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SES AI Reports Second Quarter 2026 Financial Results
Reports second quarter revenue of $5.1 million
Improved second quarter gross margin to 22.3%
UZ Energy named certified battery partner by Sol-Ark, a top U.S. inverter producer
Paul Diemer, ex-CTO of Flex Power, Added to Board of Directors
Maintained strong liquidity position with approximately $163 million
Affirmed full year 2026 revenue guidance of $30 million to $35 million
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Reported $5.1 million revenue in the second quarter 2026, compared to $6.7 million in the first quarter 2026
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GAAP net loss in the second quarter 2026 of $17.8 million, or $0.05 loss per share, compared to a GAAP net loss of $12.1 million, or $0.04 loss per share in the first quarter 2026
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Non-GAAP net loss in the second quarter 2026 of $13.1 million, or $0.04 loss per share, compared to a non-GAAP loss of $11.1 million, or $0.03 loss per share in the first quarter 2026
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Gross margin improved to 22.3% in the second quarter 2026, from 18.1% in the first quarter 2026
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Materials contributed $1.2 million in revenue in the second quarter 2026
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Molecular Universe’s “Search in a Box” generated revenue from a multi-year subscription commitment with a major global battery manufacturer
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Sol-Ark’s certification of UZ Energy opens a large and established residential energy storage ecosystem and creates an immediate path to compete for U.S. battery sales
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Affirmed previously issued full year 2026 revenue guidance in a range of $30 million to $35 million
WOBURN, Mass., August 11, 2026–(BUSINESS WIRE)–SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced its business results for the second quarter ended June 30, 2026 and affirmed its previously issued financial guidance for the year ending December 31, 2026.
The Company posted a Letter to Our Shareholders on its Investor Relations website, which provides a business update, details on its second quarter 2026 results, and its guidance for 2026.
Dr. Qichao Hu, Founder and CEO of SES AI, noted, “SES is solving two of the most difficult challenges in energy storage – accelerating product development using AI4Materials and building a robust supply chain to manufacture these products. In the second quarter, we began seeing significant commercial milestones, and we are very excited about the path we are on. For ESS, this is our largest revenue generating unit. We are making great progress especially in the US market, we were selected by Sol-Ark as a certified battery partner, and we brought on Paul Diemer, ex-CTO of Flex Power, to our board to help guide our ESS strategy. We continue to hire a stellar team with backgrounds in leading AI data center total solutions providers to execute on and deliver our exciting ESS growth.”
