AMPX

EX-99.1

2 ampx-2026x08x04x8kex991.htm

EX-99.1

Document

Exhibit 99.1

Amprius Technologies Reports Second Quarter 2026 Financial Results and Recent Business Highlights

•Q2 2026 revenue more than doubled year-over-year to $34.0 million.

•Net loss of $5.1 million, representing a 20% year-over-year improvement, including a $1.9 million non-cash impact from the increase in fair value related to the warrant exchange. Net loss improved 50% excluding the impact of the warrant exchange.

•Increasing 2026 revenue outlook to at least $140.0 million, reiterating targets for net loss below $10.0 million, and positive non-GAAP Adjusted EBITDA of at least $4 million.

FREMONT, Calif. — August 4, 2026 – Amprius Technologies, Inc. ("Amprius" or the "Company") (NYSE: AMPX), a leader in silicon anode lithium-ion batteries, today announced financial results for the second quarter ended June 30, 2026, and discussed recent business developments.

Revenue for the second quarter of 2026 was $34.0 million, up 126% from $15.1 million in the second quarter of 2025. Net loss attributable to common stockholders of $5.1 million, includes the $1.9 million non-cash impact of the increase in fair value related to the warrant exchange (“Warrant Modification”), compared to a net loss of $6.4 million in the second quarter of 2025. Excluding the $1.9 million impact of the Warrant Modification, net loss for the second quarter of 2026 was $3.2 million. GAAP net loss per common share was $0.04, compared to net loss per share was $0.05 in the second quarter of 2025. GAAP net loss per share for the second quarter of 2026 adjusted to remove the $1.9 million Warrant Modification was $0.02.

Q2 2026 Financial Highlights

•Record revenue of $34.0 million, up 19% sequentially and 2.3x year-over-year (YoY).

•Gross profit of $9.3 million, up $8.0 million and 593% YoY.

•Delivered GAAP gross margin of 27%, improving from 20% in Q1 2026.

•Net loss attributable to common stockholders of $5.1 million, a $1.3 million improvement YoY. Net loss adjusted for the $1.9 million Warrant Modification was $3.2 million.

•Non-GAAP Adjusted EBITDA of $(1.0) million, a 53% or $1.1 million improvement YoY.

“Amprius delivered another robust quarter, with revenue growing 2.3x year over year and gross margin expanding to 27%,” said Amprius Technologies CEO Tom Stepien. “We saw healthy demand across drone and e-mobility markets. We secured the trust of several leading customers, including a $24 million order from a new European drone manufacturer, and a multi-year contract with Stark Future, which we expect to exceed $100 million. The strong results and the depth of our pipeline give us the confidence to raise our full-year 2026 outlook for the second consecutive quarter.”

Reconciliations of GAAP net loss to non-GAAP Adjusted net loss and non-GAAP Adjusted EBITDA are provided in the financial schedules that are part of this press release. An explanation of these non-GAAP financial measures is also included below under the heading “Non-GAAP Financial Measures.”

Quarterly Financial Comparison

$ in millions

Metric

Q2 2026

Q2 2025

Delta

Improvement

Revenue

34.0

15.1

19.0

126%

Gross Profit

9.3

1.3

8.0

593%

% Margin

27%

9%

GAAP Net Loss

(5.1)

(6.4)

1.3

20%

% Margin

(15%)

(42%)

Non-GAAP Adjusted Net Loss

(3.2)

(6.4)

3.2

50%

% Margin

(9%)

(42%)

Non-GAAP Adjusted EBITDA

(1.0)

(2.1)

1.1

53%

% Margin

(3%)

(14%)

Business Highlights

•Established multi-year supply agreement starting in 2027 with Stark Future, a Barcelona-based manufacturer of electric motorcycles, representing a total revenue opportunity exceeding $100 million

•Awarded a $24.0 million order from a major European drone developer for SiCore cylindrical cells

•Supplied Redwire, a leading aerospace and defense technology company, with SiCore cells for the Stalker Block 30, a long-range intelligence surveillance and reconnaissance drone

•Advanced the Fremont, California pilot line expansion, partially funded by the Defense Innovation Unit, by initiating installation activities of about 40% of the production tools

•Expanded the Company's network of contract manufacturing partners in South Korea, enhancing the Company’s cell production capacity

•Adding pack partners, enhancing the Company’s ability to scale without adding direct sales headcount

Updated 2026 Financial Outlook

Amprius updates its 2026 full year outlook as follows:

•Total revenue is now expected to be at least $140 million, raised from at least $130 million

•Gross margin guidance is now expected to be at least 28%, raised from at least 25%

•Net loss is now expected to be less than $10 million, accounting for the $1.9 million non-cash fair value charge impact of the Warrant Exchange

•Net loss per share is now expected to be under $0.08, accounting for the $1.9 million non-cash fair value charge impact of the Warrant Exchange

Reiterating targets:

•Adjusted EBITDA is expected to be at least $4.0 millio

EX-99.1

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EX-99.1

Document

Exhibit 99.1

Amprius Technologies Reports First Quarter 2026 Financial Results and Recent Business Highlights

•Q1 2026 revenue up over 2.5x year-over-year to $28.5 million

•Net loss of $5.0 million represents 46% improvement year-over-year

•Increasing 2026 revenue outlook to at least $130.0 million, reiterating targets for net loss below $8.0 million, and positive non-GAAP Adjusted EBITDA of at least $4.0 million

FREMONT, Calif. — May 7, 2026 – Amprius Technologies, Inc. ("Amprius" or the "Company") (NYSE: AMPX), a leader in silicon anode lithium-ion batteries, today announced financial results for the first quarter ended March 31, 2026, and discussed recent business developments.

