Quarterly ResultMay 6, 2026, 04:20 PM
Amprius Technologies Q1 Revenue Up 2.5x to $28.5M; Raises 2026 Outlook
AI Summary
Amprius Technologies reported strong financial results for the first quarter of 2026, with revenue surging 2.5x year-over-year to $28.5 million and net loss improving by 46% to $5.0 million. The company also raised its full-year 2026 revenue outlook to at least $130.0 million, while reiterating targets for net loss below $8.0 million and positive non-GAAP Adjusted EBITDA of at least $4.0 million. Key business highlights included a $21.0 million purchase order from a new light electric vehicle customer in China and approximately $500 million in new orders from U.S. defense customers.
Key Highlights
- Q1 2026 revenue increased 2.5x year-over-year to $28.5 million.
- Q1 2026 net loss improved 46% year-over-year to $5.0 million.
- Q1 2026 GAAP gross margin was 20%, up from (21%) in Q1 2025.
- Updated 2026 revenue outlook to at least $130.0 million, raised from $125.0 million.
- Reiterated 2026 net loss target below $8.0 million and Adjusted EBITDA of at least $4.0 million.
- Secured a $21.0 million purchase order for SiCore cells from a new light electric vehicle customer in China.
- U.S. defense customers awarded approximately $500 million in new orders across multiple branches.
- Added $3.3 million to the existing contract with the Defense Innovation Unit, totaling $18.1 million.