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Solid Power Q3 revenue misses expectations, narrows 2026 cash investment guidance

By Reuters News


Overview

  • US solid-state battery developer's Q3 revenue missed analyst expectations

  • Q3 net loss was $24.4 mln, or $0.11 per share

  • Company lowered 2026 cash investment guidance to $75-85 mln


Outlook

  • Solid Power lowers 2026 cash investment guidance to $75 mln-$85 mln from $85 mln-$100 mln


Result Drivers

  • ELECTROLYTE PRODUCTION - Co introduced materials into its MOBIUS continuous electrolyte production line, with full commissioning expected by year-end

  • CUSTOMER ENGAGEMENTS - Co provided electrolyte material to key customers including Samsung SDI and SK On in the quarter

  • OPERATING EXPENSES - Q3 operating expenses rose due to strategic consulting fees supporting commercial readiness objectives


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$243,000

$1.59 mln (3 Analysts)

Q3 Loss Per Share

$0.11

Q3 Net Loss Attributable to Common Stockholders

$24.35 mln

Q3 Operating Income

-$29.84 mln

Q3 Pretax Loss

$24.24 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

  • Wall Street's median 12-month price target for Solid Power, Inc. is $6.88, about 249% above its November 2 closing price of $1.97


Reuters Recommended Reads

  • Nov 2 - Ichor Q3 revenue rises 37%, slightly misses estimates

  • Nov 2 - Advanced Energy Q3 revenue beats on record semiconductor and data center computing sales

  • Nov 2 - Lattice Semiconductor Q3 revenue more than doubles on AI-driven FPGA demand, AMI acquisition


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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