secwatch.observer — SEC 8-K summary
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Issuer:     QuantumScape Corp (QS)
CIK:        0001811414
Form:       8-K
Filed at:   2026-10-21T20:18:34+00:00
Accession:  0001193125-26-427862
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1811414/000119312526427862/0001193125-26-427862-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1811414/000119312526427862/qs-20261021.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-427862

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