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

SES AI (NYSE:SES) announced its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01, FiscalAI reports. SES AI had a negative return on equity of 26.21% and a negative net margin of 289.64%. The business had revenue of $6.64 million during the quarter, compared to the consensus estimate of $6.70 million.

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 Up 1.7%

Shares of SES stock traded up $0.01 during mid-day trading on Friday, reaching $0.59. 10,581,302 shares of the stock traded hands, compared to its average volume of 13,851,250. The company has a market cap of $218.32 million, a price-to-earnings ratio of -2.95 and a beta of 0.98. The stock’s fifty day simple moving average is $0.70 and its two-hundred day simple moving average is $0.98. SES AI has a 1-year low of $0.49 and a 1-year high of $2.62.

SES AI News Summary

Investors following SES have been watching these news items:

• Positive Sentiment: SES AI reported a third-quarter loss of $0.03 per share, narrower than analysts’ expected $0.04 loss and the $0.06 loss a year earlier. Zacks Q3 results
• Neutral Sentiment: Management forecast 2026 revenue of $30 million to $35 million, a range that includes and has a midpoint slightly above the $31.9 million analyst consensus. SES AI Q3 results and guidance
• Negative Sentiment: Quarterly revenue was $6.64 million, just below analysts’ $6.70 million estimate. SES AI also remained unprofitable, leaving investors focused on whether it can grow revenue and narrow losses. MarketScreener earnings results

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Deutsche Bank set a $1.10 target price on shares of SES AI in a report on Wednesday, August 12th. Weiss Ratings upgraded 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, SES AI currently has an average rating of “Hold” and an average price target of $1.10.

SES AI Company Profile

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.