Amprius Q1 2025: Navigating Contradictions in Manufacturing Strategy and Revenue Growth

Contract manufacturing expansion and global diversification, revenue growth and customer base expansion, manufacturing expansion and global reach, tariffs and global customer reach, manufacturing expansion and contract manufacturing are the key contradictions discussed in Amprius's latest 2025Q1 earnings call.



Revenue and Customer Growth:
- Amprius Technologies reported $11.3 million in total revenue for Q1 2025, up 6% from the previous quarter and 383% year-on-year.
- The growth was primarily driven by a more than 600% increase in SiCore shipments since the beginning of 2024, indicating strong customer adoption and market acceptance.

Manufacturing and Capacity Expansion:
- The company developed a gigawatt hour scale cycle contract manufacturing capability, enhancing its ability to fulfill orders and attract volume customers.
- This capacity expansion, coupled with the completion of hardware retrofits at its Fremont facility, positions Amprius to meet growing demand and maintain competitive production costs.

Customer Diversification and Global Reach:
- 83% of Amprius' revenue in Q1 came from outside the United States, compared to 65% in the prior year period.
- This shift is attributed to the company's strategic focus on diversifying its customer base globally, mitigating risks from tariffs and trade policies both in the U.S. and internationally.

Technological Innovation and Product Launches:
- Amprius introduced new cell chemistries, including high energy and high-power pouch cells and cylindrical cells with enhanced performance parameters.
- These innovations have attracted strong market interest and demonstrate Amprius' ability to maintain its leadership in the lithium-ion battery industry.