QuantumScape Beats Q1 Estimates, Posts $11M Billings and Maintains $250–275M EBITDA Loss Guidance
QuantumScape reported a first-quarter loss of $0.16 per share versus consensus $0.18 and achieved $11 million in customer billings. The company maintained 2026 adjusted EBITDA loss guidance of $250–275 million and capex guidance of $40–60 million while completing a technology evaluation with a Top-10 global automotive OEM.
1. First-Quarter Performance
QuantumScape reported a first-quarter loss of $0.16 per share versus a consensus $0.18 estimate and recorded $11 million in customer billings, marking a beat on analyst expectations.
2. Full-Year Financial Guidance
Management reaffirmed 2026 adjusted EBITDA loss guidance of $250–275 million and capital expenditure guidance of $40–60 million, indicating no change to its full-year outlook.
3. Customer Technology Evaluation
The company completed its solid-state battery technology evaluation with an additional Top-10 global automotive OEM, advancing potential product qualification and future commercial engagement.
4. Stock Market Reaction
Shares rose 10.56% in after-hours trading to $8.08, reflecting investor optimism following the earnings beat and positive customer development.