QuantumScape (NYSE:QS) Shares Gap Up Following Strong Earnings

Shares of QuantumScape Corporation (NYSE:QS) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $3.98, but opened at $4.31. QuantumScape shares last traded at $3.9850, with a volume of 7,678,408 shares changing hands.

The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.03. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.18) EPS.

More QuantumScape News

Here are the key news stories impacting QuantumScape this week:

• Positive Sentiment: QuantumScape reported a third-quarter loss of $0.14 per share, narrower than analysts’ expected $0.17 loss. The company also reported its first customer billings from Honda during the quarter. QuantumScape Reports Third Quarter 2026 Business and Financial Results
• Positive Sentiment: The company announced plans for a 100-megawatt-hour solid-state battery production line, with production targeted to begin in 2028. The facility is intended to serve demand from AI data centers, aerospace and defense, expanding QuantumScape’s potential markets beyond electric vehicles. QuantumScape Announces Plans for 100 MWh Solid-State Battery Production Line
• Positive Sentiment: QuantumScape partnered with Germany’s Muehlbauer Group to develop the production line, providing investors with a more concrete manufacturing roadmap for its solid-state lithium-metal battery technology. QuantumScape Targets 2028 Start of Production
• Neutral Sentiment: Robert W. Baird lowered its QuantumScape price target from $8 to $6 and maintained a neutral rating. The revised target still implies substantial upside from the stock’s recent $3.98 level, but the reduction signals continued caution about execution and commercialization timing. QuantumScape Price Target Update
• Negative Sentiment: QuantumScape still recorded an approximately $84.5 million quarterly loss and has not established meaningful recurring revenue. The planned production launch is several years away, leaving investors exposed to execution, funding and scale-up risks. Why Is QuantumScape Stock Surging Despite a Quarterly Loss?

Analysts Set New Price Targets

A number of analysts recently commented on QS shares. TD Cowen reduced their price objective on QuantumScape from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, July 24th. Morgan Stanley dropped their target price on QuantumScape from $8.50 to $4.50 and set an “equal weight” rating on the stock in a research report on Thursday, October 15th. Finally, Robert W. Baird cut their price target on QuantumScape from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday. Six research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, QuantumScape currently has an average rating of “Hold” and an average target price of $7.80.

Insider Activity

In related news, CTO Timothy Holme sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $5.09, for a total transaction of $381,750.00. Following the completion of the transaction, the chief technology officer directly owned 1,583,075 shares in the company, valued at approximately $8,057,851.75. The trade was a 4.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 294,599 shares of company stock worth $1,473,271. Insiders own 3.93% of the company’s stock.

Institutional Investors Weigh In On QuantumScape

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in QuantumScape by 134.6% during the first quarter. Dimensional Fund Advisors LP now owns 5,735,035 shares of the company’s stock valued at $36,570,000 after purchasing an additional 3,290,942 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of QuantumScape in the second quarter worth $9,619,000. AXQ Capital LP increased its stake in shares of QuantumScape by 313.2% in the second quarter. AXQ Capital LP now owns 463,653 shares of the company’s stock worth $3,505,000 after purchasing an additional 351,451 shares in the last quarter. California State Teachers Retirement System raised its position in shares of QuantumScape by 23.3% during the 1st quarter. California State Teachers Retirement System now owns 491,725 shares of the company’s stock valued at $3,137,000 after purchasing an additional 93,079 shares during the period. Finally, Hsbc Holdings PLC raised its position in shares of QuantumScape by 145.7% during the 4th quarter. Hsbc Holdings PLC now owns 249,036 shares of the company’s stock valued at $2,606,000 after purchasing an additional 147,697 shares during the period. Institutional investors own 29.87% of the company’s stock.

QuantumScape Stock Up 1.1%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.14 and a current ratio of 21.14. The company’s 50-day moving average price is $5.07 and its 200 day moving average price is $6.35. The stock has a market capitalization of $2.49 billion, a P/E ratio of -4.97 and a beta of 2.83.

QuantumScape Company Profile

QuantumScape Corporation is a development-stage battery technology company focused on solid-state lithium-metal batteries. Its technology is designed to replace the liquid or gel electrolytes used in conventional lithium-ion batteries with a solid-state separator, with the goal of improving energy density, charging performance, safety and operating range for electric vehicles.

The company is developing prototype battery cells and related manufacturing processes for automotive applications.