The earnings call highlighted significant advancements in collaboration and technology development, particularly with the expanded PowerCo deal and new joint development agreement with a global OEM. However, financial challenges persist with continued losses and high expected capital expenditures.

Company Guidance -

Q3 2025

During QuantumScape's Second Quarter 2025 earnings call, the company highlighted significant advancements and strategic partnerships, emphasizing their expanded collaboration with Volkswagen Group's PowerCo. This upgraded agreement involves additional payments of up to $131 million over the next two years, contingent upon achieving specific milestones, with the first set of milestones already linked to over $10 million in expected payments. The deal allows PowerCo to produce up to 85 gigawatt-hours of QuantumScape cells annually, reinforcing the value of QuantumScape's solid-state lithium metal technology in the automotive sector. Additionally, QuantumScape extended its cash runway into 2029, improving by six months from previous guidance. The call also discussed the company's new joint development agreement with another major global automotive OEM, aligning with their strategic plan to commercialize and license their technology. Financially, QuantumScape reported a GAAP net loss of $114.7 million and adjusted EBITDA loss of $63 million for Q2, with capital expenditures amounting to $8.3 million, and revised their full-year guidance for adjusted EBITDA loss to between $250 million and $270 million.

Expanded Collaboration with Volkswagen's PowerCo

QuantumScape announced an expansion of its collaboration with Volkswagen's battery maker, PowerCo, which includes additional payments of up to $131 million over the next two years to support commercialization activities. This is in addition to the previously announced $130 million due upon satisfactory technical progress.

New Joint Development Agreement

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

Cobra Process Implementation

The Cobra process, which replaced the Raptor process, has significantly improved separator production efficiency, enabling B1 sample shipments this year and enhancing productivity by more than 200 times.

Extended Cash Runway

QuantumScape extended its cash runway forecast into 2029, a six-month improvement over previous guidance, primarily due to the expanded PowerCo deal.

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)	-0.21 / -	-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.