Q1 2026 Quantumscape Corp Earnings Call Transcript
Key Points
- QuantumScape Corp (QS) completed the installation and commenced start-up operations of the Eagle Line, their highly automated pilot production line for solid-state lithium metal battery technology.
- The company has integrated advanced AI models into the Eagle Line, resulting in substantive progress on cell quality and reliability.
- QuantumScape Corp (QS) has strong customer traction, working closely with major automotive OEMs, including Volkswagen, and has shipped cells to an automotive JDA partner for testing.
- The company recorded its first customer billings from its ecosystem partners, indicating investment and commitment from partners in their technology platform.
- QuantumScape Corp (QS) is exploring new markets such as AI data centers and defense, where their solid-state battery technology offers compelling advantages in energy density and safety.
- QuantumScape Corp (QS) reported a GAAP net loss of $100.8 million in Q1 2026.
- The company anticipates an adjusted EBITDA loss of between $250 million and $275 million for the full year 2026.
- Customer billings may vary from quarter to quarter due to fluctuations in activity, which could impact financial predictability.
- The transition to new markets such as AI data centers and defense may require additional investments and resources.
- QuantumScape Corp (QS) faces risks and uncertainties that could cause actual results to differ materially from forward-looking statements, as highlighted in their SEC filings.
Good day and welcome to QuantumScape's first quarter 2026 earnings conference call.
(Operator Instructions)
As a reminder, today's program is being recorded.
And now I'd like to introduce your host for today's program, Sam Kamara, QuantumScape's Senior Director, Investor Relations. Please go ahead, sir.
Thank you, operator.
Good afternoon, and thank you to everyone for joining QuantumScape's first quarter 2026 earnings call.
To supplement today's discussion, please go to our Investor Relations website at ir.quantumscape.com to view our shareholder letter.
Before we begin, I want to call your attention to the Safe Harbor provision for forward-looking statements that is posted on our website as part of our quarterly update.
Forward-looking statements generally relate to future events, future technology progress, or future financial or operating performance. Our expectations and beliefs regarding these matters may not materialize
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