SES

Revenue growth was primarily driven by the Energy Storage Systems (ESS) segment through UZ Energy, which benefited from strong demand in commercial and industrial sectors. The company successfully converted its South Korean manufacturing facility from EV pouch cells to drone-format cells to capitalize on the high-demand U.S. defense market. Management is leveraging a 'CapEx-light' business model, focusing on strategic partnerships like the Hisun joint venture to scale material production without heavy infrastructure investment. The Molecular Universe AI platform is being transitioned from an internal R&D tool to a direct revenue stream through 'Search-in-a-Box' subscriptions for global battery manufacturers. Strategic entry into the North American market was secured via a $20 million multi-year distribution agreement with ATG EPower, expanding the global footprint beyond Australia and Europe. Operational efficiency is being prioritized through a 15% planned reduction in full-year operating expenses, utilizing positive operating leverage as revenue scales. Full-year 2026 revenue guidance of $30 million to $35 million is reaffirmed, with the majority expected from ESS and the remainder split between drones and materials. Drone cell revenue is expected to begin in Q2 2026 and accelerate through Q3 and Q4 as customers complete supply chain audits for NDAA compliance. The South Korean facility is planned to ramp up to an annual capacity of over 1 million drone cells, representing a potential $25 million to $35 million revenue opportunity. Operating expense reductions are expected to show full-quarter impact starting in Q3 2026 as cost-management actions take full effect. Management is exploring additional NDAA-compliant manufacturing capacities in Southeast Asia to further mitigate geopolitical supply chain risks. Chief Financial Officer Jing Nealis is transitioning out of the company, with Ray Liu appointed as the successor effective April 27, 2026. A routine S-3 shelf registration statement will be filed to maintain financial flexibility as the current shelf expires in late April. GAAP net loss was significantly impacted by a $4.2 million non-cash gain related to the mark-to-market remeasurement of sponsor earn-out liabilities. The company maintains a strong liquidity position of approximately $178 million to fund 2026 growth initiatives. Our analysts just iden...

Reports above consensus first quarter revenue of $6.7 million Signed multiyear ESS distribution agreement with ATG EPower Improved first quarter gross margin to 18.1% from 11.3% in fourth quarter 2025 Maintained strong liquidity position with approximately $178 million Affirms full year 2026 revenue guidance of $30 million to $35 million Highlights Reported $6.7 million in the first quarter 2026 revenue, a 47% increase over $4.6 million in the fourth quarter of 2025 GAAP net loss in the first quarter 2026 of $12.1 million, or $0.04 loss per share, compared to a GAAP net loss of $17.0 million, or $0.05 loss per share in the fourth quarter 2025 Non-GAAP net loss in the first quarter 2026 of $11.1 million, or $0.03 loss per share, compared to a non-GAAP loss of $11.8 million, or $0.04 loss per share in the fourth quarter 2025 Gross margin improved to 18.1% in the first quarter 2026, from 11.3% in the fourth quarter 2025 Entered into a $20 million multiyear distribution agreement with ATG EPower, a leading North American distributor of renewable energy and energy storage solutions Completed the conversion of the manufacturing line at the Chungju, South Korea facility from EV pouch cells to drone-format pouch cells, quickly ramping up to an annual production capacity of one million cells a year Approximately six customers have progressed through second-phase testing of materials discovered through the Molecular Universe platform Introduced Molecular Universe 2.5 – the fifth iteration since the 2024 launch Secured a multiyear commitment from a major global battery manufacturer for MU’s Search in a Box product Affirmed previously issued full year 2026 revenue guidance in a range of $30 million to $35 million WOBURN, Mass., April 23, 2026--(BUSINESS WIRE)--SES AI Corporation ("SES AI") (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced its business results for the first quarter ended March 31, 2026 and affirmed its previously issued financial guidance for the year ending December 31, 2026. The Company posted a Letter to Our Shareholders on its Investor Relations website, which provides a business update, details on its first quarter 2026 results, and its guidance for 2026. Dr. Qichao Hu, Founder and CEO of SES AI, noted, "We continued to build on the positive momentum we cr...

