QuantumScape

Q2 FY2026 EarningsQ2 FY26 results beat consensus on earnings but missed significantly on top-line and cash flow metrics. While Revenue was $0 (actual) vs. $2.43B (mean expected), Diluted EPS of -$0.16 beat the -$0.185 expected mean due to aggressive R&D cost containment. Net loss narrowed to $98.2M compared to $114.7M YoY, driven by reduced impairment charges and lower personnel expenses. However, net cash used in operations of -$116.3M (YTD) and a downward revision to the PowerCo funding cap from $130.7M to $75.4M signal potential liquidity pressures as the company transitions to B-sample validation.