SES AI (NYSE:SES) Posts Earnings Results, Meets Estimates

SES AI (NYSE:SES) issued its earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04), FiscalAI reports. The firm had revenue of $5.07 million for the quarter, compared to analysts’ expectations of $5.60 million. SES AI had a negative return on equity of 28.65% and a negative net margin of 331.72%.

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

• Q2 revenue increased more than 40% year over year to $5.1 million, with contributions from ESS, drone cells, materials and Molecular Universe; management reaffirmed 2026 revenue guidance of $30 million–$35 million.
• Gross margin improved to 22.6% from 18.1% in Q1, driven by higher-margin international ESS sales, pricing discipline and lower cell costs from broader sourcing enabled by Edge Box technology.
• Drone demand appears strong, with the Korea facility expected to reach 1 million NDAA-compliant cells annually in September; the company says its current pipeline exceeds that capacity and could support orders into 2028, prompting evaluation of additional capacity.
• SES highlighted commercial expansion opportunities through Sol-Ark certification for residential ESS, potential data-center solutions, and Molecular Universe deployments; materials discovered through the platform have entered pilot commercialization, while several battery companies are evaluating its software and autonomous-lab offerings.
• Despite improved margins and a 26% year-over-year reduction in operating expenses, the company posted a $17.8 million GAAP net loss and a $13.1 million non-GAAP loss, with the non-GAAP loss widening sequentially because of lower revenue and a legacy-contract bad-debt provision.

SES AI Price Performance

Shares of NYSE SES opened at $0.54 on Wednesday. SES AI has a 1 year low of $0.49 and a 1 year high of $3.73. The firm has a 50-day simple moving average of $0.82 and a two-hundred day simple moving average of $1.17. The company has a market cap of $199.07 million, a P/E ratio of -2.47 and a beta of 1.01.

Key Headlines Impacting SES AI

Here are the key news stories impacting SES AI this week:

• Positive Sentiment: SES AI reaffirmed its 2026 revenue guidance of $30 million to $35 million, broadly consistent with the current analyst expectation of approximately $32.7 million. Management also said it is targeting production of up to 1 million NDAA-compliant cells annually beginning in the fourth quarter, supporting its strategy to expand in the U.S. energy-storage market. SES AI reaffirms 2026 revenue guidance
• Positive Sentiment: UZ Energy, an SES AI company, became a Sol-Ark-certified battery partner and appointed US Energy Distributors as its U.S. master distributor. The certification could broaden distribution and sales opportunities for SES AI’s battery products, although the announcement did not provide financial terms or near-term revenue estimates. SES AI’s UZ Energy becomes Sol-Ark certified battery partner
• Positive Sentiment: The company appointed an energy-storage expert and former Generac executive to its board, potentially strengthening SES AI’s execution and commercial strategy in the energy-storage-system market. SES AI adds expert director to bolster ESS strategy
• Negative Sentiment: Second-quarter revenue was $5.07 million, below the $5.60 million consensus estimate. SES AI reported a loss of $0.04 per share, in line with the consensus estimate, but losses remain significant, with a reported net margin of approximately negative 331.7%. SES AI reports second-quarter 2026 financial results
• Negative Sentiment: The reaffirmed revenue range leaves limited room for upside relative to expectations, while SES AI remains unprofitable and trades near its 52-week low and below its 50-day and 200-day moving averages. This keeps investor focus on whether production expansion and new distribution partnerships can generate material revenue growth.

Insider Activity at SES AI

In other news, insider Kyle Pilkington sold 25,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1.20, for a total value of $30,000.00. Following the sale, the insider directly owned 1,023,548 shares in the company, valued at approximately $1,228,257.60. This represents a 2.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 13.80% of the company’s stock.

Hedge Funds Weigh In On SES AI

A number of large investors have recently bought and sold shares of SES. Wells Fargo & Company MN lifted its holdings in SES AI by 2,895.0% during the 4th quarter. Wells Fargo & Company MN now owns 29,950 shares of the company’s stock valued at $54,000 after buying an additional 28,950 shares in the last quarter. LPL Financial LLC boosted its position in SES AI by 82.9% in the 4th quarter. LPL Financial LLC now owns 48,207 shares of the company’s stock valued at $87,000 after buying an additional 21,847 shares during the period. Daiwa Securities Group Inc. bought a new position in SES AI in the 4th quarter worth about $58,000. Bank of America Corp DE grew its stake in SES AI by 1,815.7% in the 3rd quarter. Bank of America Corp DE now owns 55,997 shares of the company’s stock worth $94,000 after acquiring an additional 53,074 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new position in shares of SES AI during the third quarter worth approximately $91,000. Hedge funds and other institutional investors own 29.78% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SES. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $1.40 price target on shares of SES AI in a report on Monday, April 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of SES AI in a report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of SES AI from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SES AI has an average rating of “Hold” and an average price target of $2.70.

SES AI Company Profile

SES AI Corporation engages in the development and production of high-performance Lithium-metal rechargeable batteries for electric vehicles, electric vehicle take-off and landing, and other applications. The company was founded in 2012 and is headquartered in Woburn, Massachusetts.