Solid Power’s Q2 Earnings: Revenue Up, Losses Deepen

Forward-Looking Analysis

Solid Power’s Q2 2026 earnings, scheduled for August 4, 2026, present a mixed financial outlook driven by revenue expansion against persistent net losses. While specific Q2 2026 consensus estimates for EPS and net income are not explicitly detailed in the provided analyst data, historical trends and recent quarterly reports offer clear projections. Q1 2026 EPS was reported at -$0.06, significantly beating the consensus estimate of -$0.12. However, revenue for that quarter was $3.07 million, falling short of the $3.33 million analyst expectation.

Looking at annualized figures, 2025 total revenue reached $21.75 million, with a trailing 1-year revenue of $20.14 million. Recent data indicates a 15.67% year-over-year revenue increase and a 25.33% sequential increase. Net income has shown a 47.25% decrease year-over-year and a 67.24% decrease quarter-over-quarter, with a trailing 1-year net income of -$96.52 million. The trailing EPS stands at -$0.48. Analyst forecasts suggest earnings will decrease further, moving from ($0.44) to ($0.57) per share in the next year. Despite the lack of specific Q2 analyst price targets or ratings in the current data snapshot, the stock is trading near its 52-week high, reflecting investor optimism about commercialization milestones with partners like Samsung SDI and SK On.

Historical Performance Review

Solid Power’s Q1 2026 results demonstrated top-line resilience despite bottom-line pressures. Revenue reached $3.07 million, though it trailed analyst estimates of $3.33 million. The company reported a net loss of $13.03 million, contrasting with the provided trailing annual net income of -$96.52 million. Earnings per share came in at -$0.06, a notable beat against the consensus estimate of -$0.12. Gross profit was reported at a negative $475.00 thousand, highlighting the ongoing challenges in scaling production costs relative to revenue generation in this early commercialization phase.

Additional News

Solid Power reported full-year 2025 results on February 24, 2026, delivering $21.7 million in revenue, an increase of $1.6 million from 2024, primarily driven by work under its line installation agreement with SK On. Operating expenses totaled $122.6 million, resulting in a net loss of $93.4 million or $0.51 per share. The company maintained strong liquidity of $336.5 million as of December 31, 2025. Key operational highlights include the announcement of a Joint Evaluation Agreement with Samsung SDI and BMW for all-solid-state battery development and the completion of factory acceptance testing for a pilot line installation at SK On’s facility. For 2026, Solid Power expects cash investment between $85 million and $100 million. CEO John Van Scoter emphasized progress toward commercialization, noting the completion of a $130 million registered direct offering in January 2026 to extend financial runway through 2029 and support electrolyte technology advancements.