QuantumScape Q3 net loss narrows to $84.5M; first Honda billings; Muehlbauer 100 MWh line deal

QuantumScape Corp

GAAP net loss $84.5M (-$0.14 per share vs -$0.18 a year ago); operating expenses $92.4M, down from $115.0M; Adjusted EBITDA loss $60.7M, in line with expectations.
Customer billings were $9.8M in Q3, including first billings under the June Honda agreement and first QSAS billings; liquidity was $819.8M at September 30.
Signed QS ecosystem partnership with Germany's Muehlbauer Group to supply cell assembly equipment for a planned 100 MWh line, first commercial-scale QS cell production, targeted 2028.
Reiterated FY2026 Adjusted EBITDA loss guidance of $250M-$275M and capex of $27M-$37M; Q3 capex was $4.4M.
Signed an agreement with a new, unnamed 'leading global mobility manufacturer'; next-generation platform details to be announced Nov 11 at Kyoto symposium.

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