SES AI Reports Third Quarter 2026 Financial Results
Business Wire•12/11/2026•08:15 ET
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Key Highlights
- ➤Q3 revenue $6.6 million, up 31% from Q2 2026
- ➤GAAP net loss narrowed to $13.4 million from $17.9 million
- ➤Chungju line reached 1 million NDAA-compliant drone cells annually
- ➤Chungju expansion to 3 million cells annually planned by Q2 2027
- ➤2026 revenue guidance reiterated at $30 million to $35 million
Expert Statements
Qichao Hu, Founder and CEO of SES
“SES has reached a significant turning point. We have successfully delivered on the three commitments we made last quarter. We completed the ramp of our Chungju line to 1 million NDAA-compliant drone cells per year, our net loss narrowed by about 25%, and Molecular Universe 4.0 is now in evaluation with leading battery manufacturers. We see our business model as a Flywheel composed of three facets: Charge, Fly, and Discover. Energy storage (Charge) is our revenue base today, drone cells (Fly) scale next, and Molecular Universe (Discover) compounds over time.”
Qichao Hu, Founder and CEO of SES
“Drones and unmanned systems are our central growth priority, and that is where our incremental capital is going.”
Qichao Hu, Founder and CEO of SES
“We are busy producing and delivering cells to meet customer orders, so we are beginning a staged expansion toward capacity of 3 million cells per year. From here, our focus is execution and securing qualifications, orders, shipments and repeat customers.”
Unveils Flywheel corporate structure, composed of three complementary businesses
Delivered third quarter revenue of $6.6 million, up 31% from the second quarter
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