SES AI Corp (NYSE:SES)

Q1 2026 SES AI Corp Earnings Call Transcript

Apr 23, 2026 / 09:00 PM GMT

Release Date Price: $1.22 (-3.94%)

Transcript 10-K/A10-Q8-K

Key Points

Positve

SES AI Corp (SES) reported a strong start to 2026 with first-quarter revenue of $6.7 million, marking a 47% increase over the previous quarter.
The company reaffirmed its full-year 2026 revenue guidance of $30 million to $35 million, indicating confidence in its growth trajectory.
SES AI Corp (SES) has entered the North American market through a multi-year distribution agreement with ATG E-Power, valued at approximately $20 million over three years.
The company has completed the conversion of its manufacturing line in South Korea to produce drone-format power cells, positioning it well in the U.S. Defense drone market.
SES AI Corp (SES) introduced version 2.5 of its Molecular Universe platform, which has been validated by a major global battery manufacturer committing to a multi-year subscription.

Negative

The company's GAAP net loss for the first quarter was $12.1 million, reflecting ongoing financial challenges.
Operating expenses increased to $19.1 million in Q1 2026 from $18.2 million in Q4 2025, indicating rising costs.
The revenue growth was partly due to $1.5 million of revenue pushed from Q4 2025 to Q1 2026, which may not reflect sustainable growth.
The drone cell business is still in the qualification phase, with revenue contributions expected to pick up later in the year.
The company is undergoing a CFO transition, which could introduce uncertainties in financial management and strategy execution.

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

SES.N - SES AI Corp
Q1 2026 SES AI Corp Earnings Call
Apr 23, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, and thank you for standing by. My name is Tiffany, and I will be your conference operator today.

At this time, I would like to welcome everyone to the SES/AI First Quarter 2026 Earnings Call.

All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session.

If you would like to ask a question during that time, simply press *, then the number one on your telephone keypad.

I would now like to turn the call over to Kyle Pilkington, Chief Legal Officer. Kyle, please go ahead.

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Unidentified_2 [2]
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