Amprius Q2 Revenue Doubles to $34M, Gross Margin Hits 27%, Loss Narrows
AMPX sits 74% above its 52-week low of $6.363.
Summary
Amprius Technologies reported Q2 2026 revenue of $34 million, up 126% year-over-year, with gross margin improving to 27%. The net loss narrowed to $3.2 million, and the company ended the quarter with $74.5 million in cash, which it believes is sufficient for the next 12 months.
Key Events · Earnings and Guidance · AMPX
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Revenue More Than Doubles
Q2 2026 revenue reached $34.0 million, a 126% increase from $15.1 million in Q2 2025, driven by strong SiCore battery sales. Six-month revenue hit $62.6 million, up 137%.
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Gross Margin Swings to 27%
Gross profit was $9.3 million in Q2 2026, a 27% margin, compared to $1.3 million (9% margin) a year ago. The improvement reflects higher sales volume and favorable product mix.
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Net Loss Narrows by Half
Net loss attributable to common stockholders was $5.1 million ($0.04 per share) in Q2 2026, down from $6.4 million ($0.05 per share) a year ago, despite a $1.9 million non-cash deemed dividend from a warrant exchange.
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Cash Runway Extended
Cash and equivalents stood at $74.5 million as of June 30, 2026. Management believes this is sufficient to fund operations for at least the next 12 months.
Analysis · AMPX · Manufacturing
Amprius delivered a standout quarter: revenue more than doubled to $34 million, gross margin swung to 27% from 9% a year ago, and the net loss shrank by half. The company ended the quarter with $74.5 million in cash and says that's enough for the next 12 months. The results confirm the strong preliminary numbers released two days ago and add detail on the balance sheet, cash flow, and a warrant exchange that reduced overhang. The termination of the Brighton lease removes a $20 million cash drain and a large liability, cleaning up the balance sheet. Two insider trading plan disclosures — one termination, one adoption — are notable but pre-planned.
At the time of this filing, AMPX was trading at $11.10 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.6B. The 52-week trading range was $6.36 to $24.23. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.