios;
- The development of the next-generation strategic SoC, Journey 7, is progressing smoothly, with tape-out expected to be completed in early Q2 2027.
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