SES AI (NYSE:SES) Announces Earnings Results, Misses Estimates By $0.02 EPS

Key Points

• SES AI reported ($0.03) EPS, missing consensus by $0.02, but delivered $6.7 million in revenue (up 47% sequential) and reaffirmed full‑year 2026 revenue guidance of $30M–$35M.
• The company had a GAAP net loss of $12.1 million, adjusted EBITDA loss of $12.8 million and used ~$20 million cash in Q1, though liquidity remains ~$178 million and management expects ~15% reduction in full‑year operating expenses.
• Commercial progress includes a ~$20 million three‑year distribution agreement to enter North America, conversion of its Chungju factory to NDAA‑compliant drone cells targeting >1 million annual units (potentially ~$25M–$35M), and multi‑year enterprise deals for its Molecular Universe platform.

SES AI (NYSE:SES - Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02), FiscalAI reports. The firm had revenue of $6.71 million during the quarter, compared to the consensus estimate of $3.65 million. SES AI had a negative net margin of 347.81% and a negative return on equity of 28.19%.

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

• Q1 revenue was $6.7 million, up 47% sequentially and above consensus, and the company reaffirmed full‑year 2026 revenue guidance of $30 million–$35 million.
• UZ Energy (ESS) drove the majority of Q1 revenue and SES signed a ~$20 million over three years distribution agreement with ATG E Power to enter North America, highlighting the on‑premise Edge Box and Molecular Universe integration as commercial differentiators.
• SES converted its Chungju, Korea factory to produce NDAA‑compliant drone cells with a planned ramp to more than 1 million annual units, has begun NDAA shipment for qualification, and has a pipeline of a few dozen customers (1M units could imply roughly $25M–$35M at current market prices).
• The Molecular Universe platform launched v2.5 (now covering lithium and sodium) and secured a multi‑year enterprise subscription from a major global battery manufacturer, while the materials pipeline advances with ~6 customers in second‑phase testing and Heisen JV capacity planned for commercial scale.
• GAAP net loss was $12.1 million (loss per share $0.04), adjusted EBITDA was a $12.8 million loss, and Q1 cash used was ~$20 million, though liquidity remains strong at ~$178 million and management expects a ~15% reduction in full‑year operating expenses with most impact by Q3.

SES AI Stock Performance

NYSE SES opened at $1.23 on Friday. SES AI has a one year low of $0.76 and a one year high of $3.73. The company has a 50-day simple moving average of $1.26 and a 200-day simple moving average of $1.87. The firm has a market capitalization of $449.11 million, a PE ratio of -5.57 and a beta of 0.85.

Insider Buying and Selling at SES AI

In related news, insider Kyle Pilkington sold 25,000 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1.20, for a total transaction of $30,000.00. Following the sale, the insider owned 780,203 shares in the company, valued at $936,243.60. This represents a 3.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SES AI

Institutional investors have recently made changes to their positions in the stock. Hudson Bay Capital Management LP bought a new position in SES AI in the 2nd quarter worth approximately $31,000. Raymond James Financial Inc. raised its stake in SES AI by 35.1% during the 3rd quarter. Raymond James Financial Inc. now owns 20,268 shares of the company's stock valued at $34,000 after acquiring an additional 5,268 shares in the last quarter. Mariner LLC boosted its position in SES AI by 89.4% during the 4th quarter. Mariner LLC now owns 21,253 shares of the company's stock worth $38,000 after acquiring an additional 10,031 shares during the period. Lido Advisors LLC acquired a new position in SES AI during the 3rd quarter worth $45,000. Finally, Barclays PLC grew its stake in shares of SES AI by 2,658,900.0% in the fourth quarter. Barclays PLC now owns 26,590 shares of the company's stock worth $48,000 after purchasing an additional 26,589 shares in the last quarter. 29.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

SES has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SES AI in a report on Monday. Wall Street Zen downgraded SES AI from a "hold" rating to a "sell" rating in a report on Saturday, January 31st. Finally, Cantor Fitzgerald reissued an "overweight" rating on shares of SES AI in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $4.00.

About SES AI

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.