SES AI reported second-quarter revenue of $5.1 million, up more than 40% year-over-year, whilst reaffirming full-year guidance of $30 million to $35 million. The company's gross margin improved to 22.6% from 18.1% in the first quarter, though net loss widened to $17.8 million. The battery developer expects its Korea facility to reach annualised production of 1 million NDAA-compliant drone cells in the fourth quarter. SES signed an agreement to develop battery packs for Doroni's H1-X eVTOL aircraft. Energy storage systems represented more than 70% of first-half revenue. The company is expanding into AI-driven materials discovery through its Molecular Universe 3.0 platform and sees potential growth in data-centre energy storage applications.

SES AI Corporation saw its price target raised by Deutsche Bank from $1.30 to $1.40, with the firm maintaining a Hold rating. The adjustment followed the company's Q1 2026 earnings call, where SES reported revenue of $6.7 million. During the call, analysts questioned management about a $20 million distribution agreement with ATGE Power and the company's fiscal year revenue guidance of $30 million to $35 million. SES confirmed that Energy Storage Systems will be the primary revenue contributor, ahead of drones and materials. Founded in 2012 and headquartered in Massachusetts, SES develops AI-enhanced lithium-metal batteries for electric vehicles, energy storage systems and urban air mobility applications.

SES AI Corporation has raised its revenue 929% over the past year to $21 million, prompting Cantor Fitzgerald analyst Derek Soderberg to reiterate his Overweight rating and $4 price target. The battery technology company reported Q1 FY2026 revenue of $6.7 million, up 47% quarter-on-quarter, driven by its Energy Storage Systems segment. The company posted a non-GAAP loss of $0.03 per share, meeting analyst expectations. SES recently secured a three-year distribution agreement with ATG EPower worth approximately $20 million for North American energy storage products. Soderberg highlighted growing interest in SES's AI-powered Molecular Universe unit, which discovers new battery materials. About six customers have progressed to second-phase testing of MU-discovered materials, signalling commercial traction beyond core operations.