QuantumScape 8-K
PositiveEarningsGuidance reaffirmed
QS PowerBlock launches for AI data centers; Muehlbauer to support planned 100-MWh line targeting production in 2028
Filed 2026-10-21 16:18 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results and business update. QuantumScape reported progress toward scaling its solid-state battery platform and developing automotive, AI data center, and defense, aerospace and advanced-technology markets. It launched the QS PowerBlock, an in-rack energy-storage design for AI data centers, and signed Muehlbauer Group to support a planned 100-MWh production line targeted to start production in 2028.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Loss from operations | $(92.4)M, loss narrowed 19.6% Y/Y | $(308)M, loss narrowed 15.0% Y/Y |
| Net loss | $(84.5)M, loss narrowed 20.2% Y/Y | $(284)M, loss narrowed 15.4% Y/Y |
| Adjusted EBITDA loss, non-GAAP | $(60.7)M, loss narrowed 1.2% Y/Y | $(188)M, loss narrowed 0.4% Y/Y |
| Diluted EPS | $(0.14), vs $(0.18) | $(0.46), vs $(0.59) |
| Operating cash flow | $(55.1)M, cash use down 13.6% Y/Y | $(171)M, cash use down 8.1% Y/Y |
| Customer billings | $9.8M | — |
- Lower research and development and general and administrative expenses contributed to the narrower operating loss; research and development expense was $73.9M for Q3, down from $92.1M a year earlier.
- Q3 customer billings included automotive and non-automotive activity, development work, ecosystem-partner payments and cell shipments. The company defines billings as invoices issued in the period, regardless of accounting treatment, and cautions that they can vary with engagement activity.
- Q3 capital expenditures were $4.4M, primarily for the technology roadmap and facilities. The company ended the quarter with $819.8M in liquidity.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Adjusted EBITDA loss, non-GAAP | FY2026 | $250M-$275M | — | Reaffirmed |
| Capital expenditures | FY2026 | $27M-$37M | — | Reaffirmed |
Guidance changes, derived from earlier filings
| Metric | Period | Earlier guidance | Guidance now | Change |
|---|---|---|---|---|
| Adjusted EBITDA loss, non-GAAP | FY2026 | $250M-$275M | $250M-$275M | reaffirmed |
| Capital expenditures | FY2026 | $27M-$37M | $27M-$37M | reaffirmed |
Investor Takeaways
- Watch whether AI data center interest converts into customer use and billings as QuantumScape integrates the PowerBlock with rack-level power electronics and battery management systems; testing showed 4x the power density and 5x the runtime of the Open Compute Project conventional lithium-ion reference specification.
- The planned 100-MWh line’s targeted 2028 start of production will test whether Eagle Line processes can scale toward mass production and ultimately gigawatt-hour output.
- Watch the November 11 technology-roadmap and automotive-collaboration update, and whether customer activity expands: QuantumScape recorded its first Honda billings and signed an agreement with a new global mobility customer.
The summary is written by an AI model reading the filing.
Model 005 · prompt v111 · 2026-10-27 20:04:01Z