SES AI Q3 revenue rises on manufacturing ramp up; loss narrows

Overview

• Battery maker's Q3 revenue rose 31% sequentially to $6.6 mln

• Adjusted loss per share narrowed to $0.03 from $0.04 in prior quarter

• Company completed ramp of South Korea drone cell line to 1 mln/year, expansion planned

Outlook

• SES AI reiterates 2026 full-year revenue guidance of $30 mln to $35 mln

• Company plans Chungju line expansion to 3 mln NDAA-compliant cells per year by end Q2 2027

• SES AI says drones and unmanned systems are central growth priority

Result Drivers

• MANUFACTURING RAMP-UP - Co completed ramp of Chungju, South Korea drone cell line to 1 mln NDAA-compliant cells per year, supporting revenue growth

• CUSTOMER PIPELINE - Co secured purchase orders from multiple participants in the Drone Dominance Program Gauntlet challenge, with more than 50 drone makers and pack integrators in the pipeline

• NEW TECHNOLOGY EVALUATION - Molecular Universe 4.0 is in evaluation with several of the world’s largest battery manufacturers

Company press release:

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the electrical components & equipment peer group is "buy"

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)