EarningsQ2 2026 Earnings Report
MX:QS Q2 2026 EPS Results
Actual EPS-$2.78
Consensus EPS-$3.07
Beat/MissBeat by +$0.29
One Year Ago EPS-$3.47
MX:QS Q2 2026 Revenue Results
Actual Revenue$0.00
Expected Revenue$0.00
Beat/MissMet expectations
YoY Revenue Growth―
Earnings Announcement Details
QuarterQ2 2026
Date07/22/2026
TimeAfter Close
Conference CallWednesday, July 22, 2026
MX:QS Upcoming Earnings
QuantumScape's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:QS Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple meaningful commercial and technical progress points — new OEM partnerships (including Honda), Eagle line productivity improvements, safety validation at larger scale, increased customer billings, and a strong liquidity position. Those positives are tempered by sizeable GAAP losses and adjusted EBITDA burn, reductions in the potential VW/PowerCo payment pool (though described as net neutral), and remaining commercialization and scale-up risks that keep significant revenue realization and volume production in future years. Overall, the company appears to be making solid operational and technology progress while still managing the financial and execution risks inherent to scaling a first-of-a-kind battery technology.Company Guidance
Strategic OEM Partnerships Expanded (Honda and existing top OEMs)
Announced a multiyear partnership with Honda and stated engagement with 4 of the top 10 global automakers (including Volkswagen/PowerCo and additional OEMs). Also reported shipping cells to an additional automotive OEM customer, strengthening commercialization pathways.
Eagle Pilot Line Operational Progress and Productivity
Eagle pilot production line in San Jose is ramping: core yields/productivity metrics reported as >90% and meeting targets. Management aims to double cell output in the second half of 2026 (target ~+100%), ramping sample volumes and increasing customer shipments.
Customer Billings Growth — Annual Goal Achieved
Customer billings in Q2 were $10.8 million and total customer billings through Q2 were $21.8 million, exceeding full-year 2025 billings of $19.5 million — an increase of approximately 11.8% year-over-year through mid-2026, meeting the public goal to exceed 2025 billings.
Demonstrated Safety Advantages in Large-Scale Testing
Large-scale safety testing showed QSC cells to be significantly safer than conventional and next-generation lithium-ion cells. Thermal stability testing performed up to 300°C versus conventional testing at 200°C (300°C is +50% higher), and the proprietary ceramic separator is described as nonflammable/noncombustible.
Technology and Manufacturing Scalability
Demonstrated COBRA process can produce larger-area ceramic separators for higher-capacity cell formats, enabling improved packing efficiency and flexibility. Collaborations with Murata Manufacturing, Corning and established battery equipment vendors are in place to support scale-up and future factories.
Strong Liquidity and Capital Discipline
Ended Q2 with $859 million in liquidity. Q2 capital expenditures were modest at $4.6 million and full-year 2026 CapEx guidance was lowered to $27–$37 million, signaling capital discipline while continuing investment in the technology roadmap.
Progress on New Business Verticals and Defense Customer Shipment
Organized into three verticals (QS EV, QS DC, QSAS). QSAS shipped QLC5 cells to a major U.S. defense prime and QS DC/QSAS hiring and go-to-market efforts are accelerating, opening non-automotive high-value markets (AI data centers, aerospace, defense).
MX:QS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed