QuantumScape má slibnou solid-state bateriovou technologii, ale komercializaci nečeká dříve než v roce 2029. Firma zatím nemá tržby a drží se jen díky hotovosti přes 800 milionů USD.
This is an exciting time for investors. Emerging technologies, such as artificial intelligence (AI) and electric vehicles (EVs), offer strong investment opportunities in innovative businesses.
One such company is QuantumScape (QS +0.55%). It sits at the intersection of AI and EVs, since its solid-state battery technology can provide power for both. The company recently announced the creation of business units dedicated to these two areas, and a third focused on other markets, including aerospace and defense.
After hitting a 52-week high of $19.07 in 2025, the stock fell to a low of $4.77 toward the end of July and has remained near that level. Is this a buy opportunity? Here's a closer look at QuantumScape and whether it's a worthwhile investment.
Image source: Getty Images.
QuantumScape's opportunities The energy density, power performance, and safety profile of QuantumScape's solid-state batteries caught the attention of Volkswagen, which has invested hundreds of millions of dollars in the battery maker over the past several years. Volkswagen isn't the only interested party.
QuantumScape announced a multiyear partnership with automotive giant Honda in June. Another major automaker showing confidence in the batteries affirms the strength of the technology. QuantumScape also alluded to working with other major automotive manufacturers, a further sign that its tech is catching on.
Artificial intelligence offers yet another avenue for the company's products. The data centers housing AI systems are increasingly adopting large-scale battery storage architectures pioneered by the electric vehicle industry. This is because AI computing infrastructure is growing in sophistication and size, necessitating so much electricity that EV batteries are now seen as a solution, opening the door for QuantumScape.
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QuantumScape's challenges Before it can capitalize on opportunities in the EV and AI markets, QuantumScape must get its solid-state batteries to a point where mass production is possible. Once it proves it can produce thousands of flawless battery cells quickly and cheaply, it can turn over the manufacturing to its automotive partners.
From there, the company can produce revenue by licensing its design and technology to partners. However, management admitted, "Demonstrating scalable production of a unique technology on a first-of-a-kind automated line is a substantial challenge."
Consequently, the company does not expect to achieve commercialization of its batteries until at least 2029. For now, QuantumScape produces no income and keeps its operations afloat by tapping into its cash stockpile.
The company ended the second quarter with over $800 million in cash, cash equivalents, and marketable securities on its balance sheet. Without revenue coming in, it strives to stretch its cash hoard to reach the 2029 commercialization milestone.
Whether the battery maker has enough funds is questionable. It projects 2026's full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) loss will be between $250 million and $275 million. Its 2025 adjusted EBITDA loss was $252.3 million. Cost-cutting efforts enabled it to reduce its 2026 full-year capital expenditure guidance to between $27 million and $37 million.
Given these numbers, QuantumScape is skating on thin ice. It would have to execute flawlessly to reach 2029 without requiring additional funding. As a result, investing in QuantumScape stock is only for those comfortable with high risk.
Personally, I would not invest. The company is demonstrating promising technology, but keeping its business afloat without a fresh infusion of cash looks like a challenge right now.
QuantumScape (QS -0.64%), a developer of solid-state batteries, went public through a merger with a special purpose acquisition company (SPAC) on Nov. 27, 2020. Its stock opened at $24.80 on its first day and closed at an all-time high of $131.67 on Dec. 22, 2020.
Before going public, QuantumScape claimed it could commercialize its first batteries by 2024, and that its revenue would soar from $14 million in 2024 to $275 million in 2026. But as of this writing, it hasn't commercialized any batteries nor generated any meaningful revenue yet.
That's why QuantumScape's stock plummeted 96% to its current price of about $5. Will it bounce back next year as it makes more progress toward launching its first batteries?
Image source: Getty Images.
Why did QuantumScape miss its original targets? QuantumScape's solid-state batteries have higher charging capacities, shorter charging times, and better thermal resistance than liquid-based lithium-ion batteries. But they're also more expensive and challenging to manufacture than their lithium-ion counterparts.
A major technological hurdle for QuantumScape is the mass production of its flexible ceramic separator, which prevents dendrites (lithium fibers) from short-circuiting the battery. Last year, it replaced its older Raptor separator process with its new Cobra separator process to improve its cell reliability, equipment productivity, and total yields. That upgrade helped it ramp up its production of high-volume samples of its QSE-5 batteries for electric vehicle makers.
