SES AI Q1 revenue rises 47%; announces CFO change

SES AI

23/04/2026 22:05

Overview

US battery maker's Q1 revenue rose 47% quarter-over-quarter to $6.7 mln

Gross margin improved to 18.1% from 11.3% in prior quarter

Company affirmed full-year 2026 revenue guidance of $30 mln to $35 mln

Separately, co announced Chief Financial Officer transition

Outlook

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

Company expects to grow revenue across three business units and expand margins

SES AI sees continued expansion in ESS and drone cell businesses supporting outlook

Result Drivers

DRONE CELL PRODUCTION - Co completed conversion of its South Korea facility to drone-format pouch cells and began shipping samples to prospective customers

Company press release: ID:nBw1pwBHWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$6.70 mln
$3.66 mln (2 Analysts)
Q1 Adjusted EPS
$0.03
-$0.04 (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "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 Corp is $2.65, about 117.2% above its April 23 closing price of $1.22

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.)