Amprius Technologies, Inc. Earnings Recaps
Q2 2026
Aug 7, 2026
Amprius shares rose 3.5% following a second-quarter beat driven by strong demand and new customer wins in its silicon anode battery business, notably in military and commercial drones. Market confidence was bolstered by an increased 2026 revenue forecast and expanding contract backlog.
Key takeaways
- Record Q2 revenue fueled by accelerating adoption of the second-generation SiCore silicon anode battery in drones and other applications.
- Raised 2026 revenue guidance for the second consecutive quarter, reflecting sustained market momentum.
- Defense segment growth supported by a $24 million order from a new European drone manufacturer and a $18.1 million contract extension with the Defense Innovation Unit.
- Signed a new multi-year contract with Stark Future for electric mobility products, expanding beyond drones into light electric vehicles in China.
- Pilot line equipment installation progressing on schedule, with production targeted for December 2026 to scale manufacturing capacity.
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.