The QSE-5, which was co-developed with Volkswagen (OTC:VWAP.Y), has an energy density of 844 Wh/L (watt hours per liter) and can be charged from 10% to 80% in 12 minutes. Most lithium-ion batteries have an average density of 300-700 Wh/L with an average charging time of 20 minutes to an hour. Therefore, the QSE-5 could be a major upgrade for EVs.
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QuantumScape originally planned to manufacture its own batteries. But in 2024, it abandoned that strategy and instead agreed to license its technology to Volkswagen's PowerCo subsidiary and other automakers. That shift would enable the company to operate a higher-margin, asset-light licensing business, but it's still nowhere near commercializing those designs.
When will QuantumScape finally commercialize its designs? During its second-quarter report on July 22, QuantumScape said its battery designs wouldn't achieve commercial readiness until 2029. At the same time, more automakers and start-ups are joining the race to mass-produce their own solid-state batteries. If QuantumScape can't keep up with those competitors, its business could fizzle out before it commercializes its first batteries.
That's a murky outlook for an unprofitable, pre-revenue company that's already valued at $3.4 billion. So while solid-state batteries might attract more attention next year, investors shouldn't expect QuantumScape's stock to soar back toward its all-time highs.
CFO QuantumScape Kevin Hettrich prodal 31 095 akcií za 179 000 USD v rámci automatického prodeje kvůli daňovým srážkám. Po transakci dál drží 1,8 milionu akcií.
Kevin Hettrich, the chief financial officer of QuantumScape Corporation (QS +4.91%), disposed of 31,095 shares of Class A Common Stock on August 18, according to an SEC Form 4 filing.
Transaction summaryMetricValueShares sold31,095Transaction value$179,000Post-transaction shares (directly held)1,785,162Post-transaction value$10.28 millionTransaction value based on SEC Form 4 weighted average sale price ($5.74); post-transaction value based on the August 18 market close ($5.76).
Key questionsWhat were the specific circumstances of this disposition?
The transaction was a non-discretionary sale-to-cover, conducted automatically to satisfy tax withholding requirements upon the vesting of equity awards, and does not reflect a discretionary change in the insider's investment thesis.How much equity does the CFO maintain in the company?
Following this reduction, Hettrich continues to hold 1.8 million shares of Class A Common Stock directly and also holds derivative securities in the form of restricted and performance restricted stock units.What is the company's current financial and market position?
Headquartered in San Jose, the company is developing solid-state lithium-metal batteries for electric vehicles and reported a trailing twelve-month net loss of $405.0 million as of the August 18 transaction date.How has the stock performed leading up to this filing?
At the time of the transaction, shares were priced at $5.74, reflecting a one-year return of -30% as of August 18, while the stock closed at $5.88 as of the August 19 market close.Company OverviewMetricValueShare Price (as of market close 2026-08-19)$5.88Market Capitalization$3.6 billionNet Income (TTM)-$405.0 millionCompany SnapshotQuantumScape develops and commercializes advanced solid-state lithium-metal battery technology designed primarily for electric vehicle applications, with additional use cases across various industrial and consumer segments.The company operates a technology development and licensing business model, focusing on advancing next-generation battery solutions with enhanced energy density and performance compared to conventional lithium-ion alternatives.QuantumScape's primary target market consists of electric vehicle manufacturers and automotive suppliers seeking differentiated battery technology to improve vehicle range, charging speed, and overall performance metrics.QuantumScape Corporation, headquartered in San Jose, California, is a specialized battery technology company with 700 employees focused on solid-state lithium-metal battery innovation. The company is currently in a pre-revenue or early commercialization phase, as evidenced by its TTM net loss of $405.0 million, reflecting substantial research and development investments required to bring advanced battery technology to market. With a market capitalization of $3.6 billion, QuantumScape represents a capital-intensive venture positioned at the intersection of automotive electrification and advanced materials science.
What this transaction means for investorsHettrich's sale isn't a one-off. He's sold shares every month this year under the same 10b5-1 plan he set up back in June 2025, including 9,800 shares in June and another 9,800 in July, both well before this quarter's news. August's batch is bigger at 31,095 shares, but it fits the same pattern and comes out of the 1.8 million shares he still holds directly.
As CFO, Hettrich is the one actually managing the balance sheet that QuantumScape is burning through to get to commercialization. He reiterated full-year adjusted EBITDA loss guidance of $250 million to $275 million on the July call, while lowering capital expenditure guidance to $27 million to $37 million, and he called the quarter's $64.2 million adjusted EBITDA loss "in line with expectations." Meanwhile, customer billings reached $21.8 million through midyear, already ahead of the $19.5 million QuantumScape booked in all of 2025, and the company ended the quarter with $859 million in liquidity to fund the Eagle Line ramp. For long-term investors, whether that cash lasts long enough to reach real commercial volume is the number worth tracking, not another month of scheduled selling.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
A month has gone by since the last earnings report for QuantumScape Corporation (QS - Free Report) . Shares have added about 11.4% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is QuantumScape due for a pullback? Well, first let's take a quick look at its latest earnings report in order to get a better handle on the recent catalysts for QuantumScape Corporation before we dive into how investors and analysts have reacted as of late.