Revenue for the first quarter of 2026 was $28.5 million, up 2.5x from $11.3 million in the first quarter of 2025. Net loss was $5.0 million, compared to a net loss of $9.4 million in the first quarter of 2025. Net loss per share was $0.04, compared to a net loss per share of $0.08 in the first quarter of 2025.

Q1 2026 Financial Highlights

•Record revenue of $28.5 million, up 13% sequentially and 2.5x year-over-year (YoY)

•Delivered GAAP gross margin of 20%, with gross profit improving 343% YoY. Gross margin would have been 22% excluding expenses in Colorado of $0.5 million that will not recur.

•Net loss of $5.0 million, a $4.3 million improvement YoY

•Non-GAAP Adjusted EBITDA of ($1.8) million, a $3.4 million improvement YoY

“We entered 2026 with momentum, and our team delivered. Q1 revenue grew 13% sequentially, which we believe reflects both the depth of our relationships with existing drone customers and our ability to win in new end markets,” said Amprius’ CEO Tom Stepien. “We believe the $21.0 million purchase order we recently announced from a light electric vehicle customer underscores the expanding commercial reach of our silicon anode batteries. This combination of execution, repeat business, and new program wins provides a foundation for continued growth, as reflected in our increased revenue guidance.”

Reconciliations of GAAP net loss to non-GAAP Adjusted EBITDA are provided in the financial schedules that are part of this press release. An explanation of these non-GAAP financial measures is also included below under the heading “Non-GAAP Financial Measures.”

Quarterly Financial Comparison

$ in millions

Metric

Q1 2026

Q1 2025

Delta

Improvement

Revenue

28.5

11.3

17.3

153%

Gross Profit (Loss)

5.7

(2.4)

8.1

343%

% Margin

20%

(21%)

GAAP Net (Loss)

(5.0)

(9.4)

4.3

46%

% Margin

(18%)

(83%)

Adjusted EBITDA

(1.8)

(5.2)

3.4

66%

% Margin

(6%)

(46%)

Business Highlights

•Longstanding U.S. defense customers awarded approximately $500 million in new orders across multiple branches of the U.S. military, boosting Amprius’ visibility into future purchase orders for cells

•Added $3.3 million to Amprius' existing contract with the Defense Innovation Unit (DIU), an arm of the U.S. Department of War, bringing the total DIU-Amprius contract for National Defense Appropriations Act (NDAA) compliant advanced drone batteries to $18.1 million

•Amprius was named one of America’s Top GreenTech Companies for 2026 by Time magazine, recognizing the company’s innovation, environmental impact and financial strength

•Announced a $21.0 million purchase order for SiCore cylindrical cells from a new premier electric mobility customer in China for light electric vehicles, including scooters, three-wheelers and motorcycles

•Deepened our contract manufacturing strategy by adding Nanotech Energy as a U.S. production partner for high-performance silicon battery cells, reinforcing Amprius’ manufacturing-light model

Updated 2026 Financial Outlook

Amprius updates its 2026 full year outlook as follows:

•Total revenue is now expected to be at least $130 million, raised from at least $125 million

•Representing additional demand from Q1 and potential additional demand, particularly from U.S. customers in 2026

Reiterating targets:

•Net loss is expected to be less than $8.0 million

•Net loss per share is expected to be under $0.06

•Adjusted EBITDA is expected to be at least $4.0 million

•Capital expenditure is expected to be under $10.0 million

The Company's 2026 outlook assumes depreciation and amortization of $4.7 million, stock-based compensation expense of $8.3 million, interest income of $1.0 million, and weighted average shares outstanding of 136.9 million for the full year.

Amprius’ CFO Ricardo C. Rodriguez added: “Last year, Amprius presented early evidence of the potential strength of our business model, with the revenue base steadily increasing and margins improving. In 2026, our team is energized to continue delivering a meaningful step function in growth and profitability with an increasingly efficient capital structure and scale-enabling costs.”

