Equity Profile

QS

QuantumScape Corporation

Consumer DiscretionaryAutomotive Parts & Equipment$4.7B

Jul22Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

QuantumScape Corporation (QS) is a company focused on developing solid-state battery technology for electric vehicles. As the automotive industry shifts towards electric mobility, QuantumScape's innovations could play a significant role in enhancing battery performance and safety, making it a key player in the Consumer Discretionary sector.

Key Metrics to Watch

Battery Technology Progress

Investors will be keen to understand advancements in their solid-state battery technology, which is crucial for future partnerships and sales.

Updates on partnerships or prototypes

Cash Burn Rate

As a company still in the development phase, managing cash flow is critical for sustainability and future growth.

Expectations of reduced cash burn

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

QS Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-3.08%

Avg Stock Reaction

-2.68%

Last Quarter Recap

In Q1-2026, QuantumScape reported an EPS of -$0.16, slightly better than the expected -$0.18, which resulted in a 4.73% increase in stock price the following day. However, revenue figures were not disclosed, leaving some uncertainty about overall financial health.

Management Promises & Guidance

Commitment to advancing solid-state battery technology.
Focus on reducing cash burn in upcoming quarters.
Plans to provide clearer updates on production timelines.

Expectations

Wall Street Expectations

Overall, expectations are mixed as investors look for signs of progress in technology and production. The market is particularly sensitive to any updates on partnerships and cash management.

Bull Case

If QuantumScape can demonstrate significant advancements in battery technology and provide a clear production timeline, it could attract new partnerships and boost investor confidence.

Bear Case

Conversely, if the company fails to meet expectations regarding technology progress or continues to burn cash without a clear path to profitability, it could lead to a decline in stock price.

Key Metrics to Watch

Battery Technology Progress

Updates on partnerships or prototypes

Investors will be keen to understand advancements in their solid-state battery technology, which is crucial for future partnerships and sales.

Cash Burn Rate

Expectations of reduced cash burn

As a company still in the development phase, managing cash flow is critical for sustainability and future growth.

Production Timeline

Updates on production milestones

A clear timeline for production and delivery of batteries can significantly impact investor confidence and stock performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific advancements have been made in solid-state battery technology?

This will directly impact investor confidence and potential future partnerships, which are critical for growth.

What is the updated timeline for battery production and delivery?

A clear timeline can help manage investor expectations and gauge the company's ability to scale operations.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for QuantumScape's technology to disrupt the battery industry, particularly if they can secure key partnerships.

Supporting Evidence

The recent EPS surprise indicates some operational improvements.

Options pricing suggests a larger move than historical averages, reflecting investor uncertainty.

Management's focus on reducing cash burn may indicate a shift towards sustainability that the market has not fully priced in.

Key Risk

If the company announces a significant partnership or breakthrough in technology, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around the company's ability to advance its technology while managing cash flow effectively.

Bull Confirmed If

Demonstrating a significant milestone in battery technology that could lead to new partnerships.

Bear Confirmed If

Failure to provide a clear production timeline or continued high cash burn without a plan.

Pre-Earnings Positioning

Options Market

Implied Move

±36.0%

Historical Avg

±4.9%

Pricing rich

The options market is pricing in a significant potential move, indicating heightened uncertainty or anticipation surrounding the earnings report.

Options are pricing ±36.0% while QS has averaged ±4.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

69.5%

Calls (3.5M)P/C Ratio: 0.36Puts (581K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If QuantumScape beats expectations and raises guidance, history suggests the stock could rise by around 4.94%, confirming a positive outlook.

In-Line / Cautious

An in-line report with cautious commentary may lead to a muted reaction, as investors weigh the implications of the current progress.

Miss

If the company misses expectations, history suggests a decline of about 3.02%, which could raise concerns about its future viability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Specific updates on solid-state battery technology advancements.
2Details on the cash burn rate and plans for improvement.
3Any new partnerships or collaborations announced.
4Clarification on the production timeline for batteries.
5Management's outlook on the electric vehicle market and its impact on business.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Key Metrics to Watch

Battery Technology Progress

Investors will be keen to understand advancements in their solid-state battery technology, which is crucial for future partnerships and sales.

Updates on partnerships or prototypes

Cash Burn Rate

As a company still in the development phase, managing cash flow is critical for sustainability and future growth.

Expectations of reduced cash burn

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

QS Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-3.08%

Avg Stock Reaction

-2.68%

Last Quarter Recap

Management Promises & Guidance

Commitment to advancing solid-state battery technology.
Focus on reducing cash burn in upcoming quarters.
Plans to provide clearer updates on production timelines.

Expectations

Wall Street Expectations

Overall, expectations are mixed as investors look for signs of progress in technology and production. The market is particularly sensitive to any updates on partnerships and cash management.

Bull Case

If QuantumScape can demonstrate significant advancements in battery technology and provide a clear production timeline, it could attract new partnerships and boost investor confidence.

Bear Case

Conversely, if the company fails to meet expectations regarding technology progress or continues to burn cash without a clear path to profitability, it could lead to a decline in stock price.

Key Metrics to Watch

Battery Technology Progress

Updates on partnerships or prototypes

Investors will be keen to understand advancements in their solid-state battery technology, which is crucial for future partnerships and sales.

Cash Burn Rate

Expectations of reduced cash burn

As a company still in the development phase, managing cash flow is critical for sustainability and future growth.

Production Timeline

Updates on production milestones

A clear timeline for production and delivery of batteries can significantly impact investor confidence and stock performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

What specific advancements have been made in solid-state battery technology?

This will directly impact investor confidence and potential future partnerships, which are critical for growth.

What is the updated timeline for battery production and delivery?

A clear timeline can help manage investor expectations and gauge the company's ability to scale operations.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for QuantumScape's technology to disrupt the battery industry, particularly if they can secure key partnerships.

Supporting Evidence

The recent EPS surprise indicates some operational improvements.

Options pricing suggests a larger move than historical averages, reflecting investor uncertainty.

Management's focus on reducing cash burn may indicate a shift towards sustainability that the market has not fully priced in.

Key Risk

If the company announces a significant partnership or breakthrough in technology, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around the company's ability to advance its technology while managing cash flow effectively.

Bull Confirmed If

Demonstrating a significant milestone in battery technology that could lead to new partnerships.

Bear Confirmed If

Failure to provide a clear production timeline or continued high cash burn without a plan.

Pre-Earnings Positioning

Options Market

Implied Move

±36.0%

Historical Avg

±4.9%

Pricing rich

The options market is pricing in a significant potential move, indicating heightened uncertainty or anticipation surrounding the earnings report.

Options are pricing ±36.0% while QS has averaged ±4.9% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

1.0%

30d HV

69.5%

Calls (3.5M)P/C Ratio: 0.36Puts (581K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If QuantumScape beats expectations and raises guidance, history suggests the stock could rise by around 4.94%, confirming a positive outlook.

In-Line / Cautious

An in-line report with cautious commentary may lead to a muted reaction, as investors weigh the implications of the current progress.

Miss

If the company misses expectations, history suggests a decline of about 3.02%, which could raise concerns about its future viability.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Specific updates on solid-state battery technology advancements.
2Details on the cash burn rate and plans for improvement.
3Any new partnerships or collaborations announced.
4Clarification on the production timeline for batteries.
5Management's outlook on the electric vehicle market and its impact on business.