QuantumScape Corporation Earnings Recaps
Q1 2026
Apr 23, 2026
QuantumScape advanced its solid-state lithium-metal battery technology with full Eagle Line startup and key customer engagements, maintaining its strategic focus on automotive and new market applications amidst ongoing operational investments.
Key takeaways
- Completed installation and startup of the Eagle Line, beginning initial QSE-5 cell production with plans to scale support for automotive and other sectors in Q2.
- Progressed in automotive partnerships, including joint development with top OEMs and successful technology evaluation with a major vehicle manufacturer.
- First customer billings from ecosystem alliances with Murata and Corning highlight increasing commercialization momentum.
- Exploring high-growth markets such as AI data centers and defense sector applications, leveraging safety, energy density, and supply chain advantages of the battery design.
- Q1 operating expenses totaled $109.2M with an EBITDA loss of $63.2M; full-year EBITDA loss guidance remains between $250M–$275M.
Q3 2025
Oct 24, 2025
QuantumScape Corporation achieved significant milestones in Q3 2025, showcasing its next-generation battery technology through a collaboration with Volkswagen while delivering a steady financial performance aligned with operational efficiency.
Key takeaways
- Launched the Ducati V21L as part of a collaboration with Volkswagen, showcasing the capabilities of next-generation battery technology.
- Achieved customer billings of $12.8 million in Q3, bolstered by invoicing VW PowerCo under a recent agreement.
- Revised full-year guidance for adjusted EBITDA loss to $245 million - $260 million, maintaining operational efficiency despite a GAAP net loss of $105.8 million.
- Strengthened the balance sheet with $263.5 million raised through an equity program, extending cash runway through the end of the decade.
- Continued expansion of commercial engagements and partnerships, including a new agreement with Corning for ceramic separator manufacturing.