Battery developer SES AI's Q2 revenue falls more than expected

Battery developer SES AI said its second-quarter revenue declined and missed analyst expectations, while adjusted loss per share beat analyst expectations.

The company reported Q2 revenue of $5.1 million, below the consensus estimate of $5.40 million from three analysts. Adjusted loss per share was $0.04, versus the $0.05 estimate. Net loss was $17.8 million.

SES AI affirmed full-year 2026 revenue guidance of $30 million to $35 million.

The current average analyst rating on the shares is "buy", with 1 "strong buy" or "buy", 1 "hold", and no "sell" or "strong sell" ratings. The median 12-month price target is $2.70, about 407.7% above its August 10 closing price of $0.53.

SES AI said contributed in Q2 revenue.