Revenue and outlook: SES AI reported Q1 revenue of $6.7 million (up 47% sequentially), reaffirmed full-year 2026 guidance of $30–35 million, and finished the quarter with about $178 million in liquidity after using roughly $20 million of cash in operations. Energy storage is the main near-term driver: UZ Energy drove the majority of Q1 sales and SES AI launched North American distribution with AT‑G E‑Power (a ~ $20 million, three‑year agreement), while its Edge Box aims to cut battery state‑of‑charge estimation error to ~3%. Drone cells ramping and commercial potential: The Chungju facility was converted to produce NDAA‑compliant drone cells with >1M annual capacity, SES AI has a pipeline of a few dozen customers and expects drone revenue to start in Q2, with 1M cells implying roughly $25–35 million in potential revenue. Interested in SES AI Corporation? Here are five stocks we like better. 3 Defense Stocks Under $20 With Massive Upside SES AI (NYSE:SES) reported first-quarter 2026 revenue of $6.7 million, up 47% sequentially from $4.6 million in the fourth quarter of 2025, as the company cited growth in its energy storage systems business and early contributions from its drone cells and Molecular Universe (MU) software subscriptions. Founder and CEO Qichao Hu said the company had “a strong start for 2026,” with Q1 revenue “well above published consensus estimates.” SES AI reaffirmed its full-year 2026 revenue guidance of $30 million to $35 million, with contributions expected from all three revenue-generating business units. → STMicronelectronics Sends Industrial Chips Into Overdrive 5 EV Battery and Lithium Stocks Charging the Future Hu also addressed a finance leadership change, noting that CFO Jing Nealis will transition out of the role effective April 27. “On behalf of the entire team and our board, I want to thank her for her contributions and wish her well,” Hu said. The company appointed Ray Liu as its new CFO effective April 27. Hu described Liu as a finance executive with more than 20 years of experience in FP&A, strategic finance, and SEC reporting, including roles at Aiden and MetLife Investment Management. Hu added that Liu is a CFA charterholder and CPA. → The Trade Desk: Down 75%, But a Reversal May Be Near Hu said energy storage systems (ESS) remained SES AI’s “largest near-term revenue driver” and accounted for the majority of Q1 revenue thr...

This article first appeared on GuruFocus. Release Date: April 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SES AI Corp (NYSE:SES) reported a strong start to 2026 with first-quarter revenue of $6.7 million, marking a 47% increase over the previous quarter. The company reaffirmed its full-year 2026 revenue guidance of $30 million to $35 million, indicating confidence in its growth trajectory. SES AI Corp (NYSE:SES) has entered the North American market through a multi-year distribution agreement with ATG E-Power, valued at approximately $20 million over three years. The company has completed the conversion of its manufacturing line in South Korea to produce drone-format power cells, positioning it well in the U.S. Defense drone market. SES AI Corp (NYSE:SES) introduced version 2.5 of its Molecular Universe platform, which has been validated by a major global battery manufacturer committing to a multi-year subscription. The company's GAAP net loss for the first quarter was $12.1 million, reflecting ongoing financial challenges. Operating expenses increased to $19.1 million in Q1 2026 from $18.2 million in Q4 2025, indicating rising costs. The revenue growth was partly due to $1.5 million of revenue pushed from Q4 2025 to Q1 2026, which may not reflect sustainable growth. The drone cell business is still in the qualification phase, with revenue contributions expected to pick up later in the year. The company is undergoing a CFO transition, which could introduce uncertainties in financial management and strategy execution. Warning! GuruFocus has detected 4 Warning Signs with SES. Is SES fairly valued? Test your thesis with our free DCF calculator. Q: Can you discuss the typical timeline for transitioning drone qualification tests into firm purchase orders? A: (Chi-Chao Hu, CEO) Drone qualification typically takes one to two quarters. Most qualifications have been completed, and now it's about ensuring supply chain audits in our Korea facility. Q: Can you quantify the contribution of the on-premise solution this year? A: (Chi-Chao Hu, CEO) We had a major battery company sign up for our Molecular Universe Search in a Box, and we have more in the pipeline interested in other features. More quantification will be available next quarter. Q: What is the split between defense and commercial interest in the...

