D
+5
NVDA budget-alt dream shattered; is Horizon Robotics at risk?
FY2026 chip shipment guidance was lowered to 5.0 mn units. Previously, guidance was 5.4–5.5 mn.
+5
Horizon RoboticsFinancial Analysis
Horizon Robotics
D
Horizon Robotics (Trans): Urban NOA Accelerates, Breakeven in 2028
Revenue grew 32.9% YoY, with GPM steady at 66%. Full-year revenue guidance is above RMB 5 bn, and chip shipments are approx. 5 mn units.
That said, adj. net loss remains RMB 1.67 bn, with breakeven not expected until around 2028. The focus is shifting to HSD urban NOA and the Journey 7 platform aimed at L3/L4.
Horizon RoboticsConference Minutes
D![地 线 Horizon Robotics]()
![Horizon Robotics Financial Performance Unit： Rmb mn 1H23 2H23 1H24 2H24 1H25 2H2]()
Horizon Robotics (4Q25 Trans): 2026 auto rev. target +60%---
We are confident we can keep GPM above 60%. That would be a high level.
Horizon RoboticsConference Minutes
D![地平线 Horizon Robotics]()
![Horizon Robotics Financial Performance Unit： Rmb mn 1H23 2H23 1H24 2H24 1H25 2H2]()
![(Unit：Rmb mn) 地平线总收入 2，500 汽车解决方案 非车解决方案 总收入Y/Y 160% DolphinResearch DolphinRese]()
![(Unit：Rmb mn) 地平线汽车解决方案收入 产品解决方案 授权及服务业务 汽车解决方案yoy% 产品解决方案yoy% -授权及服务业务yoy% 2，50]()
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Horizon Robotics’ NVDA-Alt. Bid: Is It at Risk?---
This is a rather lean set of results. The scorecard looks bare-bones.
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Horizon RoboticsFinancial Analysis
D![地平线 Horizon Robotics]()
![工具名称 定位 核心功能 开发阶段 与英伟达产品对标 OpenExplorer( er(天工开物工具 算法开发工具链 公司灵活易用的算法开发工具链，包含一系列]()
![软件生态 硬件架构 工具链 系统及云端设施 GPU (128CUDA Core 英伟达 CUDA Drive OS/Works、Drive DGX、Ommive]()
![方案名称 定位级别 核心功能与应用场景 Horizon Mono 基础 L2 ADAS 车道保持、自动紧急制动、自适应巡航 控制 Horizon Pilot L]()
+33
Taking on NVDA: Is the Horizon Robotics 'NVIDIA alternative' story overhyped?
Will automakers' in-house development squeeze Horizon Robotics?
Horizon RoboticsDeep Research
D![地平线 Horizon Robotics]()
![None & LO L1-L2 L2+ L2++ 本之家 -INO6 35.3% 18.0% 15.5% 导 Smart driving monthly pen]()
![车企 阶段1(早期/L1-L2) 阶段2(L2+/高速 阶段3(城市NOA/端到 阶段4(L3/L4预备) 算力增长与模型演进关联性 NOA) 端) 特斯拉 H]()
![地平线芯片迭代 芯片厂商 芯片型号 算力(TOPS) 参考上市价格/成本 主要搭载车型/级别 年份/状态 地平线 征程2/3(J2/J3) 4-5TOPS 20]()
+20
Horizon Robotics: Can China’s AD substitute chips unseat NVDA?
Horizon Robotics: An NVDA alternative for high-end autonomous driving?
Horizon RoboticsDeep Research