QS

It has been about a month since the last earnings report for Garrett Motion (GTX). Shares have lost about 11.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Garrett Motion due for a breakout? Well, first let's take a quick look at the most recent earnings report in order to get a better handle on the recent drivers for Garrett Motion Inc. before we dive into how investors and analysts have reacted as of late. Garrett Motion reported second-quarter 2026 earnings of 53 cents per share, beating the Zacks Consensus Estimate of 46 cents by 15.2%. Earnings increased 26.2% from 42 cents in the year-ago quarter.Net sales rose 6.9% year over year to $976 million and surpassed the consensus estimate of $964 million by 1.2%. Growth across all product verticals, productivity gains and a favorable business mix supported the performance. Adjusted EBIT margin expanded 200 basis points to 15.6%. Net sales increased 7% on a reported basis and 5% at constant currency. The improvement reflected share-of-demand gains in passenger vehicles, stronger commercial vehicle and industrial demand, and higher aftermarket volumes.Gasoline sales advanced 5% year over year, including 3% growth at constant currency. New application launches and program ramp-ups in Europe, India and South America supported the category.Diesel sales increased 8%, or 6% at constant currency, driven by light commercial vehicle and pickup truck demand across Europe, Asia and South America, along with program ramp-ups in India.Commercial vehicle and industrial sales climbed 10% year over year on both reported and constant-currency bases. Strong on-highway demand in China following program launches and higher North American genset activity for data centers contributed to the increase. Industrial turbo sales exceeded $80 million during the first half. The business is now expected to generate about $200 million in full-year sales, supported by power-generation demand.Aftermarket sales rose 8%, or 7% excluding currency effects, as volumes improved in Europe, China and Australia. Gross profit increased to $212 million from $181 million. Gross margin improved to 21.7% from 19.8%. Higher sales volumes, productivity, pricing net of inflation pass-through, lower research, development and engineering costs, and favorable product mix more than offset commodity, transportation and energy inflation.Adjusted EBIT rose $28 million year over year to a record $152 million. Higher volumes contributed $16 million, productivity added $10 million and pricing net of inflation pass-through provided $8 million. These benefits were partly offset by $8 million of inflation-related costs and a $5 million unfavorable currency impact. Net income totaled $101 million, up from $87 million a year earlier, while net income margin increased to 10.3% from 9.5%. The improvement was mainly driven by higher gross profit and lower interest expense, partially offset by increased taxes, lower non-operating income and higher selling, general and administrative expenses.Net cash provided by operating activities was $145 million, compared with $158 million in the prior-year period. Adjusted free cash flow edged up to $122 million from $121 million, representing 80% conversion from adjusted EBIT. Garrett ended the quarter with $788 million of liquidity, including $158 million in unrestricted cash and $630 million of available revolver capacity. The company repurchased $28 million of common stock during the quarter, bringing year-to-date buybacks to $115 million. Garrett also paid $15 million in dividends, while its board declared a third-quarter dividend of 8 cents per share.GTX voluntarily repaid $50 million of term-loan debt during the quarter. Total debt principal declined to $1.39 billion from $1.44 billion at the end of 2025. The company had $135 million remaining under its share-repurchase authorization at quarter-end. The company secured multiple turbocharger awards, including a large North American light vehicle program and several commercial vehicle applications in China and India. It also won a major Garrett MEG award for data-center gensets and additional power-generation programs across multiple regions.Garrett began pre-development work on a commercial vehicle electric powertrain with a Japanese truck manufacturer. The company also secured a production award for industrial air compression using its centrifugal compressor technology and reported growing interest from heating, ventilation and air-conditioning manufacturers in its electric cooling solutions. Garrett now expects 2026 net sales of $3.7-$3.9 billion, compared with the previous range of $3.6-$3.9 billion. Constant-currency sales growth is projected between 1% and 7%, up from the earlier forecast of a 2% decline to 6% growth.Adjusted EBIT is anticipated between $560 million and $600 million versus the prior range of $520-$600 million. Adjusted free cash flow is forecast in the band of $385-$475 million compared with $355-$475 million previously. The revised outlook reflects first-half execution, a stronger product mix and continued productivity benefits, despite softer expected light vehicle production. It turns out, estimates review have trended upward during the past month. At this time, Garrett Motion has a average Growth Score of C, a grade with the same score on the momentum front. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for value investors. