QuantumScape Corporation, along with its affiliated entities, specializes in the advancement and market launch of innovative solid-state lithium-metal batteries. These cutting-edge power ...
QuantumScape Corporation, headquartered in San Jose, California, specializes in the development and commercialization of solid-state lithium-metal batteries. Founded in 2010 by Jagdeep Singh, Tim Holme, and Fritz Prinz, the company went public in 2020 via a SPAC merger. Its technology is designed to offer higher energy density, faster charging, and ...QuantumScape Corporation, headquartered in San Jose, California, specializes in the development and commercialization of solid-state lithium-metal batteries. Founded in 2010 by Jagdeep Singh, Tim Holme, and Fritz Prinz, the company went public in 2020 via a SPAC merger. Its technology is designed to offer higher energy density, faster charging, and improved safety compared to conventional lithium-ion batteries, targeting the electric vehicle market as well as stationary energy storage. QuantumScape's product lineup includes solid-state battery cells that are intended to be integrated into EVs and energy storage systems. The company has established strategic partnerships, such as a multi-year agreement with Fluence Energy to introduce solid-state technology to stationary storage. Financially, QuantumScape is pre-revenue, with significant R&D expenditures and net losses, but maintains a strong balance sheet with ample cash and no debt. The company's market capitalization is around $3.7 billion, reflecting investor confidence in its long-term potential. Under the leadership of CEO Dr. Siva Sivaram, who previously held executive roles at Western Digital, QuantumScape aims to scale production and achieve cost reductions. With a team of about 850 employees, the company continues to advance its technology and pursue commercial partnerships to establish itself as a key player in the next-generation battery industry.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
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Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-435.1M
+9.0%
+2.5%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
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Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
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Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
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Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-278.8M
+17.2%
+11.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
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Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
6.1%
-24.8%
+2.7%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
15.95x
+12.2%
-12.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator : Thank you for standing by, and welcome to Quantum's Cape's Second Quarter 2026 Earnings Conference Call. As a reminder, today's program is being recorded. And now I'd like to introduce your host for today's program, Sam Kamara, Onebscape's Senior Director, Investor Relations. You may begin, sir.
Sam Kamara : Thank you, operator. Good afternoon, and thank you to everyone for joining QuantumScape's Second Quarter 2026 Earnings Call. To supplement today's discussion, please go to our Investor Relations website at IR Danske. -- to you, 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 or 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 factors that may cause actual results to differ materially from the content of our forward-looking statements for the reason that we said in our shareholder letter, both 10-K and other SEC filings, including uncertainties posed by the difficulty in predicting future outcomes. Joining us today will be Quantums Gate's CEO, Dr. Siva Sivaram, and our CFO, Kevin Edrick. With that, I'd like to turn the call over to Simba.
Siva Sivaram : Thank you, sir. I'd like to start by discussing our automotive commercialization progress. This quarter, we announced a partnership with Honda. This is a multiyear 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 1 of the most rigorous assessments of our technology to date. Our ceramic separator and the anode free lithium metal architecture enables QS to provide solutions to unlock the full potential of solid gain 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 and Powerco. With a set of milestones and payments focused on automotive sales development large format cells and our future technology road map. We are also working with 2 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 sales to an additional automotive OEM customer. We also see broad-based interest in our technology across a …