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

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

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

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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.)