QuantumScape Corporation (QS) Earnings
QuantumScape Corporation is expected to report next earnings on July 22, 2026 (in NaN days), with a consensus EPS estimate of $-0.18. QS has beaten EPS estimates in 2 of its last 12 reported quarters (average surprise +1.2% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $-0.18 | $-0.16 | +11.1% | — | — |
| Feb 11, 2026 | $-0.16 | $-0.17 | -6.3% | — | — |
| Oct 22, 2025 | $-0.18 | $-0.18 | +0.0% | — | — |
| Jul 23, 2025 | $-0.20 | $-0.20 | +0.0% | $37M | — |
| Apr 23, 2025 | $-0.21 | $-0.21 | +0.0% | — | — |
| Feb 12, 2025 | $-0.21 | $-0.22 | -4.8% | — | — |
| Oct 23, 2024 | $-0.21 | $-0.23 | -9.5% | — | — |
| Jul 24, 2024 | $-0.22 | $-0.25 | -13.6% | — | — |
| Feb 14, 2024 | $-0.23 | $-0.23 | +0.0% | $74M | — |
| Oct 25, 2023 | $-0.21 | $-0.23 | -9.5% | — | — |
| Jul 26, 2023 | $-0.23 | $-0.26 | -13.0% | — | — |
| Feb 15, 2023 | $-0.27 | $-0.25 | +7.4% | — | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 22, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Eagle line: Completed installation in Q1, started startup operations, producing initial QSC5 cells, integrating AI models for improved cell quality and reliability, planning to ramp production in Q2 to support customer programs. • QoS ecosystem: Working closely with Murata and Corning on scaling ceramic separator production, recorded first customer billing from ecosystem. • New markets: AI data centers and defense sectors show interest, with technology fitting their energy storage and performance needs, and team staffing up for these markets.
Guidance
• Full year 2026 adjusted EBITDA loss guidance between $250 million and $275 million. • Full year 2026 capital guidance between $40 million and $60 million. • Q1 2026 customer billings $11 million, reiterate year-over-year increase in billings guidance.
Segment performance
No specific absolute financial performance figures provided for product segments in terms of revenue contribution %, but details on Eagle line production progress, QoS ecosystem partnerships, and new market engagements are mentioned.
Risks & headwinds
• Uncertainties posed by difficulty in predicting future outcomes. • Risks from geopolitical disruptions, energy system and supply chain risks for critical materials.
Analyst Q&A
Q: Qualitatively characterize QSE 5 production ramp into Q2.
A: Beginning ramp in Q2, continuously improving uptime, throughput, etc., to satisfy automotive and new market sample demands. •
Q: Potential investments and timeframe for new markets.
A: Most learning from automotive transfers, incremental investment for tailoring products, annual plan contemplates new markets. •
Q: License model and PowerCo role for new markets.
A: Looking at both license model and PowerCo's reserved capacity, ecosystem helps with ramp. •
Q: Progression of auto OEMs from JDA to licensing.
A: Four top 10 OEMs involved, progressing from evaluation to joint development towards licensing. •
Q: Field testing with VW and cell sizing.
A: Field testing with QSC5, working with VW on unified cell architecture design. •
Q: Drone market and technology evolution.
A: Goals to go beyond QSC5, many levers left for performance improvement. •
Q: Billings increases and JDA feedback.
A: Reiterate year-over-year billings increase guidance, top 10 OEMs' hands-on evaluation ratifies technology confidence. •
Q: New markets changing automotive timeframe.
A: Automotive remains focus, new markets are added to portfolio, resourcing sized in annual plan.