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Garrett Motion has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months. Garrett Motion is part of the Zacks Automotive - Original Equipment industry. Over the past month, QuantumScape Corporation (QS), a stock from the same industry, has gained 12.8%. The company reported its results for the quarter ended June 2026 more than a month ago. QuantumScape reported revenues of $0 million in the last reported quarter, representing a year-over-year change of 0%. EPS of -$0.16 for the same period compares with -$0.20 a year ago. QuantumScape is expected to post a loss of $0.18 per share for the current quarter, representing no change from the year-ago quarter. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for QuantumScape. Also, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garrett Motion Inc. (GTX) : Free Stock Analysis Report QuantumScape Corporation (QS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Timothy Holme, the chief technology officer at QuantumScape Corporation (NASDAQ:QS), reported a sale of 75,962 shares of Class A Common Stock on August 18 and August 19, according to an SEC Form 4 filing. Transaction value based on SEC Form 4 weighted average sale price ($5.75); post-transaction value based on the August 19 market close ($5.88). What was the regulatory context for this transaction?The activity was partially non-discretionary, as 34,086 shares were withheld to cover tax obligations following the release of restricted stock units (RSUs), while the remaining sales were scheduled under a Rule 10b5-1 trading plan adopted on June 5, 2025. How does the executive's remaining position compare to the shares sold?Holme's remaining direct position of 1.7 million shares is substantially larger than the 75,962 shares disposed of in this transaction, and the executive also holds 1.2 million indirect derivative securities. What is the current valuation framework for these shares?The stock was priced at $5.88 as of the August 19 market close, a level that reflects a 26% decline over the previous 12 months as of the transaction date. What was the nature of the indirect holdings liquidation?The transaction resulted in the sale of 21,531 shares held indirectly, which represented the entirety of the executive's indirect common stock position at the time of the filing. QuantumScape specializes in the development and commercialization of solid-state lithium-metal battery technology, with primary applications in electric vehicle powertrains and secondary applications across various industrial and consumer markets. The company generates revenue through licensing agreements, development partnerships, and manufacturing collaborations with automotive original equipment manufacturers seeking next-generation battery solutions for electrified vehicle platforms. QuantumScape's primary customers are major automotive manufacturers and tier-one suppliers pursuing advanced battery technologies to enhance electric vehicle range, performance, and cost competitiveness in the global EV market. QuantumScape Corporation operates as a pre-revenue stage technology company focused on commercializing solid-state battery technology for the rapidly expanding electric vehicle sector. Founded in 2010 and headquartered in San Jose, California, the company maintains a lean operational structure with approximately 700 employees dedicated to advancing battery chemistry and manufacturing processes. The company's competitive positioning centers on proprietary solid-state lithium-metal battery architecture, which offers potential advantages in energy density, charging speed, and thermal stability compared to conventional lithium-ion battery technologies. Holme's sale splits into two pieces, and both are explainable without any signal. Roughly 34,000 shares came out through tax withholding on vested RSUs, while the rest sold under a 10b5-1 plan he set up back in June 2025, well before this quarter's news cycle. Plus, the sale wiped out his entire indirect stock position, which sounds bigger than it is since he still holds 1.7 million shares directly and another 1.2 million in derivative securities.More importantly, as CTO, Holme is basically the person actually responsible for the technology QuantumScape just got Honda to bet on. CEO Siva Sivaram described that partnership on the July earnings call as the result of "one of the most rigorous assessments of our technology to date," and that assessment is Holme's engineering, not a marketing claim. The company also reported a GAAP net loss of $98.2 million for the second quarter, narrower than the $114.7 million loss a year earlier, while customer billings hit $21.8 million through midyear, already ahead of all of 2025.For long-term investors, whether QuantumScape's Eagle Line can keep doubling output in the back half of the year, as management has promised, matters far more here than a CTO's scheduled trade. Before you buy stock in QuantumScape, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and QuantumScape wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $429,223!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,318,055!* That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 22, 2026. 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. QuantumScape's CTO Sold 75,962 Shares the Same Quarter Honda Bet on His Technology. Here's What to Know was originally published by The Motley Fool

