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Amprius Technologies Q3 revenue jumps on strong demand, raises 2026 outlook

By Reuters News


Overview

  • U.S. silicon battery maker's Q3 revenue rose 83% yr/yr to record $39.1 mln

  • Gross margin improved to 27% from 15% a year ago

  • Company raised 2026 revenue outlook to $145 mln


Outlook

  • Company raises 2026 revenue outlook to $145 mln from at least $140 mln

  • Company expects 2026 gross margin of at least 28%

  • Company forecasts 2026 net loss of less than $10 mln


Result Drivers

  • CUSTOMER DEMAND - Co attributed revenue growth to increased demand from drone, aviation, defense and advanced mobility markets

  • U.S. MARKET GROWTH - U.S. revenues more than doubled quarter-over-quarter, contributing to overall revenue increase

  • NEW PRODUCTS AND CONTRACTS - Launch of SiCore 500 battery and new U.S. production contract supported business expansion


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Loss

$3.50 mln

Q3 Gross Margin

27.00%


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "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 $22.00, about 131.1% above its November 9 closing price of $9.52

  • The stock recently traded at 269 times the next 12-month earnings vs. a P/E of 988 three months ago


Reuters Recommended Reads

  • Nov 9 - Archer Aviation Q3 net loss widens on higher operating expenses

  • Nov 10 - Germany's Infineon Q4 revenue rises sequentially

  • Nov 9 - Plug Power Q3 revenue slightly beats estimates on margin improvement, lower operating costs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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