SES AI Q1 revenue $6.7M (+47% QoQ) above consensus; gross margin 18.1%; new $20M ESS deal; appoints CFO

SES AI Corp

2026-Q1 EPS reported -$0.04 revenue$6,711,000

Q1 revenue $6.7M (+47% QoQ, above consensus); GAAP net loss $12.1M ($0.04/sh), improved from Q4 loss $17.0M.
GAAP gross margin 18.1% vs 11.3% Q4; non-GAAP 18.3% vs 11.7% on higher-mix ESS, drone, and MU subscription revenue.
Signed $20M multiyear distribution agreement with ATG EPower for North American ESS; Chungju drone line converted to 1M cell capacity.
Molecular Universe v2.5 launched; major global battery maker committed to multiyear Search in a Box subscription; six customers in phase-2 testing.
Reaffirmed FY2026 revenue guidance $30-35M; CFO Jing Nealis departs April 27; Ray Liu (CFA, CPA) appointed CFO.

item 2.02 item 5.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SES AI Corp reported the fiscal quarter ended March 31, 2026 results: revenue $6.7 million. Guidance reaffirmed.

Period: the fiscal quarter ended March 31, 2026
Revenue: $6.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

in such filing. --- EX-99.1 (EX-99.1) --- 1 Letter to Our Shareholders Q1 2026 Dear Shareholders, We are off to a strong start in 2026. First quarter revenue reached $6.7 million, a 47% increase over the fourth quarter of 2025 and above published consensus estimates. We are also reaffirming our full year 2026 revenue guidance of $30 million to $35

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Source: SEC EDGAR

accession 0001819142-26-000019

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