Luca Giovanni Fasoli, the chief operating officer of QuantumScape Corporation (NASDAQ:QS), disposed of 32,255 shares on August 18, according to a recent SEC Form 4 filing. Transaction value based on SEC Form 4 weighted average sale price ($5.74); post-transaction value based on the August 18 market close ($5.76). What was the primary driver of this share disposal?The sale was non-discretionary, executed to cover tax obligations, and does not reflect the insider's view on the stock. This mechanism is an automated arrangement to handle the tax liabilities that arise when equity awards vest and are released to the employee. What is the composition of the remaining equity stake?The reported 1.9 million shares of Class A Common Stock include 1.7 million shares represented by RSUs and performance restricted stock units (PSUs). These units represent the right to receive common stock upon the achievement of service-based or performance-based milestones. How significant is the insider's remaining exposure to the company?Despite the recent disposal, the chief operating officer maintains a direct equity position valued at $11.0 million as of the transaction date. This significant concentration of equity, which includes both vested shares and future-vesting performance units, ensures continued alignment with long-term objectives. Does this transaction impact the total insider ownership percentage?Following this non-discretionary tax withholding, total insider ownership across the company remains approximately 0.3%. The disposal of 32,255 shares is negligible relative to the total shares outstanding and the aggregate insider holdings. QuantumScape Corporation specializes in the development and commercialization of solid-state lithium-metal battery technology, a next-generation power solution primarily for electric vehicles and other advanced applications. The company generates revenue through the advancement, licensing, and eventual market deployment of proprietary solid-state battery technology, positioning itself as a technology innovator in the energy storage sector rather than a traditional battery manufacturer. QuantumScape's primary target customers are electric vehicle manufacturers and original equipment suppliers seeking high-performance, next-generation battery solutions to enhance vehicle range, charging speed, and overall performance characteristics. QuantumScape Corporation is a pre-revenue technology development company with a market capitalization of $3.6 billion, reflecting investor expectations for the commercialization of solid-state batteries. Founded in 2010 and headquartered in San Jose, California, the company maintains a focused organizational structure with approximately 700 employees dedicated to advancing solid-state lithium-metal battery technology. The company's competitive positioning centers on proprietary solid-state battery architecture designed to address critical limitations of conventional lithium-ion batteries, including energy density, thermal stability, and charging efficiency. As with other QuantumScape execs this past week, Fasoli's disposal is the standard sell-to-cover mechanic, a tax withholding on vested equity, and it's a small fraction of the 1.9 million shares he still holds, most of that tied up in RSUs and performance units that pay out only if the company hits its milestones. In other words, nothing about the size or timing here breaks from that pattern.More worthy of a long-term investor's attention, his job as COO puts him directly in charge of the milestone that actually matters most right now: getting the Eagle Line production line to scale. Core tools on that line are running above 90% uptime, and management has said it plans to double cell output in the second half of the year. CEO Siva Sivaram summed up where things stand on the July earnings call, saying, "We are making strong operational progress and remain on track." Meanwhile, the company narrowed its GAAP net loss to $98.2 million for the second quarter, down from $114.7 million a year earlier, and customer billings hit $21.8 million through midyear, already topping all of 2025's total. Whether Fasoli's team actually delivers that doubled output on schedule is the thing worth tracking here, not 32,255 shares moving for tax reasons. Before you buy stock in QuantumScape, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and QuantumScape wasn’t one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $429,223!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,318,055!* That performance is why people listen. With a track record of beating the S&P 500 by nearly 5x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul. See the 10 stocks » *Stock Advisor returns as of August 22, 2026. 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. QuantumScape's COO Sold Stock the Same Quarter His Production Line Hit 90% Uptime. Here's What to Know was originally published by The Motley Fool

A month has gone by since the last earnings report for QuantumScape Corporation (QS). 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 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. GAAP 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. The 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. QuantumScape 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. The 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. Increased 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. Adjusted 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. Net 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. Since the earnings release, investors have witnessed a upward trend in estimates review. At 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. Estimates 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. QuantumScape is part of the Zacks Automotive - Original Equipment industry. Over the past month, Autoliv, Inc. (ALV), 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. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QuantumScape Corporation (QS) : Free Stock Analysis Report Autoliv, Inc. (ALV) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