QuantumScape Q2 Loss Narrower-Than-ExpectedQuantumScape reported second-quarter 2026 loss of 16 cents per share, narrower than the Zacks Consensus Estimate of a loss of 18 cents. The company delivered an earnings surprise of 11.1%. The company had incurred a loss of 20 cents per share a year earlier.
QuantumScape did not report GAAP revenues. The quarter featured lower operating expenses, improving Eagle Line productivity and $10.8 million in customer billings. The company also expanded its automotive relationships and established business verticals targeting electric vehicles, AI data centers, aerospace and defense.
Operating Expenses DeclineGAAP net loss narrowed 14.4% year over year to $98.24 million from $114.70 million. Total operating expenses fell 14.1% to $106.13 million, supporting the improvement in the bottom line.
Research and development expenses declined 18.4% to $82.53 million. General and administrative expenses increased 5.3% to $23.59 million. Interest income was $8.36 million, down from $8.94 million in the prior-year quarter.
QS Builds Automotive PartnershipsThe company announced a multi-year partnership with Honda to advance its solid-state lithium-metal battery technology for automotive and other applications. The agreement followed an extensive evaluation of QuantumScape’s technology and adds another top-10 global automaker to its customer portfolio.
QS also updated its collaboration and licensing arrangement with Volkswagen Group’s PowerCo. The revised milestones focus on automotive cell development, larger-format cells and QuantumScape’s future technology roadmap. The company is working with four top-10 automakers and shipped cells to another automotive customer during the quarter.
Eagle Line Ramps Sample ProductionQuantumScape continued to ramp the Eagle Line, its automated pilot production line in San Jose. Core tools achieved uptime above 90%, while key productivity measures reached management’s targets. The company is increasing cell volumes and shipping samples to customers.
QS aims to double cell output further in the second half of 2026. Higher production is expected to accelerate customer shipments, shorten development cycles and provide a foundation for transferring manufacturing processes to future high-volume facilities. QS continues to work with Murata Manufacturing and Corning on scaling ceramic separator production through the Cobra process.
QuantumScape Targets New High-Value MarketsThe company created three business verticals. QSEV will focus on electric vehicles, QSDC will pursue AI data centers, and QSAS will address advanced applications such as aerospace and defense.
QSDC is working with original design manufacturers and data center architects on solutions based on the QSE-5 platform. QSAS shipped QSE-5 cells to a major U.S. defense contractor and is engaging other aerospace and defense customers. Management believes the technology’s energy density, power capability and safety profile can support these markets.
QS Advances Safety and Larger-Format CellsIncreased Eagle Line output enabled broader safety testing of QSE-5 cells. Testing included nail penetration, external short circuits and thermal stability at temperatures up to 300 degrees Celsius. Management said the larger test set replicated findings from earlier prototypes.
The company also demonstrated that its Cobra process can produce larger ceramic separators. Larger-format cells can improve packaging efficiency and raise cell-level energy density, while giving QS greater flexibility to meet varying customer requirements.
Capital Spending Forecast ReducedAdjusted EBITDA loss was $64.19 million compared with a loss of $63.01 million a year earlier. QuantumScape maintained its full-year 2026 adjusted EBITDA loss guidance of $250-$275 million.
Capital expenditures totaled $4.62 million, down 46.2% from $8.59 million in the prior-year quarter. QS lowered its 2026 capex guidance to $27-$37 million from $40-$60 million, reflecting capital discipline and savings on specific projects.
Strong Liquidity PositionNet cash used in operating activities improved to $56.75 million from $61.84 million a year ago. Customer billings totaled $21.8 million during the first half of 2026, surpassing the $19.5 million recorded for all of 2025.
QuantumScape ended June with $859 million in liquidity, comprising $132.87 million in cash and cash equivalents and $726.13 million in marketable securities. The balance sheet provides funding as the company scales the Eagle Line, develops larger-format cells and pursues commercialization across its three business verticals.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in estimates review.
