Amprius Q1 Revenue Jumps to $28.5M, Full-Year Outlook Raised to $130M+
AMPX has more than doubled off its 52-week low of $2.16.
Summary
Amprius Technologies reported robust Q1 2026 results, with revenue more than doubling year-over-year to $28.5 million, alongside a 46% reduction in net loss to $5.0 million and an improved gross margin of 20%. The company also significantly raised its full-year 2026 revenue outlook to at least $130 million, driven by deeper relationships with existing drone customers, entry into new end markets, and a substantial $21 million purchase order from a new electric mobility customer in China. This strong performance and increased guidance build on the positive trajectory indicated in the recent 2025 10-K filing, suggesting accelerating demand for its silicon battery technology. Traders will be watching for continued execution on these new orders and progress towards the reiterated 2026 profitability targets.
At the time of this announcement, AMPX was trading at $20.38 on NYSE in the Technology sector, with a market capitalization of approximately $3B. The 52-week trading range was $2.16 to $22.80. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.