QuantumScape QS reported a narrower-than-expected second-quarter 2026 loss and announced an ambitious move into artificial intelligence (AI) data centers. Yet the stock plunged about 13% the following day, pushing its year-to-date decline to 51%. The sharp sell-off shows that investors are no longer focused on quarterly losses alone. They want clear evidence that the company is getting closer to generating meaningful revenues. This quarter's results suggest that the goal is still some distance away. QuantumScape Corporation price-consensus-eps-surprise-chart | QuantumScape Corporation Quote The last reported quarter brought several encouraging updates. Cash and investments were $859 million, while full-year capex guidance was lowered to $27-$37 million from $40-$60 million, extending the company's cash runway. Manufacturing also improved, with the Eagle Line maintaining more than 90% core-tool uptime, customer sample shipments increasing and output expected to roughly double in the second half of 2026. On the commercial front, Honda joined as the fourth top-10 global automaker, expanding QuantumScape's OEM base, while customer billings reached $21.8 million in the first half of 2026, already exceeding all of 2025. The company also expanded into AI data centers and aerospace/defense, opening up long-term growth opportunities beyond electric vehicles. QuantumScape established three dedicated 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. This is where the optimism starts to fade. Collaboration with Honda, alongside Volkswagen, is a positive sign and shows that interest in QuantumScape's technology remains strong. Customer billings in the first half of 2026 are already ahead of all of fiscal 2025. However, billings are not the same as revenues. QuantumScape still generates virtually no GAAP revenues, and these payments depend on development milestones rather than steady customer demand. More importantly, the PowerCo partnership delivered disappointing news. Potential milestone payments were reduced to about $75 million from roughly $131 million, while a separate $130 million royalty prepayment is still tied to technical milestones yet to be achieved. That suggests PowerCo is becoming more cautious. QuantumScape reported a GAAP net loss of $98.2 million and an adjusted EBITDA loss of $64.2 million during the quarter. Management also kept its full-year adjusted EBITDA loss guidance unchanged at $250-$275 million. The consensus mark for QS’ 2026 and 2027 loss per share has also widened over the past 90 days. Image Source: Zacks Investment Research While the quarterly loss was smaller than expected, the company is still burning significant cash without meaningful recurring revenues. At the same time, QuantumScape is trying to grow in three different markets—EVs, AI data centers and aerospace/defense. This creates more opportunities, but it also means management is spreading its time and resources across multiple businesses before proving success in its core EV battery business. QuantumScape isn't the only company facing investor skepticism. Solid Power SLDP also fell 8% yesterday and is down about 50% this year. SES AI SES also dropped roughly 9% yesterday, bringing its year-to-date decline to 70%. Image Source: Zacks Investment Research The market seems to be becoming increasingly impatient with solid-state battery companies. Investors now want commercial progress and recurring revenues, not just technological milestones. QuantumScape is making progress where it matters operationally. Its manufacturing technology is improving, more automakers are showing interest, and its balance sheet remains healthy. But those positives are being overshadowed by slower commercialization, weaker support from PowerCo, the lack of recurring revenues, and continued heavy losses. While the sharp post-earnings decline may tempt bargain hunters, the stock still looks more like a value trap than a buying opportunity. It carries a Value Score of F. The business remains pre-revenue, commercialization timelines are uncertain, and key partnerships have yet to translate into recurring cash flows. Until QuantumScape turns its manufacturing progress into steady revenue and stronger partner commitments, the downside risk appears greater than the potential upside. The stock carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QuantumScape Corporation (QS) : Free Stock Analysis Report SES AI Corporation (SES) : Free Stock Analysis Report Solid Power, Inc. (SLDP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. QuantumScape is transitioning from an automotive-only focus to a multi-vertical strategy by establishing QS EV, QS DC (AI Data Centers), and QSAS (Advanced Solutions for Aerospace and Defense). The new Honda partnership follows a rigorous technical assessment and provides a pathway to leverage Honda's existing solid-state manufacturing investments and diverse product portfolio. Operational progress on the Eagle pilot line is a primary driver for commercialization, with core tools showing uptime greater than 90% and productivity hitting internal targets. Management attributes the expansion into AI data centers to the market's transition toward 800-volt architectures and the critical need for high-power, safe energy storage near high-value GPUs. The company is leveraging its 'no-compromise' technology platform, where the ceramic separator and anode-free architecture serve as a