AMPX earnings analysis
What we found in AMPX's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- Improved Net Loss
- The net loss narrowed to $5.0 million from $9.4 million year-over-year, indicating improved financial performance.
- 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.
- Strong Other Income Growth
- Other income increased by 447% to $1.6 million from $300,000, largely due to new government grant income.
- Operational Efficiency Rising
- Loss from operations improved by 31% to $6.7 million from $9.7 million, showing better cost management.
- Full-Year Revenue Guidance Increased
- Management raised the full-year revenue guidance from at least $125 million to at least $130 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Lease Termination Costs
- Incurred a $20.0 million one-time payment to terminate the lease for the Brighton facility, impacting cash flow.
- Increased Operating Cash Flow Needs
- Net cash used in operating activities surged to $37.3 million due to lease termination payments and increased inventory.
- Reliance on Contract Manufacturing,
- Potential risks associated with outsourcing manufacturing could lead to quality control issues and production delays.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.04
- Gross margin
- 20%
What they said about what is next.
Full-year revenue guidance raised to at least $130 million.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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