QuantumScape Corporation QS reported a loss of 16 cents per share for the first quarter of 2026, 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. Operationally, the company reported progress in ramping up the Eagle Line, with early production underway and ongoing efforts to enhance efficiency and output. QuantumScape remains a development-stage company with no GAAP revenues to date. Operating expenses fell to $109.2 million, and net loss narrowed to $100.8 million. QuantumScape Corporation price-consensus-eps-surprise-chart | QuantumScape Corporation Quote QuantumScape reiterated that EV development remains its core focus and primary source of customer activity. The company continues to work closely with Volkswagen Group’s PowerCo as it advances its automotive commercialization roadmap, with the next phase focused on field testing under real-world conditions to drive iteration. Beyond Volkswagen, the company shipped cells to an automotive joint development agreement partner for testing during the first quarter. QuantumScape also reported completing a technology evaluation with another top-10 global automotive OEM, which included hands-on engineering work and competitive benchmarking, and the engagement is now progressing into joint development activities. QS described its ecosystem strategy as a key part of keeping costs low while scaling up. Instead of building everything itself, it partners with others to expand production of its solid ceramic separators. The company is working with Murata Manufacturing and Corning to scale up separator production using its Cobra process, with ongoing technical collaboration. A notable milestone this quarter was the company’s first customer billings from partners, totaling $11 million. The company noted that partners are investing in QS-specific equipment and systems, demonstrating commitment while also generating revenue, as QuantumScape shares its equipment, processes and know-how while retaining control of its core technology. On spending, QS reported first-quarter 2026 capital expenditures of $10 million, primarily reflecting final payments tied to the Eagle Line. For full-year 2026, the company has maintained its capex guidance of...

This article first appeared on GuruFocus. SES AI Corp (NYSE:SES) is set to release its Q1 2026 earnings on Apr 23, 2026. The consensus estimate for Q1 2026 revenue is $3.66 million, and the earnings are expected to come in at -$0.04 per share. The full year 2026's revenue is expected to be $32.00 million and the earnings are expected to be -$0.18 per share. More detailed estimate data can be found on the Forecast page. Warning! GuruFocus has detected 4 Warning Signs with SES. Is SES fairly valued? Test your thesis with our free DCF calculator. Over the past 90 days, revenue estimates for SES AI Corp (NYSE:SES) have declined from $51.67 million to $32.00 million for the full year 2026, and from $0.14 billion to $67.60 million for 2027. Earnings estimates for SES AI Corp (NYSE:SES) have increased from -$0.19 per share to -$0.18 per share for the full year 2026, and declined from -$0.03 per share to -$0.15 per share for 2027. In the previous quarter of 2025-12-31, SES AI Corp's (NYSE:SES) actual revenue was $4.56 million, which missed analysts' revenue expectations of $6.64 million by -31.33%. SES AI Corp's (NYSE:SES) actual earnings were -$0.05 per share, which met analysts' earnings expectations. After releasing the results, SES AI Corp (NYSE:SES) was down by -36.84% in one day. Based on the one-year price targets offered by 2 analysts, the average target price for SES AI Corp (NYSE:SES) is $2.65 with a high estimate of $4.00 and a low estimate of $1.30. The average target implies an upside of 130.43% from the current price of $1.15. Based on GuruFocus estimates, the estimated GF Value for SES AI Corp (NYSE:SES) in one year is $0.00, suggesting a downside of -100% from the current price of $1.15. Based on the consensus recommendation from 3 brokerage firms, SES AI Corp's (NYSE:SES) average brokerage recommendation is currently 2.7, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies strong buy, and 5 denotes sell.

Expects first quarter 2026 revenue of $6.3 million to $6.5 million Affirms full year 2026 revenue guidance of $30 million to $35 million Plans to report first quarter 2026 results on April 23, 2026 WOBURN, Mass., April 01, 2026--(BUSINESS WIRE)--SES AI Corporation ("SES AI", the "Company," "we" or "us") (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today provided a business update for the first quarter of 2026, including expected revenue for the quarter and affirmed its previously issued full year 2026 revenue guidance. First Quarter 2026 Business Update Based on preliminary results, the Company expects first quarter 2026 revenue to be in the range of $6.3 million to $6.5 million, above published consensus estimates. The first quarter revenue is largely due to ESS product revenue from UZ Energy, reflecting continued momentum in the Company’s largest near-term revenue generating business, as well as smaller contributions from drones and subscription revenue. First quarter results also include approximately $1.5 million in revenue from orders that were previously disclosed as having been delayed from the fourth quarter of 2025 due primarily to logistics constraints. The Company is affirming its previously issued full year 2026 revenue guidance of $30 million to $35 million, with contributions expected from all three revenue generating business units: ESS, drones, and advanced materials. SES AI continues to execute on its capex-light business model and expects to provide additional details on its full year outlook when it reports first quarter results. Qichao Hu, Founder and CEO of SES AI, commented, "We are pleased to start 2026 with strong momentum in our ESS business. Our first quarter results are expected to come in above expectations, driven by the continued execution of UZ Energy and growing demand for our commercial and industrial energy storage solutions." "As we look ahead to the remainder of the year, we are confident in our full year guidance and excited about the pipeline of opportunities across our three revenue generating businesses. We remain focused on financial discipline, our capex-light model, and creating value for our shareholders through commercial execution and the continued development of the Molecular Universe platform," Hu added. First Quarter 2026 Earni...

