QuantumScape (QS) is set to report its second-quarter 2026 results on Wednesday, July 22, after the closing bell. The stock is currently trading with a Zacks Rank of #4 (Sell).
Wall Street expects a net loss of $0.18 per share for the quarter. That would be an improvement from the $0.20 loss posted in the same period last year.
Options traders are not taking this one lightly. The market is pricing in a move of around 15% in either direction following the report. That’s well above QS’s average post-earnings move of 5.71% over the past four quarters.
In Q1 2026, QuantumScape posted a loss of $0.16 per share, beating the consensus estimate of $0.18. That delivered an earnings surprise of 11.1%.
The company has beaten, matched, or missed estimates unevenly across the past four quarters, with an average earnings surprise of just 1.22%.
Since QS generates no meaningful revenue, investors will be looking past the headline numbers. The main focus will be on progress at the Eagle Line pilot facility, which is central to the company’s path toward commercial-scale production.
Updates on battery cell performance will also matter. Investors want to know whether cells are meeting the technical benchmarks set by automaker partners.
QuantumScape recently signed a joint research agreement with Honda for solid-state battery technology. That deal puts Honda’s EV pipeline in the picture and gives QS another major automaker relationship to point to.
Work with PowerCo, Volkswagen’s battery unit, remains a key watch item. No milestone payments from PowerCo were recorded in Q1, and investors will want to know if that changes in Q2.
Cash burn is a central concern for a pre-revenue company. QuantumScape has guided for a 2026 adjusted EBITDA loss of $250 million to $275 million.
GAAP net loss in Q1 came in at $100.8 million as the company continues to fund its pilot line ramp and product development.
Investors will be watching whether the company still has enough cash on hand to fund operations through 2028, which has been the stated runway target.
Management commentary will carry more weight than the numbers themselves. Any signals around execution risk, timeline delays, or changes to the product roadmap will move the stock.
The Zacks model does not predict an earnings beat for QS this quarter. The Earnings ESP sits at 0.00%, and the Sell rank does not support a high-confidence beat scenario.
TipRanks’ AI model rates QS at 54 out of 100 with a Neutral rating and a price target of $6.00, implying upside of around 2.39% from current levels.
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