Amprius may recognize additional charges, realize gains or losses, incur financing costs or

EX-99.1

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EX-99.1

Document

Exhibit 99.1

Amprius Technologies Reports Fourth Quarter and Fiscal Year 2025 Financial Results and Recent Business Highlights

•Q4 revenue up 137% to $25.2 million; full-year 2025 revenue up over 3X to $73.0 million

•Net loss of $44.0 million reflects one time impairment charges of $22.5 million as Q4 gross margin improved to 24% driving first positive quarterly non-GAAP adjusted EBITDA of $1.8 million

•Expecting 2026 revenue growth of at least 70% to $125 million or more, with net loss below $8 million, and positive non-GAAP Adjusted EBITDA of at least $4 million

FREMONT, Calif. — March 4, 2026 – Amprius Technologies, Inc. ("Amprius" or the "Company") (NYSE: AMPX), a leader in next-generation lithium-ion batteries with its Silicon Anode Platform, today announced financial results for the fourth quarter and full year ended December 31, 2025, and discussed recent business developments.

Revenue for the fourth quarter of 2025 was $25.2 million, compared to $10.6 million in the fourth quarter of 2024. Net loss was $24.4 million, compared to a net loss of $11.4 million in the fourth quarter of 2024. Net loss per share was $0.18, compared to a net loss per share of $0.10 in the fourth quarter of 2024. Results reflect a fourth quarter 2025 charge of $22.5 million reflecting the impairment of assets linked to a facility in Colorado, discussed below, along with other one-time fixed asset write-downs. Adjusting for these one-time charges, the Company’s net loss for the fourth quarter would have been $1.9 million, or $0.01 per share.

Revenue for the full year 2025 was $73.0 million, compared to $24.2 million in 2024, an increase of 202%. Net loss for the year was $44.0 million, compared to a net loss of $44.7 million in 2024. Net loss per share for the year was $0.35, compared to a loss of $0.45 per share in 2024. Adjusting for the one-time charges in Q4 of $22.5 million, the Company’s full-year 2025 net loss would have been $21.5 million, or $0.17 cents per share.

Q4 2025 Financial Highlights

•Record revenue of $25.2 million, up 18% sequentially and 137% year-over-year (YoY)

•Delivered gross margin of 24%, with gross profit improving 80% sequentially and 365% YoY

•Net loss of $24.4 million, a $20.5 million increase sequentially and $13.0 million increase YoY. Excluding the $22.5 million charge, described above, adjusted net loss was $1.9 million.

•Non-GAAP Adjusted EBITDA of $1.8 million, up $1.6 million sequentially and $6.5 million YoY

Full Year 2025 Financial Highlights

•Total revenue of $73.0 million, up 202% from 2024

•Gross margins of 11%, an 87-percentage point improvement over 2024

•Net loss of $44.0 million, a $0.6 million improvement YoY. Excluding a $22.5 million loss on impairment of long-lived assets and retirement of property, plant and equipment, adjusted net loss was $21.5 million

•Non-GAAP Adjusted EBITDA of $(5.3) million, an $18.1 million YoY improvement

•Ended the year with cash and cash equivalents of $91.9 million

“For Amprius, 2025 marked a year of meaningful commercial progress, as we expanded our customer base to over 550, increased revenue by over 3x, and advanced the adoption of our silicon anode batteries across multiple end markets,” said Amprius CEO Tom Stepien. “Growing demand from existing customers, new program wins, and improved execution across our manufacturing partners drove strong momentum throughout the year. Looking ahead to 2026, we plan to leverage our enhanced supply chain to scale production and meet accelerating market demand, supporting continued accretive growth.”

Reconciliations of GAAP net loss to non-GAAP Adjusted EBITDA and adjusted non-GAAP net loss excluding one-time charges are provided in the financial schedules that are part of this press release. An explanation of these non-GAAP financial measures is also included below under the heading "Non-GAAP Financial Measures."

Quarterly Financial Comparison

$ in millions

Metric

Q4 2025

Q4 2024

Delta

Improvement

Revenue

25.2

10.6

14.6

137%

Gross Profit (Loss)

6.0

(2.3)

8.2

365%

% Margin

24%

(21%)

GAAP Net (Loss)

(24.4)

(11.4)

(13.0)

(114%)

% Margin

(97%)

(107%)

Adj. Net (Loss)

(1.9)

(9.6)

7.7

80%

% Margin

(7%)

(90%)

Adjusted EBITDA

1.8

(4.8)

6.5

137%

% Margin

7%

(45%)

Full Year Financial Comparison

$ in millions

Metric

2025

2024

Delta

Improvement

Revenue

73.0

24.2

48.8

202%

Gross Profit (Loss)

8.3

(18.3)

26.6

145%

% Margin

11%

(76%)

GAAP Net (Loss)

(44.0)

(44.7)

0.6

1%

% Margin

(60%)

(185%)

Adj. Net (Loss)

(21.5)

(42.8)

21.3

50%

% Margin

(29%)

(177%)

Adjusted EBITDA

(5.3)

(23.4)

18.1

77%

% Margin

(7%)

(97%)

Business Highlights

•Added $2.8 million to Amprius' existing agreement with the Defense Innovation Unit (DIU), an arm of the U.S. Department of War, bringing the total DIU-Amprius agreement for NDAA-compliant advanced drone batteries to $14.8 million. Th