CALGARY, AB, March 16, 2026 /CNW/ - SECURE Waste Infrastructure Corp. ("SECURE" or the "Corporation"), a leading waste management and energy infrastructure company, is pleased to announce that its Board of Directors has declared a quarterly dividend of $0.105 per common share payable on or about April 15, 2026, to shareholders of record on April 1, 2026. The declared dividend reflects the previously announced 5% increase to SECURE's quarterly dividend, raising the rate from $0.10 to $0.105 per share and underscoring the Corporation's confidence in the strength and sustainability of its cash flows. This dividend is designated as an eligible dividend for the purposes of the Income Tax Act (Canada) and any similar applicable provincial legislation. SECURE also announced today that it expects to release its 2026 first quarter financial and operating results before markets open on Thursday, April 30, 2026. Financial Statements and Management's Discussion and Analysis will be posted to SECURE's website and SEDAR+ following the release. SECURE will host a conference call Thursday, April 30, 2026, at 9:00 a.m. MST to discuss the first quarter results. To participate in the conference call, dial 437-900-0527 or toll free 1-888-510-2154. To access the simultaneous webcast, please visit www.secure.ca. For those unable to listen to the live call, a taped broadcast will be available at www.secure.ca and, until midnight MDT on Thursday, May 7, 2026, by dialing 1-888-660-6345 and using the pass code 89918#. ABOUT SECURE SECURE is a leading waste management and energy infrastructure business headquartered in Calgary, Alberta. SECURE's Waste Management segment is centered on a network of long-life, permitted processing, recovery, and disposal infrastructure across Western Canada and North Dakota that plays an essential role in the safe, efficient, and environmentally responsible management of waste generated by energy and industrial activity. Processing activities optimize the handling of hazardous and non-hazardous liquids, solids, emulsions, and industrial by-products, while recovery activities enable the recycling of metals and recovered oil, and disposal assets provide compliant, long-term solutions for residual waste. SECURE's Energy Infrastructure segment consists of crude oil terminals and storage facilities, and pipeline-connected infrastructure that enable the optim...

This article first appeared on GuruFocus. Release Date: March 04, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SES AI Corp (NYSE:SES) reported a significant increase in full-year revenue, reaching $21 million in 2025 compared to just over $2 million in 2024. The company successfully completed its EV development work with Honda and Hyundai, contributing to its revenue growth. SES AI Corp (NYSE:SES) has made substantial progress in developing its Molecular Universe platform, which has accelerated the discovery of new materials. The acquisition of UZ Energy has expanded SES AI Corp (NYSE:SES)'s presence in the energy storage systems (ESS) market, with plans to integrate advanced battery health monitoring. The company is well-positioned in the growing drone market, leveraging its lithium metal and high silicon carbon lithium-ion batteries for high energy density and power density applications. Logistics constraints delayed shipments at the end of 2025, pushing approximately $1.5 million of revenue into the first quarter of 2026. The EV market is experiencing a slowdown, with automakers hesitant to invest in mass-scale production of next-gen battery technology. SES AI Corp (NYSE:SES) reported a GAAP net loss of $73 million for the full year 2025, although this was an improvement from the previous year. The company's gross margin on product revenue is expected to be around 15%, which is relatively low compared to service revenue. Operating expenses remain high, although they have decreased year over year, reflecting the company's ongoing investment in its Molecular Universe platform and commercial growth initiatives. Warning! GuruFocus has detected 2 Warning Sign with SES. Is SES fairly valued? Test your thesis with our free DCF calculator. Q: What's next for the Honda and Hyundai development work, and when will it be commercialized for EVs? A: (CEO) The next step was to move from B sample to C sample, but the EV market is slowing down, and automakers are not investing in mass-scale production of next-gen technology. We hit all technical milestones, but the C sample is on hold. We're focusing on selling developed electrolyte materials and converting production lines for drone applications and using safety analytics software for ESS. Q: Can you quantify the one-time service revenue impact for fiscal 2025?...

