Amprius Technologies (AMPX) Q2 2026 earnings summary

Executive summary

• Q2 2026 revenue reached $34.0 million, up 126% year-over-year and 19% sequentially, marking the sixth consecutive quarter of sequential growth and driven by strong demand in drone, defense, and e-mobility markets.

• Gross margin improved to 27% from 9% a year ago, reflecting operational leverage and higher sales volumes.

• Net loss narrowed to $5.1 million, or $0.04 per share, with adjusted net loss at $3.2 million excluding a $1.9 million non-cash warrant charge.

• Expanded manufacturing capacity above 2.0 GWh through partnerships in South Korea, China, and the U.S., supporting growth in defense, commercial, and e-mobility sectors.

• Strategic focus on capital-efficient contract manufacturing, with the termination of the Brighton, Colorado facility lease and expansion of the Fremont, CA pilot line.

Financial highlights

• Q2 2026 revenue: $34.0 million (up 126% year-over-year, 19% sequentially); H1 2026 revenue: $62.6 million (up 137% year-over-year).

• Gross profit: $9.3 million for Q2 2026 (up from $1.3 million); gross margin: 27%.

• Net loss: $5.1 million for Q2 2026 (improved from $6.4 million); adjusted net loss: $3.2 million; adjusted EBITDA: -$1.0 million.

• Cash and cash equivalents at June 30, 2026: $74.5 million; no debt.

• Working capital: $113.2 million; stockholders' equity: $125.6 million.

Outlook and guidance

• 2026 revenue guidance raised to at least $140 million, gross margin at least 28%, and adjusted EBITDA over $4 million.

• Net loss expected to be $10 million or less for the year, with a loss per share of $0.08 or less.

• CAPEX expected to remain under $10 million, focused on DIU-backed investments and Fremont pilot line expansion.

• Cash on hand expected to fund obligations for at least the next twelve months; additional funding may be sought as needed.

• Long-term targets: $600 million contracted capacity, gross margins above 30%, and adjusted EBITDA margins of at least 20% by decade's end.