VGM ScoresAt this time, QuantumScape has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Charting a somewhat similar path, the stock was allocated a score of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been trending upward for the stock, and the magnitude of this revision looks promising. Interestingly, QuantumScape has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerQuantumScape is part of the Zacks Automotive - Original Equipment industry. Over the past month, Autoliv, Inc. (ALV - Free Report) , a stock from the same industry, has gained 5.6%. The company reported its results for the quarter ended June 2026 more than a month ago.
Autoliv reported revenues of $2.8 billion in the last reported quarter, representing a year-over-year change of +3.3%. EPS of $2.43 for the same period compares with $2.21 a year ago.
Autoliv is expected to post earnings of $2.21 per share for the current quarter, representing a year-over-year change of -4.7%. Over the last 30 days, the Zacks Consensus Estimate has changed -7%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Autoliv. Also, the stock has a VGM Score of A.
QuantumScape uvedl, že jeho automobilové baterie nebudou komerčně dostupné dříve než v roce 2029. Firma zatím nekomercializovala žádnou baterii ani nevytvořila významné tržby.
QuantumScape (QS +1.70%), a developer of solid-state batteries, went public through a merger with a special purpose acquisition company (SPAC) on Nov. 27, 2020. Before its market debut, it claimed it could commercialize its first batteries by 2024. It also claimed its revenue would surge from $14 million in 2024 to $275 million in 2026.
But as of this writing, QuantumScape has neither commercialized a single battery nor generated any meaningful revenue yet. That's why its stock, which opened at $24.80 on the first day, now trades at about $6. Can it finally achieve those goals this year and revive its ailing stock?
Image source: Getty Images.
Why did QuantumScape miss its original target? QuantumScape's solid-state batteries use solid electrolytes instead of the liquid electrolytes used in conventional lithium-ion batteries. With higher charging capacities, shorter charging times, and better thermal resistance, they're well-suited for electric vehicles (EVs).
Its QSE-5 battery, which it's been co-developing with Volkswagen (OTC:VWAP.Y) for over a decade, has an energy density of 844 Wh/L (watt hours per liter) and can be charged from 10% to 80% in 12.2 minutes. Most lithium-ion batteries for EVs have a density of 300-700 Wh/L with an average charging time of 20 minutes to an hour.
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That sounds like a game changer for the EV market, but QuatnumScape's batteries are also more expensive and difficult to manufacture than their lithium-ion counterparts. A major technological hurdle is the mass production of its proprietary flexible ceramic separator, which prevents dendrites (microscopic lithium fibers) from short-circuiting the battery. In 2025, QuantumScape replaced its older Raptor separator process with its new Cobra separator process to boost its cell reliability, equipment productivity, and total yields. That move helped it ramp up its production of high-volume samples for automakers.
But it also abandoned its original goal of manufacturing its own batteries and licensed its technology to Volkswagen's PowerCo subsidiary and other automakers. So instead of operating capital-intensive manufacturing facilities, it aims to collect higher-margin royalties and licensing fees from its partners once it commercializes its first battery designs.
But when will that actually happen? In its second-quarter report on July 22, QuantumScape said its automotive batteries wouldn't achieve commercial readiness until 2029. Therefore, investors shouldn't put any faith in Wall Street's outdated expectations for the company to start generating revenue in 2027 and 2028.
QuantumScape already has a market cap of $3.8 billion, and it will incur hundreds of millions in net losses every year until it finally launches its first commercial designs. It will remain a volatile and speculative stock, and it could easily be cut in half (or more) in the next market crash.
Shares of QuantumScape (QS +9.95%) fell 31% in July, according to data from S&P Global Market Intelligence. The battery technology outfit had a rough month after reporting its Q2 earnings, amid a decline in stock prices across high-risk areas of the stock market.
After a brief rise at the start of August, QuantumScape now trades at $6 per share and is down 95% from its highs. Here's why it was falling again in July.
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Breakthroughs in battery technology After going public in 2020, QuantumScape stock rose during the COVID-19 electric vehicle (EV) bubble, before slowly falling back to earth. The company has been working for years on a solid-state battery technology for EVs, which promises better performance and less fire safety risks compared to current liquid lithium-ion systems.
Still, in 2026, it had failed to make enough progress with its batteries to reach full production. The company has never generated a lick of revenue and is burning hundreds of millions of dollars in free cash flow each year.
Now, the company has begun to give up its hopes of manufacturing batteries at scale, instead licensing these systems to other manufacturers, such as automakers. This did not go over well with Wall Street and is a reason the stock fell in July.
In July, QuantumScape reported second-quarter earnings, but they are not very relevant to the business today, as it has no products to sell. Investors need to look closely at the company's product development to see whether it is meeting its timeline for implementing this technology in EVs at scale. Right now, management believes it will be ready by 2029.
