Battery developer SES AI's Q2 revenue falls more than expected

SES AI

11/08/2026 21:26

Overview
Battery developer's Q2 revenue declined and missed analyst expectations
Adjusted loss per share for Q2 beat analyst expectations
Company affirmed full yr 2026 revenue guidance and highlighted Sol-Ark certification milestone

Outlook
SES AI affirms full-year 2026 revenue guidance of $30 mln to $35 mln

Result Drivers
MATERIALS SEGMENT - Co said Materials contributed $1.2 mln in Q2 revenue
MOLECULAR UNIVERSE PLATFORM - Co said Molecular Universe generated first revenue from a multi-year subscription with a global battery manufacturer
SOL-ARK CERTIFICATION - Co said Sol-Ark’s certification of UZ Energy opens a large U.S. residential energy storage market

Company press release: ID:nBw5Hn0T7a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$5.1 mln
$5.40 mln (3 Analysts)
Q2 Adjusted Loss Per Share
Beat
$0.04
$0.05 (3 Analysts)
Q2 Net Loss
 
$17.8 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 SES AI Corporation is $2.70, about 407.7% above its August 10 closing price of $0.53

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Aug 11 - South Korea's Samsung SDI to buy out GM's stake in battery joint venture
Aug 10 - Canada's Electrovaya Q3 revenue misses estimates on program delivery delays

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)