Battery maker Amprius Q2 revenue more than doubles, beats estimates on drone, e-mobility demand
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Outlook
Amprius raises 2026 revenue outlook to at least $140 mln, up from at least $130 mln
Company lifts 2026 gross margin guidance to at least 28%, from at least 25%
Amprius reiterates 2026 targets for net loss below $10 mln and adjusted EBITDA of at least $4 mln
Overview
US battery maker's Q2 revenue more than doubled yr/yr, beating analyst expectations
Company's net loss narrowed 20% yr/yr, aided by improved gross margin and higher sales
Amprius raised 2026 revenue outlook to at least $140 mln
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Amprius Technologies Inc is $23.00, about 127.3% above its August 3 closing price of $10.12
Result drivers and key details
DRONE AND E-MOBILITY DEMAND - Co said strong demand across drone and e-mobility markets drove revenue growth
