SES AI (NYSE:SES) Issues Earnings Results, Misses Estimates By $0.02 EPS

SES AI (NYSE:SES) announced its quarterly earnings results on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02), FiscalAI reports. SES AI had a negative net margin of 347.81% and a negative return on equity of 28.19%. The company had revenue of $6.71 million during the quarter, compared to analyst estimates of $3.65 million.

Here are the key takeaways from SES AI’s conference call:

• Q1 revenue was $6.7 million, up 47% sequentially and above consensus, and the company reaffirmed full‑year 2026 revenue guidance of $30 million–$35 million.
• UZ Energy (ESS) drove the majority of Q1 revenue and SES signed a ~$20 million over three years distribution agreement with ATG E Power to enter North America, highlighting the on‑premise Edge Box and Molecular Universe integration as commercial differentiators.
• SES converted its Chungju, Korea factory to produce NDAA‑compliant drone cells with a planned ramp to more than 1 million annual units, has begun NDAA shipment for qualification, and has a pipeline of a few dozen customers (1M units could imply roughly $25M–$35M at current market prices).
• The Molecular Universe platform launched v2.5 (now covering lithium and sodium) and secured a multi‑year enterprise subscription from a major global battery manufacturer, while the materials pipeline advances with ~6 customers in second‑phase testing and Heisen JV capacity planned for commercial scale.
• GAAP net loss was $12.1 million (loss per share $0.04), adjusted EBITDA was a $12.8 million loss, and Q1 cash used was ~$20 million, though liquidity remains strong at ~$178 million and management expects a ~15% reduction in full‑year operating expenses with most impact by Q3.

SES AI Price Performance

SES AI stock opened at $1.32 on Friday. The company has a market cap of $485.40 million, a PE ratio of -6.02 and a beta of 0.85. The stock’s 50 day moving average price is $1.26 and its 200 day moving average price is $1.87. SES AI has a 1-year low of $0.76 and a 1-year high of $3.73.

Insider Transactions at SES AI

In other SES AI news, insider Kyle Pilkington sold 25,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1.20, for a total value of $30,000.00. Following the completion of the transaction, the insider directly owned 780,203 shares in the company, valued at $936,243.60. This trade represents a 3.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 13.80% of the company’s stock.

Institutional Trading of SES AI

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. lifted its stake in shares of SES AI by 35.1% in the 3rd quarter. Raymond James Financial Inc. now owns 20,268 shares of the company’s stock valued at $34,000 after purchasing an additional 5,268 shares during the last quarter. Mariner LLC raised its holdings in SES AI by 89.4% during the fourth quarter. Mariner LLC now owns 21,253 shares of the company’s stock valued at $38,000 after buying an additional 10,031 shares in the last quarter. Bank of Montreal Can lifted its position in shares of SES AI by 56.1% in the fourth quarter. Bank of Montreal Can now owns 57,893 shares of the company’s stock worth $104,000 after buying an additional 20,807 shares during the last quarter. LPL Financial LLC boosted its stake in shares of SES AI by 82.9% during the 4th quarter. LPL Financial LLC now owns 48,207 shares of the company’s stock worth $87,000 after acquiring an additional 21,847 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of SES AI by 2,658,900.0% during the 4th quarter. Barclays PLC now owns 26,590 shares of the company’s stock worth $48,000 after acquiring an additional 26,589 shares in the last quarter. 29.78% of the stock is currently owned by institutional investors and hedge funds.

More SES AI News

Here are the key news stories impacting SES AI this week:

• Positive Sentiment: Company reaffirmed FY‑2026 revenue guidance of $30M–$35M and announced a new ~$20M North America ESS distribution arrangement, which supports near‑term revenue visibility and market expansion. SES AI reaffirms revenue outlook and adds ESS distribution
• Positive Sentiment: Q1 top line beat — revenue of $6.7M (+15.9% YoY) exceeded consensus (~$3.7M), demonstrating demand traction for SES’s Li‑metal/Li‑ion products. That topline surprise was a key driver of the intraday stock lift. SES AI Q1 2026 financial results
• Neutral Sentiment: Management change: Yi (Ray) Liu, CFA, CPA, will replace Jing Nealis as CFO effective April 27 — a leadership transition investors will watch but which is not an immediate operational change. SES AI CFO transition announcement
• Negative Sentiment: Profitability and cash concerns: EPS missed (reported -$0.03 vs. -$0.01 est) and gross profit collapsed as cost of sales surged; operating and net losses widened and operating cash flow was deeply negative, leaving cash (~$46.9M) below total liabilities (~$50.3M). Those fundamentals are weighing on sentiment despite the revenue beat. SES AI Q1 earnings and financial detail
• Negative Sentiment: Insider selling and margin pressure: recent insider sales and a sharp year‑over‑year decline in gross profitability increase scrutiny on execution and capital durability as the company scales distribution. Insider trading and margin commentary

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SES AI in a research note on Monday. Cantor Fitzgerald reissued an “overweight” rating on shares of SES AI in a research report on Thursday, March 5th. Finally, Wall Street Zen cut SES AI from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.00.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.