Image source: Getty Images.
Should you buy the dip on QuantumScape stock? QuantumScape has $860 million in cash on its balance sheet. It is currently burning just under $300 million in cash per year, giving it around three years of product development before it needs to raise more money.
The stock now trades at a market cap of $3.7 billion, down significantly from previous highs but still at a premium for a company that has never generated revenue. It has proven much more difficult to develop these battery innovations than previously assumed, and Wall Street is beginning to get impatient with the stock.
QuantumScape believes it is on a better track by not manufacturing its own batteries and by partnering with companies across the automotive sector, like Honda, but it still needs a working battery if this business is going to have a whiff of viability. Don't buy the dip on QuantumScape stock.
QuantumScape po zveřejnění výsledků klesá, protože upravená dohoda s PowerCo snížila potenciální milníkové platby z 131 milionů USD na 75 milionů USD. Firma zároveň potvrdila celoroční ztrátu adjusted EBITDA alespoň 250 milionů USD.
QuantumScape QS stock is under immense pressure on July 23 after the solid-state lithium metal batteries specialist posted earnings for its second financial quarter.
While the company technically beat bottomline estimates on paper, a deeper dive into the quarterly release reveals a few major negatives that are leading to bearish sentiment this morning.
The Q2 print add to pressure on QuantumScape shares that – heading into Thursday – were already down over 55% versus the start of 2026.
The biggest fundamental catalyst that’s driving QS shares down today is a revision of the terms of the company’s partnership with Volkswagen’s battery manufacturing arm – PowerCo.
In its press release, QuantumScape said the updated agreement “reduced” potential milestone cash payments from $131 million previously to $75 million now.
For a pre-revenue company reliant on non-dilutive partner cash to fund its long commercialization runway, losing roughly $56 million in prospective liquidity is a clear headwind.
Note that the sell-off in QuantumScape crashed its relative strength index (RSI) below 30 – which reinforces intense selling pressure.
Alongside earnings, QS management also unveiled a major “structural pivot” – splitting into three business verticals: QSEV (electric vehicles), QSDC (AI data centers), and QSAS (aerospace and defense).
While executives framed this as an expansion into high-margin markets (like in-rack power storage for artificial intelligence infrastructure), the market is reading early pivoting as a sign that broader EV adoption is taking longer than initially projected.
Even from a technical perspective, QuantumScape stock currently sits firmly below its key moving averages (MAs), indicating bears remain strongly in control across multiple timeframes.
QuantumScape narrowed its GAAP net loss in Q2 to just over $98 million, which translates to 16 cents a share (beating the 18-cent-a-share consensus), but the company reiterated its full-year guidance for adjusted EBITDA loss of at least $ 250 million.
Although the capital expenditures (capex) outlook was lowered to about $32 million only, QS remains a zero-product-revenue enterprise running high cash burn.
Without near-term sales generation, a modest earnings beat does little to offset investor impatience over the 2027–2029 commercial timeline.
And it’s not like QuantumScape pays a healthy dividend to incentivize ownership despite these risks either.
Finally, investors are bailing on QS stock also because market filings leading into the print revealed about $6 million in insider sales over the preceding quarter by key executives.
What’s also worth mentioning is that Wall Street analysts continue to caution against owning this EV battery stock in 2026.
The consensus rating on QuantumScape remains at Moderate Sell, with price targets going as low as $2.5, indicating potential downside of roughly 50% from current levels.
QuantumScape oznámila novou víceletou spolupráci s Hondou na vývoji solid-state baterií pro automobily i další využití. Zároveň potvrdila celoroční odhad upravené ztráty EBITDA ve výši 250 až 275 milionů USD.
MarketBeat Week in Review – 06/29 - 07/03QuantumScape NYSE: QS said it made progress in the second quarter of 2026 on automotive commercialization, new end-market expansion and pilot production of its solid-state lithium-metal battery cells, while reiterating its full-year adjusted EBITDA loss guidance.
On the company’s earnings call, Chief Executive Officer Siva Sivaram highlighted a newly announced multi-year partnership with Honda aimed at advancing QuantumScape’s solid-state lithium-metal battery technology for automotive and other applications in Honda’s product portfolio. Sivaram said the agreement followed “one of the most rigorous assessments of our technology to date” and gives QuantumScape another pathway into high-value markets.
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Burger King’s Turnaround Is Putting Restaurant Brands Back in FocusThe company also updated its ongoing collaboration and licensing arrangement with Volkswagen’s PowerCo. Sivaram said the revised scope includes milestones and payments tied to automotive cell development, larger-format cells and QuantumScape’s future technology roadmap. He added that the relationship remains strong and that the overall goal is unchanged: industrializing QuantumScape’s technology and transferring it to PowerCo for automotive commercialization.
