Hesai Named to Morgan Stanley's Humanoid 100, Cited for Robotic Actuation and Lidar

Hesai Technology has been named to Morgan Stanley's Humanoid 100 in the investment bank's latest Humanoid Horizons report. The company is recognized across Complete Actuators, Radar & Lidar, and Cameras & Vision Sensors in the robotic body segment. Hesai's robotic actuation modules mark its first entry into the actuator category alongside established players like Sanhua Intelligent Controls. Morgan Stanley projects roughly 1 billion humanoid robots in cumulative adoption by 2050, potentially driving $7.5 trillion in annual revenue.

Morgan Stanley highlights Hesai's robotic actuation modules—which carry gross margins of 40–50% on a cost-plus basis—as a key driver behind its inclusion. These modules are already powering tactile robotic hands developed by leading embodied AI companies and have been integrated into NVIDIA's Isaac GR00T reference humanoid platform. According to Hesai's Q1 earnings, the company's Strategic Growth Initiatives (SGI) for 2026 target $14.8 million in revenue, with Morgan Stanley projecting additional upside over the next 12–18 months.

According to Morgan Stanley, data is the critical bottleneck for the humanoid industry. Kosmo—the world's first AI spatial camera, to be launched later this year—fuses lidar, high-resolution imaging, and 3D Gaussian Splatting to transform real-world environments into high-fidelity, editable 3D models. This gives embodied AI developers a scalable pipeline of training data to close the sim-to-real gap.

The JT series combines mini size, active sensing, high-precision point cloud modeling, and strong anti-interference performance, making it ideal for autonomous mobile robots navigating complex real-world environments. At WAIC 2026, multiple flagship robots on the show floor carried the JT series lidar. Earlier this year, the JT128 powered Honor's Lightning humanoid to victory in the second Global Humanoid Robot Half Marathon—it crossed the finish line in 50:26, beating the human world record of 56:42.

From 3D perception to spatial intelligence to robotic actuation, Hesai describes itself as an integrated hardware-and-software infrastructure platform for Robotics and Physical AI. Its full-stack capabilities span perception, reasoning, and action, and it says it is the only company in the industry to have achieved commercial traction across the entire chain. As humanoid robotics moves from demos to deployment, Hesai says it will continue to drive innovation and build infrastructure for Physical AI to scale across real-world environments.