The earnings call highlighted significant achievements, including an expanded agreement with PowerCo, an extended cash runway, and new joint development agreements. Challenges remain in scaling production and managing operating expenses, but the positive aspects significantly outweigh the negatives.

Company Guidance

During QuantumScape's Second Quarter 2025 Earnings Call, the company provided several key metrics and updates on its guidance. QuantumScape announced an expanded collaboration with Volkswagen Group's battery maker, PowerCo, which will contribute up to $131 million over the next two years. This expansion allows PowerCo to produce up to an additional 5 gigawatt-hours of QS cells annually, bringing the total to 85 gigawatt-hours. QuantumScape's cash runway has been extended into 2029, a 6-month improvement over previous guidance. Capital expenditures for Q2 were $8.3 million, with full-year CapEx expected to be between $45 million and $65 million. GAAP operating expenses and net loss for Q2 were $123.6 million and $114.7 million, respectively. Adjusted EBITDA loss was $63 million, aligning with expectations. The company also entered into a joint development agreement with another major automotive OEM, indicating increased market traction and commercial validation. QuantumScape's Cobra process, a significant innovation in ceramics processing, has been implemented, promising increased efficiency and productivity for B1 sample shipments.

Expanded Agreement with Volkswagen Group's PowerCo

QuantumScape announced an upgraded collaboration and licensing agreement with Volkswagen Group's PowerCo, with additional payments of up to $131 million over the next 2 years. The agreement includes milestones, with the first linked to payments of more than $10 million already achieved.

Extension of Cash Runway

Following the expanded PowerCo deal, QuantumScape has extended its cash runway forecast into 2029, a 6-month improvement over previous guidance.

Joint Development Agreement with a Major Global Automotive OEM

QuantumScape entered into a joint development agreement with another major global automotive OEM, strengthening its collaboration beyond initial sampling agreements.

Ceramic Separator Technology Advancement

The Cobra process has replaced the Raptor as the baseline separated production process, significantly improving efficiency and productivity, enabling B1 sample shipments this year.

QuantumScape (QS) Earnings, Revenues Date & History

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QS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	-0.20 / -	-0.23	―	―	―
Jul 23, 2025	2025 (Q2)	-0.21 / -0.20	-0.25	20.00% (+0.05)	―
Apr 23, 2025	2025 (Q1)	-0.21 / -0.21	-0.24	12.50% (+0.03)	―
Feb 12, 2025	2024 (Q4)	-0.24 / -0.22	-0.23	4.35% (+0.01)
Oct 23, 2024	2024 (Q3)	-0.23 / -0.23	-0.23	0.00% (0.00)	―
Jul 24, 2024	2024 (Q2)	-0.23 / -0.25	-0.26	3.85% (+0.01)	―
Apr 24, 2024	2024 (Q1)	-0.22 / -0.24	-0.24	0.00% (0.00)	―
Feb 14, 2024	2023 (Q4)	-0.19 / -0.23	-0.25	8.00% (+0.02)	―
Oct 25, 2023	2023 (Q3)	-0.19 / -0.23	-0.27	14.81% (+0.04)	―
Jul 26, 2023	2023 (Q2)	-0.20 / -0.26	-0.22	-18.18% (-0.04)	―

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

QS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$12.83	$12.63	-1.56%
Apr 23, 2025	$3.98	$3.96	-0.50%
Feb 12, 2025	$4.83	$5.17	+7.04%
Oct 23, 2024	$5.18	$6.50	+25.48%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.