QuantumScape (NYSE:QS) Releases Earnings Results, Beats Expectations By $0.03 EPS

QuantumScape (NYSE:QS) posted its quarterly earnings data on Wednesday. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.03, Zacks reports. During the same quarter in the prior year, the business posted ($0.18) EPS. QuantumScape’s revenue was up .0% compared to the same quarter last year.

Here are the key takeaways from QuantumScape’s conference call:

• QuantumScape announced a planned 100 MWh mass-production line with Muehlbauer providing cell-assembly equipment, targeting startup production in 2028. The company expects equipment costs below $100 million and is pursuing customer, government, ecosystem, and licensing funding to limit dilution.
• The Eagle Line is fully operational and increasing QSE-5 cell output, supporting customer sampling and first billings from both automotive and advanced-application customers. Third-quarter customer billings totaled $9.8 million, including the first billing under the Honda agreement and the first QSAS billing.
• QuantumScape reported strong interest in its non-automotive opportunities, including the QS PowerBlock for AI data centers and QSAS applications in defense, aerospace, and telecommunications. The company says PowerBlock testing showed four times the reference power density and five times the runtime, while its cells offer improved thermal stability and a U.S.-oriented supply chain.
• Automotive commercialization continues with Honda, Volkswagen PowerCo, two other top-10 OEMs, and a new mobility-manufacturing customer, but the company is still refining statements of work and milestone-based arrangements. QuantumScape plans to provide more details on its next-generation platform and customer collaboration model at its November 11 symposium.
• QuantumScape remains significantly loss-making, with a third-quarter GAAP operating expense of $92.4 million and net loss of $84.5 million. Management reiterated a 2026 adjusted EBITDA loss forecast of $250 million to $275 million, while future funding requirements for the 100 MWh line remain unresolved despite $819.8 million in liquidity.

QuantumScape Stock Down 2.7%

Shares of QuantumScape stock opened at $4.04 on Friday. The company has a market cap of $2.50 billion, a price-to-earnings ratio of -5.02 and a beta of 2.83. The company has a quick ratio of 21.14, a current ratio of 21.14 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $5.03 and its 200 day moving average is $6.33. QuantumScape has a twelve month low of $3.80 and a twelve month high of $18.56.

Insider Buying and Selling

In other news, CTO Timothy Holme sold 45,000 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $4.54, for a total transaction of $204,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 294,599 shares of company stock worth $1,473,271 in the last three months. 3.93% of the stock is currently owned by corporate insiders.

More QuantumScape News

Here are the key news stories impacting QuantumScape this week:

• Positive Sentiment: QuantumScape reported a third-quarter loss of $0.14 per share, narrower than the $0.17 consensus estimate and improved from a $0.18 loss in the prior-year period. The smaller-than-expected loss helped drive the initial increase in QS shares. QuantumScape Reports Third Quarter 2026 Business and Financial Results
• Positive Sentiment: The company announced plans for a 100-megawatt-hour solid-state battery production line, targeted to begin production in 2028. The facility is intended to serve AI data centers, aerospace and defense markets, representing a potential transition from prototype development toward commercial-scale manufacturing. QuantumScape Announces Plans for 100 MWh Solid-State Battery Production Line
• Positive Sentiment: QuantumScape is partnering with Muehlbauer Group to provide manufacturing automation equipment for the planned line. Management also said AI data-center customers are seeking batteries in volume, while the company recorded its first customer billings from Honda during the quarter. QuantumScape: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: The 100 MWh project is a significant commercial milestone, but it remains a future plan. Investors will likely look for firm customer commitments, financing details, manufacturing progress and evidence that demand can support the facility’s capacity. Can QuantumScape Turn Its 100 MWh Battery Plan Into Real Demand?
• Negative Sentiment: Despite the improved quarterly result, QuantumScape still posted an $84.5 million loss and has not demonstrated substantial recurring revenue. The company’s long-term manufacturing and commercialization requirements remain considerable.
• Negative Sentiment: Analysts have become more cautious: Robert W. Baird lowered its price target from $8 to $6 and kept a neutral rating, while Morgan Stanley cut its target to $4.50. These reductions may limit enthusiasm around the production announcement. Robert W. Baird Analyst Ratings
• Negative Sentiment: QS has fallen sharply over the longer term and trades below its 50-day and 200-day moving averages, indicating ongoing technical weakness and skepticism about the pace of commercialization.

Analyst Ratings Changes

Several research firms recently weighed in on QS. Morgan Stanley cut their price target on QuantumScape from $8.50 to $4.50 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. TD Cowen dropped their target price on QuantumScape from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, July 24th. Finally, Robert W. Baird cut their target price on QuantumScape from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday. Five investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.36.

QuantumScape Company Profile

QuantumScape Corporation is a development-stage battery technology company focused on solid-state lithium-metal batteries. Its technology is designed to replace the liquid or gel electrolytes used in conventional lithium-ion batteries with a solid-state separator, with the goal of improving energy density, charging performance, safety and operating range for electric vehicles.

The company is developing prototype battery cells and related manufacturing processes for automotive applications.