10-K · March 6, 2026
Amprius positions itself as a pioneer in silicon-anode lithium-ion batteries focused on aviation (UAS/HAPS/eVTOL) and select electric mobility markets, commercializing SiCore (launched Jan 2024) while continuing SiMaxx…
Earnings analysis · 10-Q
AMPX earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Amprius Technologies reported strong revenue growth in Q1 2026, achieving $28.5 million, a 153% increase from $11.3 million in the same quarter last year. The net loss improved significantly to $5.0 million compared to…
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Amprius Technologies reported strong revenue growth in Q1 2026, achieving $28.5 million, a 153% increase from $11.3 million in the same quarter last year. The net loss improved significantly to $5.0 million compared to $9.4 million in Q1 2025, driven by higher sales of SiCore batteries and reduced operating losses.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.04
- Gross margin
- 20%
What stood out
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Revenue Growth of 153%
Revenue soared to $28.5 million in Q1 2026, up from $11.3 million in Q1 2025. This growth was primarily driven by increased sales of SiCore batteries.
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Improved Net Loss
The net loss narrowed to $5.0 million from $9.4 million year-over-year, indicating improved financial performance.
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Gross Margin Improvement
Gross profit reached $5.7 million with a gross margin of 20%, a significant turnaround from the negative margin of 21% in the prior year.
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Strong Other Income Growth
Other income increased by 447% to $1.6 million from $300,000, largely due to new government grant income.
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Operational Efficiency Rising
Loss from operations improved by 31% to $6.7 million from $9.7 million, showing better cost management.
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Full-Year Revenue Guidance Increased
Management raised the full-year revenue guidance from at least $125 million to at least $130 million.
What to watch
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Lease Termination Costs
Incurred a $20.0 million one-time payment to terminate the lease for the Brighton facility, impacting cash flow.
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Increased Operating Cash Flow Needs
Net cash used in operating activities surged to $37.3 million due to lease termination payments and increased inventory.
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Reliance on Contract Manufacturing,
Potential risks associated with outsourcing manufacturing could lead to quality control issues and production delays.
Management's outlook
Full-year revenue guidance raised to at least $130 million.
Earlier filings 4
10-Q · August 7, 2025
Amprius reported Q2 revenue of $15,067,000, beating estimates and up sharply from $3,345,000 a year ago and $11,284,000 last quarter. Gross profit turned positive at $1,340,000 (8.9% margin) and GAAP diluted EPS…
10-Q · August 11, 2023
Amprius reported Q2 revenue of $1,632,000, up from $679,000 in the prior quarter and $691,000 in Q2 2022, while EPS was a loss of $0.11 matching consensus. Gross margin remained deeply negative at -185.8% and operating…
10-Q · May 11, 2023
Amprius reported revenue of $679,000 for the quarter ended March 31, 2023, down from $2,110,000 in the prior-year quarter, driven by the absence of customized design services ($0 vs $1,505,000). Net loss widened to…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.