common foundation across all three business verticals. Strategic positioning in the defense sector is validated by recent shipments of QSE5 cells to a major American defense prime for unmanned systems and drones. Management aims to double cell output from the Eagle line in the second half of 2026 to accelerate sample shipments across all three business verticals. The roadmap includes transitioning to larger format cells beyond the QSE5, utilizing the COBRA process to produce larger area separators for higher energy density. The AI data center vertical is targeting product integration aligned with the industry's shift toward megawatt racks and 800-volt designs expected around late 2028. Future high-volume production strategy involves orchestrating a network of partners, including equipment vendors and ceramic manufacturers like Murata and Corning. Guidance for 2026 assumes continued capital discipline, with lowered CapEx projections reflecting cost savings on specific projects while maintaining R&D momentum. The Volkswagen/PowerCo agreement was updated to align with the new technology roadmap, reducing total possible payments from approximately $131 million to $75 million. Management expects the PowerCo amendment to be cash-neutral as the reduction in potential payments is offset by significantly reduced project-specific expenses. Full-year 2026 CapEx guidance was lowered to between $27 million and $37 million, down from previous estimates, due to capital discipline and project efficiencies. New safety testing demonstrated thermal stability up to 300 degrees Celsius, significantly exceeding the 200-degree threshold typical for conventional lithium-ion cells. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified that the shift reflects a natural progression of the relationship to align with the future technology roadmap, such as larger cell formats. The change does not indicate a shift in the underlying objective to industrialize and transfer technology for automotive commercialization by 2029. The $130 million prepayment remains unchanged and is scheduled to be released upon achieving specific technical milestones and form factor alignments. Progress on the Eagle line and COBRA process for larger separators supports the trajectory toward triggering these payments. Unlike automotive OEMs who have their own battery pilot lines, data center and defense customers often require different integration paths involving ODMs. The company is hiring specialized leadership and sales personnel to manage these faster-moving markets where product cycles are shorter than automotive. Management noted that the existing agreement with PowerCo allows for up to 5 gigawatt-hours of production to be sold outside the automotive market. While the Eagle line handles current sampling, the company will eventually need to add or partner for additional capacity to meet long-term demand in these sectors.

QuantumScape Corporation QS used its second-quarter 2026 earnings call to shift investor attention away from a simple quarterly loss figure and toward commercialization milestones, customer expansion and new end markets. Management’s message was that the company is broadening the path to scale while keeping its core automotive plans intact.That framing mattered because the quarter combined a narrower-than-expected loss with several strategic updates, including a Honda partnership, revised PowerCo milestones and a formal push into AI data centers and defense. President, CEO and director Siva Sivaram put the new Honda partnership at the top of the call. He described it as a multi-year agreement covering automotive and other applications in Honda’s portfolio, and he framed the deal as the result of a demanding technical evaluation.Management also said it amended the ongoing collaboration and licensing arrangement with Volkswagen PowerCo, with the updated scope tied to automotive cell development, larger-format cells and the future technology roadmap.Beyond Honda and PowerCo, Sivaram said QS is working with two other top-10 auto OEMs under joint development agreements and shipped cells to an additional automotive OEM during the quarter. That kept the automotive story centered on customer count, technical progress and paid relationships rather than near-term revenues. Chief financial officer Kevin Hettrich said second-quarter GAAP operating expenses were $106.1 million and GAAP net loss was $98.2 million, while adjusted EBITDA loss was $64.2 million. The company reported second-quarter loss of 16 cents per share, narrower than the Zacks Consensus Estimate of a loss of 18 cents. QuantumScape Corporation price-consensus-eps-surprise-chart | QuantumScape Corporation Quote Hettrich reiterated full-year 2026 adjusted EBITDA loss guidance of $250 million to $275 million. He also lowered capital expenditure guidance to $27 million to $37 million from prior expectations, citing capital discipline and savings on specific projects.Customer billings were another focus. Hettrich said second-quarter billings reached $10.8 million and first-half 2026 billings totaled $21.8 million, already above full-year 2025 billings of $19.5 million. He emphasized that billings can be lumpy, but management clearly wants investors tracking commercial traction through this metric. QuantumScape also formalized three verticals: QSEV for electric vehicles, QSDC for AI data centers and QSAS for advanced solutions such as aerospace and defense. Sivaram said the same underlying technology stack can serve multiple markets, with different go-to-market models layered on top.The AI data center pitch