QuantumScape (NYSE:QS – Get Free Report) released its quarterly earnings data on Wednesday. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.03, Zacks reports. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.18) earnings per share.
Here are the key takeaways from QuantumScape’s conference call:
- QuantumScape announced a planned 100 MWh mass-production line with Muehlbauer providing cell-assembly equipment, targeting startup production in 2028. The company expects equipment costs below $100 million and is pursuing customer, government, ecosystem, and licensing funding to limit dilution.
- The Eagle Line is fully operational and increasing QSE-5 cell output, supporting customer sampling and first billings from both automotive and advanced-application customers. Third-quarter customer billings totaled $9.8 million, including the first billing under the Honda agreement and the first QSAS billing.
- QuantumScape reported strong interest in its non-automotive opportunities, including the QS PowerBlock for AI data centers and QSAS applications in defense, aerospace, and telecommunications. The company says PowerBlock testing showed four times the reference power density and five times the runtime, while its cells offer improved thermal stability and a U.S.-oriented supply chain.
- Automotive commercialization continues with Honda, Volkswagen PowerCo, two other top-10 OEMs, and a new mobility-manufacturing customer, but the company is still refining statements of work and milestone-based arrangements. QuantumScape plans to provide more details on its next-generation platform and customer collaboration model at its November 11 symposium.
- QuantumScape remains significantly loss-making, with a third-quarter GAAP operating expense of $92.4 million and net loss of $84.5 million. Management reiterated a 2026 adjusted EBITDA loss forecast of $250 million to $275 million, while future funding requirements for the 100 MWh line remain unresolved despite $819.8 million in liquidity.
QuantumScape Stock Performance
Shares of QS opened at $3.98 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The stock has a 50 day moving average price of $5.07 and a two-hundred day moving average price of $6.35. The firm has a market capitalization of $2.46 billion, a P/E ratio of -4.91 and a beta of 2.83. QuantumScape has a 52 week low of $3.80 and a 52 week high of $18.56.
Trending Headlines about QuantumScape
Here are the key news stories impacting QuantumScape this week:
- Positive Sentiment: Planned 100 MWh production line: QuantumScape plans to develop a solid-state battery production line targeted to begin operating in 2028. The company is partnering with Germany’s Muehlbauer Group on production equipment and is targeting demand from AI data centers, aerospace and defense—markets that could value high-performance batteries and diversify the company beyond electric vehicles. QuantumScape Announces Plans for 100 MWh Solid-State Battery Production Line
- Positive Sentiment: Quarterly loss beat expectations: QuantumScape reported a third-quarter loss of $0.14 per share, better than the $0.17 consensus estimate and improved from a $0.18 loss in the year-earlier quarter. The earnings beat likely helped support the stock, although the company remains unprofitable. QuantumScape Third-Quarter Earnings Report
- Positive Sentiment: Early customer traction: QuantumScape recorded its first customer billings from Honda during the quarter, offering an early commercial signal for its solid-state battery technology. QuantumScape: 3 Key Takeaways for Long-Term Investors
- Neutral Sentiment: The production-line announcement is a long-term opportunity rather than near-term revenue: the targeted start is 2028, leaving substantial technology, manufacturing and execution risk.
- Negative Sentiment: QuantumScape still posted an approximately $84.5 million quarterly loss, and its shares remain below their 50-day and 200-day moving averages. Morgan Stanley also reduced its price target to $4.50, signaling continued caution about the company’s valuation and commercialization path. Morgan Stanley Cuts QuantumScape Price Target
Analysts Set New Price Targets
QS has been the topic of several research analyst reports. Morgan Stanley cut their target price on shares of QuantumScape from $8.50 to $4.50 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. Robert W. Baird reduced their price target on shares of QuantumScape from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday. Finally, TD Cowen decreased their price target on shares of QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, July 24th. Six analysts have rated the stock with a Hold rating. According to MarketBeat.com, QuantumScape presently has an average rating of “Hold” and a consensus target price of $7.80.
Check Out Our Latest Stock Analysis on QuantumScape
Insider Activity at QuantumScape
In other news, CTO Timothy Holme sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $4.54, for a total value of $204,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold 294,599 shares of company stock valued at $1,473,271 over the last three months. Corporate insiders own 3.93% of the company’s stock.
About QuantumScape
QuantumScape Corporation is a development-stage battery technology company focused on solid-state lithium-metal batteries. Its technology is designed to replace the liquid or gel electrolytes used in conventional lithium-ion batteries with a solid-state separator, with the goal of improving energy density, charging performance, safety and operating range for electric vehicles.
The company is developing prototype battery cells and related manufacturing processes for automotive applications.
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