Q2 FY2026 EarningsQ2 FY2026 results missed consensus on the top line but demonstrated margin resilience: revenue of $5.1M fell short of the $5.4M expected, while GAAP gross margin of 22.6% significantly beat the 14.1% consensus. GAAP EPS of -$0.05 was slightly below the -$0.048 mean estimate, primarily due to a non-cash change in the fair value of earn-out liabilities and a bad-debt provision. Management reaffirmed FY2026 revenue guidance of $30M–$35M, implying a significant H2 acceleration driven by drone cell production and ESS expansion.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: SES AI(SES) the Revenue is 5.072 M (+43.8%), Miss estimate;the EBIT is -19.2 M (+16.56%), Beat estimate;the EPS is -0.05 (+28.57%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueMiss expectations
0.01B43.80%
0.01B52.84%
-0.00B9.04%
EBITExceed expectations
-0.02B16.56%
-0.02B16.17%
+0.00B0.39%
EPSMiss expectations
-0.0528.57%
-0.047831.77%
-0.00223.20%
Revenue
ActualEstimateUnit: USD
qf
EBIT
ActualEstimateUnit: USD
qf
Net income
ActualEstimateUnit: USD
qf
EPS
ActualEstimateUnit: USD
qf