Automotive Partnerships Remain Central to Commercialization Sivaram said QuantumScape is working with four of the top 10 global automotive original equipment manufacturers, including Volkswagen and Honda. The company also shipped cells to an additional automotive OEM customer during the quarter and continues to strengthen relationships with automakers in North America, Europe and Japan.
Slice of the Pie: Why Yum’s Deal Lifts QSRAsked about the updated PowerCo agreement, Sivaram said QuantumScape has updated the Volkswagen PowerCo agreements annually as the relationship has progressed. “There is not anything philosophically different about the objectives of the joint program,” he said, adding that the milestones are now aligned with items such as larger-format cells and future technology work.
Chief Financial Officer Kevin Hettrich said the revised PowerCo scope reduced the total possible payments under the agreement from approximately $131 million to approximately $75 million, but also lowered expected project expenses. He said QuantumScape expects a “net neutral financial impact in terms of cash” compared with the 2025 scope of work. Hettrich also said the separate $130 million royalty prepayment from PowerCo is unchanged and is tied to technical milestones and alignment on form factor.
When asked whether Volkswagen PowerCo’s previously discussed 2029 start-of-production timeline remained the target, Sivaram said QuantumScape had not announced any change from its original plans.
Company Creates Three Business Verticals QuantumScape said it is organizing around three business verticals to address automotive and non-automotive markets:
QSEV, focused on electric vehicles and automotive OEMs, including Volkswagen and Honda. QSDC, focused on AI data centers and working with original design manufacturers and data center architects. QSAS, focused on advanced solutions, including aerospace and defense applications. Sivaram said the company sees interest in its technology beyond electric vehicles, including AI data centers, aerospace, defense, consumer electronics and medical devices. He said the core QuantumScape technology platform can serve these markets, though each may require a different go-to-market strategy.
For data centers, Sivaram said the market is moving quickly and that QuantumScape is working with data center architects and ODMs on designs based on QSE-5 technology. He said the transition to 800-volt DC designs and megawatt racks creates “natural deadlines,” with deployments expected toward the end of 2028, meaning QuantumScape needs to develop and deliver integrated products ahead of that timeframe.
In advanced solutions, Sivaram said QSAS has shipped QSE-5 cells to a major American defense prime and is engaged with global customers across aerospace and defense. He said the advanced solutions business will also explore opportunities such as medical devices and consumer electronics.
Eagle Line Ramps Cell Output QuantumScape said its Eagle Line, a highly automated pilot cell production line in San Jose, California, remains a key part of its commercialization strategy. Sivaram said the line is intended to increase sample volumes for customers, accelerate process development and serve as a proving ground for scaling production.
The company said core tools on the Eagle Line are showing uptime greater than 90%, while key productivity metrics are meeting targets. QuantumScape is ramping sample volumes and shipping cells to customers. Sivaram said the company aims to further double cell output in the second half of 2026 and expects customer sample shipments to accelerate across all three verticals.
In response to a question about shipments to the defense market, Sivaram said improved Eagle Line productivity enabled the company to ship QSE-5 cells to a U.S. defense prime. He said the higher volumes also help QuantumScape learn more quickly and support eventual technology transfer to higher-volume lines.
Safety and Larger-Format Cells Highlighted Sivaram said customers have consistently identified safety as a valuable aspect of QuantumScape’s technology, in addition to energy density and power capability. He contrasted the company’s ceramic separator with next-generation approaches involving silicon or lithium-metal anodes with liquid electrolytes, which he said can pose serious safety hazards.
QuantumScape said increased Eagle Line output is enabling larger-scale safety testing, including nail penetration, external short circuit and thermal stability testing up to 300 degrees Celsius. Sivaram said the results continue to show QSE-5 as “a significantly safer cell design” compared with conventional and next-generation lithium-ion cells.
The company also said it has demonstrated that its Cobra process can produce larger-area separators for higher-capacity cell designs. Sivaram said larger-format cells can improve packing efficiency and potentially increase cell-level energy density.
Financial Results and Outlook For the second quarter, QuantumScape reported GAAP operating expenses of $106.1 million and a GAAP net loss of $98.2 million. Adjusted EBITDA loss was $64.2 million, which Hettrich said was in line with expectations.
