The battery technology firm reported Q2 revenue growth of over 40% year-over-year and reaffirmed its 2026 revenue target.
SES AI reported Q2 2026 revenue growth exceeding 40% compared to the same period last year, driven by commercial milestones. Gross margin improved to over 22%, up from 18% previously.
The company reaffirmed its 2026 revenue guidance of $30M to $35M. SES AI also announced plans to produce 1M NDAA-compliant cells annually starting in Q4, aligning with its expansion strategy.
Management highlighted progress in scaling production and securing partnerships, though no immediate market reaction was disclosed.