Amprius Q1 revenue more than doubles, raises 2026 outlook

Amprius Technologies

06/05/2026 21:40

Overview

Silicon battery maker's Q1 2026 revenue more than doubles yr/yr to $28.5 mln

Net loss narrows 46% yr/yr to $5.0 mln, gross margin improves to 20%

Company raises 2026 revenue outlook to at least $130 mln on increased demand

Outlook

Amprius raises 2026 revenue outlook to at least $130 mln

Company reiterates 2026 net loss target below $8 mln and adjusted EBITDA of at least $4 mln

Amprius expects capital expenditure for 2026 to be under $10 mln

Result Drivers

CUSTOMER EXPANSION - Co said Q1 revenue growth reflects deeper relationships with existing drone customers and entry into new end markets

ELECTRIC MOBILITY ORDER - $21 mln purchase order from new electric mobility customer in China contributed to expanding commercial reach

DEFENSE CONTRACTS - New orders from U.S. defense customers and expanded DIU contract boosted visibility into future sales

Company press release: ID:nBw9ZgwvMa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$5 mln
Q1 Gross Margin
20.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Amprius Technologies Inc is $20.00, about 6.5% below its May 5 closing price of $21.40

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)