QuantumScape Q2 2026 Earnings Call Transcript

On Wednesday, QuantumScape (NYSE: QS ) discussed second-quarter financial results during its earnings call. The full transcript is provided below. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation.

The full earnings call is available at Summary QuantumScape announced a partnership with Honda to advance its solid-state lithium-metal battery technology, highlighting an expansion into high-value markets. The company is establishing three business verticals: QS EV for electric vehicles, QSDC for AI data centers, and QSAS for aerospace and defense applications. Operational progress includes significant advancements in the Eagle Line, their automated pilot production line, with plans to double cell output in the second half of 2026. 2 million for Q2 2026, maintaining full year guidance for adjusted EBITDA loss.

8 million, and the company ended Q2 with $859 million in liquidity. The company is actively working with partners like Volkswagen PowerCo and exploring non-automotive markets, emphasizing the safety and scalability of their technology. Management highlighted key goals such as advancing automotive commercialization and entering new high-value markets, with a focus on maintaining capital discipline. Full Transcript OPERATOR Thank you for standing by and welcome to QuantumScape's second quarter 2026 earnings conference call.

At this time all participants are in listen-only mode. After the speaker's presentation, there will be a Question and Answer session. To ask a question during the session, you'll need to press star 11 on your telephone. If your question has been answered and you'd like to remove yourself from the queue, simply press star 11 again.

As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Seyeb Kumar, QuantumScape's Senior Director, Investor Relations. You may begin, sir. Seyeb Kumar, Senior Director, Investor Relations Thank you, operator.

Good afternoon and thank you to everyone for joining QuantumScape's second quarter 2026 earnings call. com to view our shareholder letter. Before we begin, I want to call your attention to the safe harbor provision for forward-looking statements that is posted on our website as part of our quarterly update. Forward-looking statements generally relate to future events, future technology progress or future financial operating performance.

Our expectations and beliefs regarding these matters may not materialize. Actual results and financial periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. There are risk factors that may cause actual results to differ materially from the content of our forward-looking statements for the reasons that we cite in our shareholder letter, Form 10-K and other SEC filings, including uncertainties posed by the difficulty in predicting future outcomes. Joining us today will be QuantumScape CEO Dr.

Siva Sivaram and our CFO Kevin Hettrich. With that, I'd like to turn the call over to Siva. Siva Sivaram, President & CEO Thank you, Seyeb. I'd like to start by discussing our automotive commercialization progress.

This quarter we announced a partnership with Honda. This is a multi-year agreement aimed at advancing our solid-state lithium-metal battery technology for automotive and other applications in the Honda product portfolio. Honda is renowned for their engineering excellence and product quality and has made significant investments in scaling up solid-state battery manufacturing capabilities. This partnership results from one of the most rigorous assessments of our technology to date.

Our ceramic separator and anode-free lithium-metal architecture enables QS to provide solutions to unlock the full potential of solid-state batteries. With Honda's diverse product portfolio, this collaboration allows us an additional pathway to expand into new high-value markets. We recently updated our ongoing collaboration and licensing arrangement with Volkswagen PowerCo with a set of milestones and payments focused on automotive cell development, larger-format cells and our future technology roadmap. We are also working with two other top-10 automotive OEM customers under existing joint development agreements.

We continue to strengthen our relationships with automakers in North America, Europe and Japan, and on this front we have shipped cells to an additional automotive OEM customer. We also see broad-based interest in our technology across a variety of applications beyond electric vehicles, including AI data centers and other advanced applications such as aerospace and defense. We believe that all these end markets can be served by our fundamental technology stack, but each customer can benefit from an individually tailored go-to-market approach.

In order to serve our diverse and growing customer base, we are establishing three business verticals: QS EV for electric vehicles, QSDC for AI data centers and QSAS for advanced solutions for applications including aerospace and defense. QS EV is working with auto OEMs around the world including Volkswagen and Honda. QSDC is engaged with ODMs to design solutions based on QSC5 technology for the fast-moving AI data center market, and QSAS has shipped QSC5 cells to a major American defense prime and is engaged with global players across the aerospace and defense industries.

Next, an update on the Eagle Line, our highly automated pilot cell production line in San Jose, California. The Eagle Line serves several purposes. Greater cell volumes allow us t