Reports FY 2025 revenue of $21.0 million consistent with previous guidance Provides FY 2026 revenue guidance of $30 million to $35 million Contributions expected from all three revenue generating business units in 2026 Continued expansion of Molecular Universe as a proven AI4Science platform Strong balance sheet expected to provide liquidity into 2028 WOBURN, Mass., March 04, 2026--(BUSINESS WIRE)--SES AI Corporation ("SES AI", the "Company," "we" or "us") (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced its business results for the fourth quarter and year ended December 31, 2025 and provided financial guidance for the year ending December 31, 2026. Highlights for the fourth quarter and full year 2025 are listed below: Revenue of $4.6 million for the fourth quarter, a 124% increase from $2.0 million in the prior-year period; revenue of $21.0 million in 2025, a 10-fold increase from $2.0 million in 2024. GAAP net loss of $17.0 million in the fourth quarter, or $0.05 loss per share, compared with net loss of $34.5 million, or $0.11 loss per share in the prior-year period; GAAP net loss of $73.0 million in 2025, or $0.22 loss per share, compared with net loss of $100.2 million, or $0.31 loss per share in 2024. Non-GAAP net loss of $11.8 million in the fourth quarter, or $0.04 loss per share, compared with non-GAAP net loss of $19.9 million, or $0.06 loss per share in the prior-year period; non-GAAP net loss of $53.2 million in 2025, or $0.16 loss per share, compared with non-GAAP net loss of $66.4 million, or $0.21 loss per share, in 2024. Exited 2025 with a strong liquidity position of $200 million FY 2026 revenue projected to be in a range of $30 million to $35 million The Company posted a Letter to Our Shareholders on its Investor Relations website from Founder and CEO Dr. Qichao Hu and Chief Financial Officer Jing Nealis, which provides a business update, details on its fourth quarter and full year 2025 results, and its guidance for 2026. Qichao Hu, Founder and CEO of SES AI, noted, "During 2025, we continued our transformation through the launch of the Molecular Universe platform by using SES’s expertise in AI4Science to accelerate battery development and materials discovery. We also established three separate business units in Energy Storage Systems, drones, an...

SES AI's 2025 revenue jumped nearly tenfold to $21 million, driven primarily by one-time EV development services for Honda and Hyundai and the UZ Energy acquisition; management said the ~$13.6 million in OEM service revenue is not expected to recur in 2026. For 2026 the company guided revenue of $30–$35 million (≈43%–67% growth), with around 65% of revenue expected from ESS and a consolidated gross margin target of about 15%, while unit margins are projected at ~15% for ESS, >20% for drone cells and 10%–20% for materials. SES AI finished 2025 with approximately $200 million in liquidity, reduced operating expenses and narrowed adjusted EBITDA losses (Q4 adjusted EBITDA −$13.8 million, FY −$62.6 million), and plans to remain a CapEx‑light business with modest 2026 capital spending. Interested in SES AI Corporation? Here are five stocks we like better. 5 EV Battery and Lithium Stocks Charging the Future SES AI (NYSE:SES) reported sharply higher revenue in 2025, driven by the final contributions from electric-vehicle development services for Honda and Hyundai and by the initial revenue contribution from its energy storage acquisition, UZ Energy. Management also outlined a strategy centered on three revenue-generating business units—energy storage systems (ESS), drones, and materials—supported by what the company calls its “AI for science” platform, Molecular Universe. Founder and CEO Qichao Hu said full-year 2025 revenue was $21 million, up from a little over $2 million in 2024, calling the increase a milestone tied primarily to the completion of EV development work with Honda and Hyundai. CFO Jing Nealis said service revenue in 2025 was $13.6 million, “primarily driven by the Honda and Hyundai service agreement,” and characterized it as a one-time contribution that is not expected to recur in 2026 guidance. → IonQ in Rebound Mode: Buy the Thesis, Respect the Risk Nealis added that 2025 revenue was in line with the company’s prior guidance range of $20 million to $25 million, but was affected by logistics constraints that delayed end-of-year shipments. She said approximately $1.5 million of revenue was pushed into the first quarter of 2026 as a result. For the fourth quarter, SES AI reported revenue of $4.6 million, up 124% year-over-year. Nealis said fourth-quarter GAAP gross margin was 11.3% (non-GAAP: 11.7%), attributing the lower quarterly margin to a highe...