Q2 2026 Quantumscape Corp Earnings Call Transcript
Key Points
- QuantumScape Corp (QS) announced a multi-year partnership with Honda to advance solid-state lithium metal battery technology, marking a significant step in automotive commercialization.
- The company has updated its collaboration with Volkswagen PowerCo, focusing on automotive cell development and larger format cells, indicating progress in their technology roadmap.
- QuantumScape Corp (QS) is establishing three business verticals—QSEV for electric vehicles, QSDC for AI data centers, and QSAS for advanced solutions, diversifying its market reach.
- The Eagle Line, a highly automated pilot cell production line, is showing significant operational progress with core tools achieving over 90% uptime, enhancing production scalability.
- QuantumScape Corp (QS) reported customer billings of $21.8 million through Q2 2026, exceeding fiscal year 2025 billings, demonstrating strong customer engagement and demand.
- QuantumScape Corp (QS) reported a GAAP net loss of $98.2 million in Q2, highlighting ongoing financial challenges.
- The adjusted EBITDA loss for Q2 was $64.2 million, indicating continued operational expenses and investment needs.
- The updated agreement with Volkswagen PowerCo reduced potential payments from $131 million to $75 million, reflecting a decrease in expected financial inflows.
- Capital expenditures guidance for 2026 was lowered to between $27 million and $37 million, suggesting a need for capital discipline and cost savings.
- The company faces challenges in scaling up production and meeting customer demand, as demonstrated by the complex integration and ramp-up of the Eagle Line.
Thank you for standing by. Welcome to QuantumScape's second quarter 2026 earnings conference call. (Operator Instructions) As a reminder, today's program is being recorded.
And now Iâd like to introduce your host for todayâs program, Sam Kamath, QuantumScapeâs Senior Director, Investor Relations. You may begin, sir.
Thank you, operator. Good afternoon, and thank you to everyone for joining QuantumScapeâs second quarter 2026 earnings call. To supplement todayâs 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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