The company reiterated its full-year 2026 adjusted EBITDA loss guidance of $250 million to $275 million. QuantumScape lowered its full-year capital expenditure guidance to a range of $27 million to $37 million, citing capital discipline and cost savings on specific projects. Second-quarter capital expenditures were $4.6 million, primarily related to technology roadmap investment and associated facility spending.
Hettrich said customer billings in the second quarter were $10.8 million, bringing total customer billings through the first half of 2026 to $21.8 million. That exceeded full-year 2025 customer billings of $19.5 million, meeting the company’s public goal for 2026. He noted that customer billings represent invoices issued to customers and partners regardless of accounting treatment and are not a substitute for revenue under U.S. GAAP.
QuantumScape ended the quarter with $859 million in liquidity. Hettrich said the company will remain prudent with its balance sheet as it invests in commercialization, new markets and technology development.
About QuantumScape (NYSE:QS)QuantumScape Corporation is a development-stage company specializing in the research and commercialization of next-generation solid-state lithium-metal batteries for electric vehicles. The company's core technology replaces the traditional liquid electrolyte with a solid ceramic separator, aiming to deliver higher energy density, faster charging times and enhanced safety compared to conventional lithium-ion cells. QuantumScape's product roadmap focuses on enabling electric vehicle manufacturers to extend driving range and reduce charging downtime, addressing key barriers to widespread EV adoption.
Founded in 2010 and headquartered in San Jose, California, QuantumScape has attracted significant strategic investment and formed partnerships with leading automotive OEMs.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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QuantumScape oznámila výsledky za 2. čtvrtletí 2026, které skončilo 30. června. Firma zároveň zveřejnila dopis akcionářům s finančními výsledky a obchodním přehledem.
SAN JOSE, Calif., July 22, 2026 (GLOBE NEWSWIRE) -- QuantumScape Corporation (NASDAQ: QS), a global leader in next-generation solid-state lithium-metal battery technology, today announced its business and financial results for the second quarter of 2026, which ended June 30.
The company posted a letter to shareholders on its Investor Relations website, ir.quantumscape.com, that details second-quarter financial results and provides a business update.
QuantumScape will host a live webcast today at 2 p.m. Pacific Time (5 p.m. Eastern Time), accessible via its IR Events page. Siva Sivaram, chief executive officer, and Kevin Hettrich, chief financial officer, will participate on the call.
An archive of the webcast will be available shortly after the call for 12 months.
About QuantumScape Corporation
QuantumScape is on a mission to revolutionize energy storage to enable a sustainable future. The company’s next-generation batteries are designed to enable greater energy density, faster charging and enhanced safety to support the transition away from legacy energy sources toward a lower carbon future. For more information, visit www.quantumscape.com.
QuantumScape čeká po výsledcích za 2. čtvrtletí možný pohyb akcií o 12 % až 15 % oběma směry. Klíčové budou údaje o výrobě, výtěžnosti a pokroku pilotní linky Eagle Line.
QuantumScape stock NASDAQ:QS faces a potentially sharp earnings reaction on Wednesday as investors test whether the solid-state battery developer can turn technical progress into a credible manufacturing and commercialisation plan.
Options traders are pricing a move of roughly 12% to 15% in either direction after the second-quarter report, reflecting the uncertainty surrounding a company that still generates little conventional revenue.
QuantumScape ended Friday at $5.86 and will release results after the market closes on July 22, followed by a call at 5 pm ET.
Options-market data suggests QuantumScape shares could move roughly 12% to 15% in either direction after the earnings release, with the estimate shifting alongside the stock price and option premiums.
The difference reflects changing share prices and option premiums, rather than conflicting directional forecasts.
An implied move does not mean traders expect QuantumScape to rally.
Stronger manufacturing disclosures could lift the stock sharply, while delays, vague targets or rising spending could produce a similar decline.
The first-quarter reaction showed that sensitivity. Shares initially surged 23% after the April update before surrendering most gains and closing only 1.4% higher.
MarketWatch noted that heavy short interest and a large retail following may amplify price swings.
Evercore ISI analyst Chris McNally said that QuantumScape had not announced the “completion of any goals”, although it showed progress across several areas.
He had also highlighted a previous “dearth of new headlines”, increasing the importance of each quarterly update.
The central question is whether the Eagle Line pilot facility is becoming a reliable manufacturing operation.
QuantumScape said in April that installation had been completed and start-up activities had begun, with initial QSE-5 cells being produced.
Management planned to increase output during the second quarter while improving equipment uptime, throughput, process stability and cell reliability.
The line is the bridge between successful laboratory cells and batteries that can be reproduced consistently enough for automotive testing and eventual mass production.
Investors will therefore want measurable disclosures on cell output, yields, equipment availability, customer shipments and testing results.
