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Amprius Technologies Inc
(NYSE:AMPX)
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Rating:49Neutral
Price Target:
$10.00
▼(-46.44% Downside)
Action:Reiterated
Date:07/17/26
The score is held down primarily by ongoing losses and significant cash burn despite improving margins and revenue growth. Technical indicators also reflect bearish momentum (price below major moving averages and negative MACD). Offsetting these, the latest earnings call was constructive with raised revenue guidance and improving EBITDA outlook, but execution and cash-consumption risks remain central.
Positive Factors
Strong Revenue Growth & Raised Guidance
Sustained top-line acceleration and an upward guidance revision signal durable commercial traction and expanding customer adoption. A larger revenue base helps absorb fixed costs, supports margin expansion over time, and increases visibility for multi‑quarter planning and capacity investments.
Negative Factors
High Cash Burn & Negative Free Cash Flow
Persistent negative operating and free cash flow constrains financial flexibility and extends reliance on external financing or equity issuance. Continued burn could force dilution or capital‑raising at inopportune times, limiting the firm's ability to fund scale or absorb shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth & Raised Guidance
Sustained top-line acceleration and an upward guidance revision signal durable commercial traction and expanding customer adoption. A larger revenue base helps absorb fixed costs, supports margin expansion over time, and increases visibility for multi‑quarter planning and capacity investments.
Read all positive factors
Amprius Technologies Inc (AMPX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.44B
Dividend YieldN/A
Average Volume (3M)6.93M
Price to Earnings (P/E)―
Beta (1Y)2.21
Revenue Growth172.57%
EPS Growth25.87%
CountryUS
Employees109
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.30
Shares Outstanding141,627,170
10 Day Avg. Volume6,631,745
30 Day Avg. Volume6,926,791
Financial Highlights & Ratios
PEG Ratio1.01
Price to Book (P/B)9.47
Price to Sales (P/S)13.47
P/FCF Ratio-27.68
Enterprise Value/Market Cap1.44
Enterprise Value/Revenue22.92
Enterprise Value/Gross Profit126.40
Enterprise Value/Ebitda-58.25
Forecast
1Y Price Target
$24.50Price Target Upside31.23% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)-0.07
Revenue Forecast (FY)$132.09M
Amprius Technologies Inc Business Overview & Revenue Model
Company Description
Amprius Technologies, Inc. is a company primarily focused on the development, production, and supply of advanced lithium-ion battery solutions. Their innovative product line notably includes cutting-edge silicon nanowire anode lithium-ion batterie...
How the Company Makes Money
Amprius makes money primarily by selling lithium-ion battery cells and related battery solutions that incorporate its silicon-anode technology. Revenue is generated from commercial shipments (product sales) to customers who integrate these cells i...
Amprius Technologies Inc Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 05, 2026
Earnings Call Sentiment Positive
The call conveyed a strongly positive commercial momentum story — very high revenue growth (Q1 +153% YoY), a raised 2026 revenue target, meaningful defense and commercial customer awards, DIU funding increases, and technical/manufacturing validation — while acknowledging near-term margin pressure and a sizable but managed cash draw tied to working capital, a Colorado lease settlement and legacy product wind-down. Management provided visibility on guidance (revenue, adjusted EBITDA, net loss limits), capital structure actions to reduce future dilution, and a path to recover gross margins as manufacturing capacity and logistics improve. Overall the highlights (strong growth, customer wins, contract expansions and strategic balance-sheet moves) materially outweigh the temporary lowlights (margin step-back, Q1 operating loss and cash consumption).Positive Updates
Strong Revenue Growth and Raised Guidance
Q1 revenue of $28.5M, up 153% year-over-year and 13% sequentially; company raised 2026 revenue guidance to at least $130M (up $5M from prior forecast).
Negative Updates
Gross Margin Step-Back and Mix Pressure
Q1 gross margin was 20% (Q4 was 24%); excluding one month of Colorado costs gross margin would have been ~22%; temporary margin drag driven by SiMaxx-related overhead (~$3M of overhead against only $0.618M of SiMaxx revenue) and one month of Colorado costs.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Revenue Growth and Raised Guidance
Q1 revenue of $28.5M, up 153% year-over-year and 13% sequentially; company raised 2026 revenue guidance to at least $130M (up $5M from prior forecast).
