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QuantumScape's Loss Narrows, Sets Higher Capex Target for FY26

TigerFeb 12, 2026 12:18 AM

Shares of QuantumScape were pinned down in Wednesday’s late trading, pressured by the company’s most recent quarterly results, which showed a modest beat on profit expectations but again showed no revenue generated from its core business.

Moreover, the company expects to increase investment in scaling production of its solid-state battery using the Eagle Line but did not outline any revenue guidance for FY26 or new OEM partnerships, instead setting a vague set of “ambitious goals to bring our revolutionary technology to market.”

QuantumScape also plans to increase capex in 2026 to between $40M and $60M versus $36.3M in 2025.

By trimming its operating expenses by 14%, the company narrowed its loss per share to $0.17 from a loss of $0.22 per share, a penny better than expected.

The company’s inaugural customer billings—a measure of future cash inflows and not a substitute for revenue—totaled $19.5M in 2025.

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