Broad assurances may not be enough as QuantumScape’s valuation rests largely on future commercialisation, making operational milestones more useful than conventional earnings comparisons.
Customer validation offers the clearest bullish catalyst.
QuantumScape signed a multi-year research agreement with Honda R&D in June after the Japanese group completed a technical evaluation and benchmarking programme.
Updates showing that Honda, Volkswagen’s PowerCo or other carmakers are advancing towards broader testing or firmer commitments would strengthen confidence.
The company recorded $11 million of customer billings in the first quarter and ended March with $905 million of liquidity.
It maintained full-year guidance for an adjusted EBITDA loss of $250 million to $275 million and capital expenditure of $40 million to $60 million.
Any increase could revive concerns about how much funding commercialisation will require.
UBS analyst Joseph Spak wrote in comments reported by MarketWatch that QuantumScape’s “2026 goals seem more ambiguous than last year”, making completion difficult to judge.
He also questioned whether expansion into data centres and robotics could dilute management’s automotive focus.
QuantumScape oznámí výsledky za 2. čtvrtletí 22. července po uzavření trhu. Firma zopakovala výhled upravené ztráty EBITDA za rok 2026 ve výši 250–275 milionů USD.
Key Takeaways QS is set to report second-quarter 2026 results on July 22, after the closing bell.QuantumScape remains pre-revenue, with partner payments tied to technical milestones.QS reiterated a 2026 adjusted EBITDA loss outlook of $250-$275 million amid ongoing spending. QuantumScape Company (QS - Free Report) is slated to release second-quarter 2026 results on July 22, after the closing bell. The Zacks Consensus Estimate for the to-be-reported quarter’s loss per share is pegged at 18 cents.
For the second quarter, the consensus estimate for QuantumScape’s loss has widened by a penny over the past 90 days. Its bottom-line estimates imply a growth of 10% from the year-ago reported numbers.
The company's earnings beat estimates in one of the trailing four quarters, matched twice and missed once, delivering an average surprise of 1.22%. This is depicted in the graph below:
Q1 HighlightsIn the first quarter of 2026, QuantumScape reported a loss of 16 cents per share, narrower than the Zacks Consensus Estimate of a loss of 18 cents. It delivered an earnings surprise of 11.1%. The quarter also showed improving year-over-year performance, with loss per share narrowing from 21 cents in the year-ago period.
Things to NoteQuantumScape remains pre-revenue and does not provide GAAP revenue guidance, so near-term monetization can be volatile. The company’s customer billings metric is non-GAAP and can swing with activity. PowerCo’s project contributions are tied to technical milestones, and the company reported no such payments in the first quarter. This structure could lead to periods of limited recognized revenue despite ongoing activity, reducing financial clarity and increasing short-term earnings unpredictability.
The company reiterated full-year 2026 adjusted EBITDA loss guidance of $250-$275 million, indicating that meaningful profitability remains distant. In the first quarter of 2026, GAAP net loss was $100.8 million, reflecting continued spending to ramp the pilot line and advance product development. Even with customer billings, the accounting treatment and timing of partner payments may not align with the expense run-rate. Until higher-volume shipments and licensing economics begin to scale, losses are likely to persist.
Limited revenue visibility and expected EBITDA losses are likely to weigh on the company’s second-quarter results.
Earnings WhispersOur proven model does not conclusively predict an earnings beat for QuantumScape for the quarter to be reported, as it does not have the right combination of the two key ingredients. A positive Earnings ESP, combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. This is not the case here.
Earnings ESP: QS has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate is pegged in line with the Zacks Consensus Estimate. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: It currently carries a Zacks Rank #4 (Sell).
Stocks With the Favorable CombinationHere are a few players from the auto space that, per our model, have the correct ingredients to post an earnings beat this time.
Gentex Corporation (GNTX - Free Report) is slated to release second-quarter 2026 results on July 24. The company has an Earnings ESP of +0.67% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for GNTX’s to-be-reported quarter’s earnings and revenues is pegged at 50 cents per share and $669 million.
Cummins Inc. (CMI - Free Report) is slated to release second-quarter 2026 results on August 4. The company has an Earnings ESP of +0.43% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for CMI’s to-be-reported quarter’s earnings and revenues is pegged at $7.34 per share and $9.33 billion.
BorgWarner Inc. (BWA - Free Report) is slated to release second-quarter 2026 results on August 5. The company has an Earnings ESP of +0.62% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for BWA’s to-be-reported quarter’s earnings and revenues is pegged at $1.26 per share and $3.58 billion.