centered on rising rack power demands and the move toward 800-volt DC architectures. Management said QSDC is already working with original design manufacturers and data center architects on QSE-5-based solutions.On the defense side, QSAS shipped QSE-5 cells to a major American defense prime. In Q&A, Sivaram added that advanced solutions also cover medical devices and consumer electronics, showing the company wants this unit to be a broader commercialization channel beyond autos. The Eagle Line remained the core operational proof point. Sivaram said the automated pilot line in San Jose is now showing core tool uptime above 90%, while key productivity metrics are meeting targets and sample shipments are ramping.Management said it aims to double cell output again in the second half of 2026. That target matters because Eagle Line serves three functions at once: producing more customer samples, speeding process learning, and providing the manufacturing template for future scale-up and technology transfer.In the analyst Q&A, Sivaram repeatedly tied future milestones, especially with PowerCo, back to Eagle Line execution. He said progress there is what determines how quickly QuantumScape can transfer its process to partners for larger-scale production. Another notable management theme was safety. QuantumScape said broader testing on QSE-5 continued to support its argument that the cell design is safer than both conventional and next-generation lithium-ion approaches, with results spanning nail penetration, external short circuit, and thermal stability up to 300 degrees Celsius.The company also pointed to progress on larger-area separators produced with its Cobra process. Management presented that as evidence that the technology can move beyond the current QSE-5 format toward higher-capacity cells with better packaging efficiency. Analyst questions reinforced that these roadmap items now sit closer to the center of the PowerCo relationship. Sivaram said larger-format cells and advanced roadmap elements are part of the milestone set now guiding joint work. The clearest takeaway from the call was that management wants QuantumScape judged on expanding commercialization options, not just on a single automotive timetable. Sivaram’s prepared remarks and Q&A answers consistently linked autos, AI infrastructure and defense to one common need: better batteries backed by a scalable production system.At the same time, management did not back away from existing automotive goals. On Q&A, Sivaram said the 2029 production target tied to PowerCo remains unchanged, leaving the quarter’s message as one of addition rather than strategic replacement. QS currently carries a Zacks Rank #4 (Sell), along with a Value Score of F, Growth Score of B, Momentum Score of A and VGM Score of C. Under the Zacks framework, the rank is the primary signal, while Style Scores work best as a complement rather than a substitute.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.That combination points to mixed style characteristics, with stronger growth and momentum traits offset by weak value measures, but the rank keeps the overall signal cautious. The Zacks framework also notes that the rank can change as earnings estimate revisions adjust after results, so that assessment is not fixed. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QuantumScape Corporation (QS) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

This article first appeared on GuruFocus. GAAP Operating Expenses: $106.1 million in Q2 2026. GAAP Net Loss: $98.2 million in Q2 2026. Adjusted EBITDA Loss: $64.2 million in Q2 2026. Capital Expenditures: $4.6 million in Q2 2026. Full Year 2026 Adjusted EBITDA Loss Guidance: Between $250 million and $275 million. Full Year 2026 CapEx Guidance: Lowered to between $27 million and $37 million. Customer Billings in Q2 2026: $10.8 million. Total Customer Billings through Q2 2026: $21.8 million. Liquidity at End of Q2 2026: $859 million. Warning! GuruFocus has detected 2 Warning Sign with QS. Is QS fairly valued? Test your thesis with our free DCF calculator. Release Date: July 22, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. QuantumScape Corp (NASDAQ:QS) announced a multi-year partnership with Honda to advance solid-state lithium metal battery technology, marking a significant step in automotive commercialization. The company has updated its collaboration with Volkswagen PowerCo, focusing on automotive cell development and larger format cells, indicating progress in their technology roadmap. QuantumScape Corp (NASDAQ:QS) is establishing three business verticalsQSEV for electric vehicles, QSDC for AI data centers, and QSAS for advanced solutions, diversifying its market reach. The Eagle Line, a highly automated pilot cell production line, is showing significant operational progress with core tools achieving over 90% uptime, enhancing production scalability. QuantumScape Corp (NASDAQ:QS) reported customer billings of $21.8 million through Q2 2026, exceeding fiscal year 2025 billings, demonstrating strong customer engagement and demand. QuantumScape Corp (NASDAQ:QS) reported a GAAP net loss of $98.2 million in Q2, highlighting ongoing financial challenges. The adjusted EBITDA loss for Q2 was $64.2 million, indicating continued operational expenses and investment needs. The updated agreement with Volkswagen PowerCo reduced potential payments from $131 million to $75 million, reflecting a decrease in expected financial inflows. Capital expenditures guidance for 2026 was lowered to between $27 million and $37 million, suggesting a need for capital discipline and