QuantumScape (QS), maker of rechargeable batteries for electric vehicles (EVs), delivered Q1 net loss per share (EPS) of $0.16, narrower than Wall Street forecasts of a loss of $0.18, and also lower than the loss of $0.21 in the year-ago quarter. Following the release, QS stock was up over 13% in the extended trading session.
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Adjusted EBITDA loss for the quarter came in at $63.2 million, essentially flat with last year’s $64.6 million, and in line with internal expectations.
Further, the company reduced total operating expenses to $109.2 million from $123.6 million in Q1 2025, driven by lower R&D and general and administrative costs.
Customer Billings Show Engagement Momentum
QuantumScape reported $11 million in customer billings for the quarter, reflecting a mix of development work and ecosystem partner payments. The company emphasized that billings can fluctuate quarter-to-quarter depending on project phases but remain a key indicator of customer activity and future cash inflows.
The company ended the quarter with $904.7 million in liquidity, giving it substantial runway to continue scaling its technology and manufacturing capabilities.
Full‑Year Guidance Reaffirmed
Despite ongoing investment in solid‑state battery development, QuantumScape reiterated its full‑year 2026 guidance:
- Adjusted EBITDA loss: $250 million to $275 million
- Capital expenditures: $40 million to $60 million
Is QS Stock a Buy?
QuantumScape’s stock has a consensus Hold rating among Wall Street analysts, based on six Hold recommendations issued in the last three months. The average QS price target of $9.76 implies 33.42% upside from current levels. These ratings could change after the company’s financial results.
