QuantumScape Corp reported results for the quarter ended June 30, 2026, posting a net loss of $(98.2M) and diluted loss per share of $(0.16). The company remains pre-revenue with no sales recognized in the period as it advances product development and pilot production efforts.
Financial Highlights
- Revenue: Not reported for Q2 2026 (company is pre-revenue; no sales recognized as of June 30, 2026).
- Net income: $(98.2M) for Q2 2026, improved vs. $(114.7M) in the year-ago quarter (Q2 2025); roughly a 14% reduction in loss year-over-year.
- Diluted EPS: $(0.16) for Q2 2026 vs. $(0.20) in the year-ago quarter (Q2 2025).
Business Highlights
- Product development: Continued advancement of QSE-5 prototype cells with B-sample shipments for OEM testing and initiation of an inaugural pilot line ramp in San Jose.
- Pilot production & scale-up: Inaugurated an automated battery cell pilot line in February 2026 to produce separators and cells for development, sampling, and technology transfer.
- Partnerships & commercialization: Amended collaboration with PowerCo including milestone-based payments of up to $75.4M to support industrialization of QSE-5 and potential licensing.
- Technology & process improvements: Integrated a higher-throughput “Cobra” separator process and continued focus on quality, throughput, automation and cost reduction for anode-free architecture.
- Market focus: Primary emphasis remains on automotive EV customers with multiple OEM sampling and agreements; the company is also exploring opportunities in consumer, data center and aerospace markets.
Original SEC Filing:
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