Read all positive updates
Company Guidance
Amprius raised 2026 revenue guidance to at least $130.0 million (up $5.0M from prior) after Q1 results of $28.5M (153% YoY, +13% sequential), and expects a reacceleration in the June quarter; Q1 gross profit was $5.7M (20% GM; ~22% ex-Colorado) and management is targeting ~25% full‑year gross margin; Q1 adjusted EBITDA was negative $1.8M but 2026 adjusted EBITDA is guided to be at least $4.0M, with a net‑loss ceiling of no more than $8.0M (less than $0.06 per share) assuming ~136.9M shares (Q1 GAAP net loss was $5.0M, -$0.04/share); cash was $62.4M (no debt), down from $90.5M after $37.3M cash use (including $11.5M AR increase with ~$6.5M collected and ~$20M Colorado lease settlement), liabilities fell ~$29.8M and shareholders’ equity was $109.4M; Q1 OpEx totaled $12.4M (R&D $3.8M, SG&A $8.6M) with full‑year OpEx expected to top out near $50M, and 2026 CapEx is expected to remain under $10M, largely funded by the DIU; product mix was 97% SiCore and regional mix was ~58% EMEA / 21% North America / 21% APAC.Amprius Technologies Inc Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
62
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 90.26M | 73.01M | 24.17M | 8.79M | 4.41M | 2.77M |
| Gross Profit | 16.36M | 8.26M | -18.33M | -14.94M | -5.44M | -4.33M |
| EBITDA | -35.52M | -39.66M | -39.62M | -34.97M | -15.24M | -8.46M |
| Net Income | -39.70M | -44.02M | -44.67M | -36.78M | -17.33M | -9.90M |
Balance Sheet | ||||||
| Total Assets | 130.78M | 156.89M | 121.13M | 107.74M | 83.17M | 18.53M |
| Cash, Cash Equivalents and Short-Term Investments | 62.35M | 90.47M | 55.16M | 45.76M | 69.70M | 11.49M |
| Total Debt | 6.56M | 39.87M | 37.76M | 35.57M | 3.02M | 0.00 |
| Total Liabilities | 21.37M | 53.08M | 51.65M | 47.94M | 10.14M | 4.67M |
| Stockholders Equity | 109.41M | 103.81M | 69.47M | 59.80M | 73.03M | 13.86M |
Cash Flow | ||||||
| Free Cash Flow | -58.75M | -35.53M | -36.56M | -43.10M | -15.36M | -8.63M |
| Operating Cash Flow | -54.28M | -31.13M | -33.35M | -25.55M | -13.88M | -8.02M |
| Investing Cash Flow | -4.11M | -4.40M | -3.21M | -17.55M | -1.48M | -609.00K |
| Financing Cash Flow | 71.12M | 71.04M | 47.15M | 19.17M | 73.63M | 20.11M |
Amprius Technologies Inc Technical Analysis
Negative
18.67
Price Trends
15.57
Negative
16.65
Negative
13.94
Negative
Market Momentum
-1.62
Positive
31.70
Neutral
17.12
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMPX, the sentiment is Negative. The current price of 18.67 is above the 20-day moving average (MA) of 12.24, above the 50-day MA of 15.57, and above the 200-day MA of 13.94, indicating a bearish trend. The MACD of -1.62 indicates Positive momentum. The RSI at 31.70 is Neutral, neither overbought nor oversold. The STOCH value of 17.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AMPX.
Amprius Technologies Inc Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $7.17B | 24.53 | 15.60% | 0.67% | 3.70% | -14.17% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | $300.54M | -6.72 | -10.76% | ― | -10.44% | 67.16% | |
49 Neutral | $1.44B | -33.47 | -40.40% | ― | 172.57% | 25.87% | |
49 Neutral | $1.03B | -5.57 | -67.92% | ― | 49.88% | 27.54% | |
48 Neutral | $3.03B | -1.50 | -139.28% | ― | 15.19% | 42.87% | |
47 Neutral | $1.46B | -0.93 | 41.50% | ― | 725.76% | 20.97% |
* Industrials Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.