SES AI (NYSE:SES) Releases Earnings Results, Beats Estimates By $0.01 EPS

SES AI (NYSE:SES) released its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01, FiscalAI reports. The company had revenue of $6.64 million for the quarter, compared to analyst estimates of $6.70 million. SES AI had a negative net margin of 289.64% and a negative return on equity of 26.21%.

Here are the key takeaways from SES AI’s conference call:

• SES completed the ramp to 1 million NDAA-compliant drone cells of annual capacity at its Korea plant, which is now producing and delivering cells. The company says it has orders from several Drone Dominance Program participants and plans to expand capacity to 3 million cells by Q2 2027.
• Management reiterated 2026 revenue guidance of $30 million to $35 million, citing seasonal strength in energy storage and expected drone deliveries. It said drone orders began arriving in October and November, though the outlook implies a substantial Q4 revenue step-up.
• Q3 gross margin fell to 4.9% from 22.6% in Q2, primarily because SES discounted older energy-storage inventory during a product transition. Management said it expects to continue clearing that inventory at lower prices, which could weigh on margins.
• SES reported Q3 revenue of $6.6 million, up 31% sequentially, and a narrower net loss of $13.4 million versus $17.9 million in Q2. It ended the quarter with approximately $137 million in liquidity and no debt, although it used $16.5 million in net cash excluding its share repurchase.
• Molecular Universe 4.0 is being evaluated by two major battery manufacturers, with SES hoping to sell its integrated M-Lab systems in coming quarters. Commercial sales remain prospective; the platform combines modeling with autonomous lab data and runs on customers’ premises.

SES AI Stock Down 34.9%

Shares of SES stock traded down $0.31 during trading hours on Thursday, reaching $0.59. 40,275,195 shares of the company’s stock were exchanged, compared to its average volume of 23,792,348. SES AI has a fifty-two week low of $0.49 and a fifty-two week high of $2.62. The stock has a market capitalization of $217.58 million, a P/E ratio of -2.93 and a beta of 0.98. The business has a fifty day moving average price of $0.70 and a 200-day moving average price of $0.98.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SES. Deutsche Bank set a $1.10 target price on shares of SES AI in a research note on Wednesday, August 12th. Weiss Ratings raised shares of SES AI from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, October 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1.10.

About SES AI

SES AI Corporation develops rechargeable lithium-metal batteries and artificial intelligence tools for battery development and management. Its work includes designing battery cells and materials intended to support applications that require high energy density, including electric vehicles and aviation. The company also develops its Molecular Universe platform, which uses AI and computational methods to identify and evaluate battery materials. SES AI applies its technology to battery discovery, cell development, safety monitoring and performance analysis.