SES AI Q2 Earnings Call Highlights
MarketBeat
Wed, August 12, 2026 at 7:34 AM GMT+5:30
6 min read
- SES
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SES AI’s second-quarter revenue rose more than 40% year over year to $5.1 million, and the company reaffirmed full-year guidance of $30 million to $35 million. Gross margin improved to 22.6%, although the net loss widened to $17.8 million and adjusted EBITDA remained negative
The company expects its Korea facility’s NDAA-compliant drone-cell production to reach an annualized 1 million cells in the fourth quarter, supporting meaningful drone revenue late this year and accelerating growth in the first half of 2027. SES also signed an agreement to develop the battery pack for Doroni’s H1-X eVTOL aircraft
SES is expanding its energy-storage and AI strategy through Sol-Ark certification for UZ Energy residential batteries and the launch of Molecular Universe 3.0, which integrates materials discovery with autonomous laboratories. Management also sees potential growth in larger-scale data-center energy-storage applications
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SES AI (NYSE:SES) reported second-quarter 2026 revenue of $5.1 million, up more than 40% from $3.5 million in the prior-year quarter, while reaffirming full-year revenue guidance of $30 million to $35 million. The company said revenue during the quarter included contributions from its energy storage systems, drone battery cells, materials and Molecular Universe artificial-intelligence platform for the first time
Founder and Chief Executive Officer Qichao Hu said the company’s strategy centers on using AI to accelerate materials development while building manufacturing and supply-chain capabilities for energy-storage products. SES previously focused on electric vehicles but shifted more than a year ago toward energy storage systems, drones and unmanned applications
Margins Improve as ESS Remains Largest Business
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SES reported GAAP gross margin of 22.6% for the second quarter, compared with 18.1% in the first quarter. Chief Financial Officer Ray Liu attributed the improvement primarily to the energy storage systems, or ESS, business, including a higher mix of international sales and pricing discipline
Revenue declined sequentially from $6.7 million in the first quarter, though Liu said the company expects drone and materials revenue to increase in the second half while ESS remains more than half of total revenue. ESS represented more than 70% of first-half revenue, he said