cost savings. The company faces challenges in scaling up production and meeting customer demand, as demonstrated by the complex integration and ramp-up of the Eagle Line. Q: What are the key goals for QuantumScape in 2026, and how is the company progressing towards them? A: Dr. Siva Sivaram, President and CEO, outlined four main goals: demonstrating scalable production with the Eagle Line, advancing automotive commercialization with QS EV, entering new high-value markets, and progressing beyond QSC 5 with future technology. The company is making strong operational progress, working with top automakers, and exploring new business verticals. They have also shown advancements in technology and safety data. Q: Can you provide an update on the relationship with Volkswagen PowerCo and its impact on commercialization? A: Dr. Siva Sivaram stated that the relationship with VW PowerCo remains strong, with updated milestones focusing on larger form factor cells and advanced technology elements. Kevin Hettrich, CFO, added that the financial impact is neutral, with reduced expenses offsetting lower payments under the new agreement. Q: How is the Eagle Line contributing to QuantumScape's progress, and what are the benefits of increased cell output? A: Dr. Siva Sivaram explained that the Eagle Line's increased productivity allows for more customer samples, rapid learning, and serves as a basis for technology transfer to higher volume lines. This progress supports customer demand and enhances the company's ability to scale production. Q: What is the focus for QuantumScape's new business verticals, and how do they align with the company's technology platform? A: Dr. Siva Sivaram emphasized that the new verticals, QSDC and QSAS, leverage the QSC 5 platform's capabilities. The focus is on go-to-market strategies and customer engagement, with plans to expand into high-value markets like AI data centers and aerospace, which complement the existing automotive focus. Q: How does QuantumScape plan to capitalize on the demand in the data center market, and what are the expected timelines? A: Dr. Siva Sivaram noted the significant demand for high-quality power delivery in data centers. The company is working with data center architects and ODMs to develop integrated solutions. The transition to 800-volt designs is expected to drive demand, with product deployment anticipated by the end of 2028. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

QuantumScape’s Q2 loss of $0.16 per share beat the Street estimate of a loss of $0.18 per share. CEO Siva Sivaram said QuantumScape is expanding beyond EVs into AI data centers, aerospace and defense. Sivaram said QuantumScape is expected to roughly double output in the second half of 2026. QuantumScape Corp. (QS) stock fell overnight despite the solid-state battery developer reporting a fiscal second-quarter (Q2) earnings beat, as investors weighed the company's ambitious expansion beyond electric vehicles into AI data centers, aerospace and defense alongside efforts to scale manufacturing and bump up customer sample shipments. QuantumScape reduced its Q2 losses but remained unprofitable. The company posted a net loss of $98.2 million, down from $114.7 million last year, while its loss per share improved to $0.16 and beat analysts’ estimate of $0.18, according to Fiscal AI data. See what 10M+ investors are talking about. Get the Stocktwits Daily Rip for what retail is watching right now, free to your inbox The company brought down total operating expenses to $106.1 million from $123.6 million. However, its adjusted EBITDA loss was $64.2 million, slightly higher than last year’s $63 million loss, showing limited improvement in profitability. QuantumScape stock traded 4% lower overnight on Wednesday. QuantumScape CEO Siva Sivaram outlined a broader commercial strategy during the Q2 earnings call, saying its solid-state battery technology is attracting demand beyond electric vehicles. “We also see broad-based interest in our technology across a variety of applications beyond electric vehicles, including AI data centers and other advanced applications such as aerospace and defense.” -Siva Sivaram, CEO, QuantumScape Sivaram further explained that the company is organizing its operations into three dedicated business units. QS EV will continue serving automotive customers, QS DC will focus on AI data center opportunities, and QSAS will target aerospace and defense applications. He disclosed that its advanced solutions division has already shipped products to a major U.S. defense contractor and is engaged with aerospace and defense companies worldwide. Sivaram highlighted continued improvements at the company's highly automated Eagle pilot production line in California. According to him, manufacturing performance has advanced, production metrics are meeting internal targets and customer sample shipments are increasing. QuantumScape expects output to roughly double during the second half of 2026. “We are pleased to report that larger scale testing continues to show that QSC is a significantly safer cell design compared to both conventional and next-generation lithium-ion cells. We have also seen customer interest for our technology in cell form factors that are larger than the QLC 5.” On Stocktwits, retail sentiment around the stock improved to ‘extremely bullish’ from ‘neutral’ territory the previous day with a 262% increase in message volume over 24 hours. A user said, “The path to High-Margin Early Revenue: The newly established verticals—QSDC (AI data centers) and QSAS (aerospace and defense)—offer an alternative