SES AI (NYSE:SES) Posts Quarterly Earnings Results, Meets Estimates

SES AI (NYSE:SES) issued its quarterly earnings results on Tuesday. The company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04), FiscalAI reports. The company had revenue of $5.07 million during the quarter, compared to the consensus estimate of $5.60 million. SES AI had a negative net margin of 289.64% and a negative return on equity of 25.35%.

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

• Q2 revenue increased more than 40% year over year to $5.1 million, with contributions from ESS, drone cells, materials and Molecular Universe; management reaffirmed 2026 revenue guidance of $30 million–$35 million.
• Gross margin improved to 22.6% from 18.1% in Q1, driven by higher-margin international ESS sales, pricing discipline and lower cell costs from broader sourcing enabled by Edge Box technology.
• Drone demand appears strong, with the Korea facility expected to reach 1 million NDAA-compliant cells annually in September; the company says its current pipeline exceeds that capacity and could support orders into 2028, prompting evaluation of additional capacity.
• SES highlighted commercial expansion opportunities through Sol-Ark certification for residential ESS, potential data-center solutions, and Molecular Universe deployments; materials discovered through the platform have entered pilot commercialization, while several battery companies are evaluating its software and autonomous-lab offerings.
• Despite improved margins and a 26% year-over-year reduction in operating expenses, the company posted a $17.8 million GAAP net loss and a $13.1 million non-GAAP loss, with the non-GAAP loss widening sequentially because of lower revenue and a legacy-contract bad-debt provision.

SES AI Stock Performance

Shares of SES opened at $0.59 on Thursday. SES AI has a 52 week low of $0.49 and a 52 week high of $3.73. The stock has a market capitalization of $216.67 million, a price-to-earnings ratio of -2.95 and a beta of 1.01. The stock has a fifty day moving average of $0.80 and a 200-day moving average of $1.15.

Insider Transactions at SES AI

In other SES AI news, insider Kyle Pilkington sold 25,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1.20, for a total value of $30,000.00. Following the completion of the transaction, the insider directly owned 1,023,548 shares in the company, valued at approximately $1,228,257.60. This trade represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 13.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SES. Raymond James Financial Inc. boosted its position in SES AI by 35.1% during the 3rd quarter. Raymond James Financial Inc. now owns 20,268 shares of the company’s stock worth $34,000 after buying an additional 5,268 shares during the period. Mariner LLC lifted its holdings in shares of SES AI by 89.4% during the fourth quarter. Mariner LLC now owns 21,253 shares of the company’s stock worth $38,000 after purchasing an additional 10,031 shares during the period. 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 during the last quarter. Lido Advisors LLC acquired a new stake in SES AI in the third quarter valued at $45,000. Finally, Wells Fargo & Company MN raised its position in SES AI by 2,895.0% during the 4th quarter. Wells Fargo & Company MN now owns 29,950 shares of the company’s stock worth $54,000 after purchasing an additional 28,950 shares during the last quarter. Institutional investors and hedge funds own 29.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SES shares. Deutsche Bank Aktiengesellschaft set a $1.10 target price on SES AI in a report on Wednesday. Wall Street Zen raised SES AI from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Weiss Ratings downgraded SES AI from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $2.55.

SES AI Company Profile

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.