Amprius Technologies, Inc. Earnings Recaps
Q1 2026
May 8, 2026
Shares dropped 24.7% after Amprius’s Q1 report, driven by cautious commentary and implied deceleration despite an upward revision in full-year revenue guidance. Investors appear concerned about the implied growth sustainability and margin outlook.
Key takeaways
- Q1 revenue was $28.5 million, a 2.5x increase year-over-year and 13% higher sequentially.
- Full-year revenue guidance was raised modestly to at least $130 million, $5 million above prior forecast, but implied a reacceleration in growth that management did not explicitly confirm for the near term.
- Strong customer wins and multi-million-dollar contracts in defense and electric vehicle markets highlight ongoing adoption of silicon anode battery technology.
- Management emphasized non-GAAP adjusted EBITDA without disclosing margins or profitability trends for the quarter.
- Increased government contracts and new customer wins contrast with investor skepticism on near-term margin sustainability and growth cadence, explaining the severe stock reaction.
Q3 2025
Nov 7, 2025
Amprius Technologies reported record Q3 2025 revenue of $21.4 million, a 42% sequential increase, driven by strong demand for its innovative silicon anode batteries, particularly in the aviation sector.
Key takeaways
- Revenue surged 173% year-over-year, bolstered by over 80 new customers in Q3 alone.
- The second-generation SiCore batteries significantly contributed to revenue, with shipments more than quadrupling compared to Q3 2024.
- Approximately 75% of Q3 revenue originated from the aviation segment, primarily unmanned aerial systems (UAS).
- The company achieved positive gross margins for the second consecutive quarter, enhancing financial performance amidst industry challenges.