pathway to revenue. Aerospace and data centers are less price-sensitive and require lower cell volumes, meaning QS could start generating meaningful, high-margin revenue from these sectors while the massive EV manufacturing lines are still being built. Another user said, “QSE-5 format is basically commercial ready for AI datacenter use, with a 2028 install target date. This means contracts need to be signed relatively soon (this year) to execute for 2028. QS must be shopping for a commercial battery manufacturer.” QS stock has crashed 43% year-to-date. Also See: AMZN Stock Drops For Second Day — Amazon Reportedly Cuts Jobs In Artificial General Intelligence Unit Amid Strategic Realignment For updates and corrections, email newsroom[at]stocktwits[dot]com. Shivani Kumaresan has no position in any of the stocks mentioned in this article. StockTwits' news team content is for informational purposes only and is not intended as investment advice. For more, see our editorial policy. This article was originally published on StockTwits. Related: Bloom Energy Could Be Behind Massive Panama AI Data Center Projects, Says RBC SMCI Stock Jumps Over 6% — But Supermicro's $60B Backlog Could Require Fresh Capital OTLK Stock Generates Buzz Ahead Of FDA Decision On Wet AMD Therapy – Retail Says Favorable Verdict Could Cause A ‘Big Boom’

QuantumScape Corporation QS 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. QuantumScape Corporation price-consensus-eps-surprise-chart | QuantumScape Corporation Quote GAAP 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. The 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. QuantumScape 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. The 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. Increased 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. Adjusted 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. Net 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. QS currently carries a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. General Motors Company GM reported second-quarter 2026 adjusted earnings of $3.57 per share, up 41.3% year over year. The figure beat the Zacks Consensus Estimate of $3.13 by 14.06%. Revenues increased 1.9% to $48.03 billion and surpassed the consensus estimate of $46.56 billion by 3.15%. Strong pricing, lower costs and disciplined incentives supported results. General Motors raised its full-year adjusted EBIT guidance to $14-$16 billion from $13.5-$15.5 billion. Adjusted earnings are now projected at $12-$14 per share, up from the prior range of $11.50-$13.50.Autoliv ALV reported second-quarter 2026 adjusted earnings of $2.43 per share, which increased 10% year over year and came above the Zacks Consensus Estimate of $2.34 by 3.85%. Net sales rose 3.3% to $2.80 billion, topping the consensus estimate of $2.76 billion by 1.45%. Autoliv maintained its 2026 guidance for roughly flat organic sales, an adjusted operating margin of 10.5-11% and operating cash flow of around $1.2 billion. Autoliv’s capital expenditure, net, is expected to remain below 5% of sales.Genuine Parts GPC reported second-quarter 2026 adjusted earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.10 by 2.38%. The bottom line increased 2.4% from $2.10 in the year-ago quarter. Revenues rose 6% year over year to $6.54 billion and surpassed the consensus estimate of $6.39 billion by 2.36%. Genuine Parts reaffirmed its 2026 adjusted earnings guidance of $7.50-$8 per share and total sales growth outlook of 3-5.5%. Genuine Parts ended June with $2.3 billion of liquidity, including $559 million in cash. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report QuantumScape Corporation (QS) : Free Stock Analysis Report Genuine Parts Company (GPC) : Free Stock Analysis Report Autoliv, Inc. (ALV) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in QuantumScape Corporation? Here are five stocks we like better. QuantumScape said it advanced automotive commercialization in Q2, highlighted by a new multi-year partnership with Honda and an updated arrangement with Volkswagen’s PowerCo that keeps the long-term commercialization goals intact. The company is expanding beyond EVs by creating three business verticals: QSEV for automotive, QSDC for AI data centers, and QSAS for aerospace, defense and other advanced applications. Operationally, QuantumScape said its Eagle Line pilot production is ramping well, with uptime above 90% and higher sample shipments, while the company reiterated its 2026 adjusted EBITDA loss guidance of $250 million to $275 million and ended the quarter with $859 million in liquidity. MarketBeat Week in Review – 06/29 - 07/03 QuantumScape (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. → Buyback Boom: These 3 Companies Are Betting Billions on Their Own Stocks Burger King’s Turnaround Is Putting Restaurant Brands Back in Focus The 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. 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. → 3 Photonics Companies Making Quantum Tech Possible Slice of the Pie: Why Yum’s Deal Lifts QSR Asked 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. → AI Data Centers Need Power, and These 2 Industrials Are Cashing In 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. 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. 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. 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. 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. 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]. The article "QuantumScape Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.