SES AI Q3 revenue rises on manufacturing ramp up; loss narrows
SES•SES AI's Q3 revenue rose 31% sequentially to $6.6 million, while adjusted loss per share narrowed to $0.03 from $0.04 in the prior quarter. The company reiterated 2026 revenue guidance of $30 million to $35 million.
1. Quarterly results
SES AI reported Q3 revenue of $6.6 million, up 31% sequentially and below the $7.7 million consensus estimate. Adjusted loss per share narrowed to $0.03 from $0.04 in the prior quarter, beating the $0.05 consensus estimate.
2. Production and outlook
The company completed the ramp of its Chungju, South Korea, drone cell line to annual capacity of 1 million NDAA-compliant cells. SES AI plans to expand the line to 3 million cells per year by the end of Q2 2027 and reiterated full-year 2026 revenue guidance of $30 million to $35 million.
3. Customer pipeline
SES AI said it secured purchase orders from multiple participants in the Drone Dominance Program Gauntlet challenge, with more than 50 drone makers and pack integrators in its pipeline. It described drones and unmanned systems as a central growth priority. Molecular Universe 4.0 is being evaluated by several of the world's largest battery manufacturers.
