Amprius Technologies Inc (NYSE:AMPX)

Q2 2026 Amprius Technologies Inc Earnings Call Transcript

Aug 5, 2026 / 12:30 PM GMT

Release Date Price: $11.72 (+8.42%)

Transcript 8-K

Key Points

Positve

Record Q2 2026 revenue of $34 million, up 19% sequentially and 2.3 times year-over-year, marking the sixth consecutive quarter of growth.
Raised full-year 2026 revenue guidance to at least $140 million and gross margin guidance to at least 28%, reflecting strong demand and improved cost management.
Secured a $24 million order from a new European drone manufacturer and a three-year contract with Stark Future expected to generate at least $100 million through 2029.
Gross margin improved significantly to 27% in Q2, up from 20% in Q1 and 9% in the same quarter last year, with adjusted EBITDA nearing breakeven on a trailing twelve-month basis.
Expanded NDAA-compliant manufacturing capacity through new South Korean partners (JR Energy, Top Material) and U.S. partner Nanotech Energy, positioning for full domestic compliance by 2027.
Ended the quarter with $74.5 million in cash and no debt, with operations generating cash before working capital movements for the first time.

Negative

GAAP net loss of $5.1 million in Q2, though narrower year-over-year, still reflects ongoing unprofitability.
Accounts receivable grew to $40.7 million, a significant increase that could strain working capital if collection slows.
Dependence on a few large customers and regions, with EMEA accounting for 68% of Q2 revenue, creating concentration risk.
Operating expenses rose to $13.6 million in Q2, up $5.4 million year-over-year, with further increases expected in Q3.
The company faces potential margin pressure from the transition to full NDAA compliance, which may introduce higher costs and lumpiness in financial results.
Revenue visibility beyond Q4 2026 remains limited, with management noting a 'grainy' outlook for 2027.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AMPX.N - Amprius Technologies Inc
Q2 2026 Amprius Technologies Inc Earnings Call
Aug 05, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. Welcome to the Amprius Technologies second quarter 2026 earnings conference call. Joining us for today's presentation are the company's CEO, Tom Stepien and CFO, Ricardo Rodriguez. At this time, all participants are in listen-only mode. Following management's remarks, we will open the call for questions. Please note that this presentation contains forward-looking statements, including but not limited to statements regarding the company's financial and business performance, business strategy, future product development or commercialization, new customer adoption and new applications, the company's growth and the growth of the markets in which it operates, and the timing and ability of Amperius to expand its

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