Did Amprius Technologies beat or miss consensus estimates last quarter?

What factors drove the changes in Amprius Technologies's revenue and profit?

What does Amprius Technologies do and what are its main business segments?

What were the key takeaways from Amprius Technologies's earnings call?

What is the market's earnings forecast for Amprius Technologies next quarter?

What is the revenue and EPS growth rate for Amprius Technologies year over year?

What guidance did Amprius Technologies's management provide for the next earnings period?

What is Amprius Technologies's latest dividend and current dividend yield?

- **Revenue Surge**: Q4 2025 revenue up 137% YoY to $25.2M, with 24% gross margin.
- **NDAA Compliance Lead**: All 11 internal components sourced from compliant countries; 3 South Korean, 1 U.S. contract manufacturers operational.
- **Strategic Wins**: $14.8M DoW contract, Nokia Drone Networks partnership, 550+ customers.
- **2026 Outlook**: $125M+ revenue, $4M+ EBITDA, 30%+ gross margin target.
- **Geopolitical Tailwind**: U.S. defense demand accelerating; Nanotech partnership to scale domestic production.

**【CEO Summary Section】**
- **2025 Milestones**: Achieved $73M annual revenue (3x 2024), 24% Q4 gross margin (vs. -76% in 2024). Secured $14.8M DoW contract for NDAA-compliant SiCore cells.
- **NDAA Compliance**: All 11 internal components sourced from NDAA-compliant countries. Expanded contract manufacturing to 3 partners in South Korea and 1 in U.S. (Nanotech Energy).
- **Customer Growth**: 550+ customers, including Nokia Drone Networks (520 Wh/kg cells enable 40% longer flight times). Won Best of Innovation award for silicon anode tech.
- **Market Expansion**: 22 cell designs across energy, power, and balanced formats. Targeting UAVs, space, e-mobility, robotics, and eVTOLs.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: $25.2M revenue (18% QoQ, 137% YoY), $1.8M adjusted EBITDA (vs. -$1.4M Q3). Terminated ATM program after raising $19.6M.
- **2026 Outlook**: $125M+ revenue, $4M+ adjusted EBITDA. CapEx < $10M, funded by DoW contract and working capital.
- **Balance Sheet**: $90.5M cash, no debt. Settled Colorado lease for $20M, reducing liabilities by $33.2M.

**【Q&A Highlights】**
- **NDAA Progress**: 11/11 components compliant. Operationalizing supply chains with South Korean and U.S. partners.
- **Drone Dominance Program**: 25 awardees, including Amprius. Downselect results pending; potential for accelerated production.
- **Customer Demand**: 100+ new Q4 customers. Average PO size growing; 50%+ of revenue from Gen 2 SiCore (vs. 60% SiMaxx).
- **Geopolitical Impact**: Increased urgency from defense contractors for U.S.-made cells. Nanotech partnership to scale U.S. manufacturing.
- **Technology Roadmap**: Targeting 500+ Wh/kg by end-2026. R&D focused on cathode and electrolyte improvements.

Amprius Technologies, Inc. (AMPX) Q4 2025 Earnings Call Transcript

- **Revenue Growth**: Q3 2025 revenue up 42% Q/Q to $21.4M, driven by 4x growth in SiCore batteries. 
- **Profitability**: Gross margin improved to 15%, targeting >20% as SiCore mix expands. 
- **Strategic Wins**: $35M UAS contract, Amazon Phase 3 partnership, Nordic Wing drone deal. 
- **Government Support**: $12M DIU contract for U.S. battery production, aligning with defense needs. 
- **Cash Position**: $73.2M cash, no debt, supporting aggressive growth. 
- **Breakeven**: $10M incremental revenue needed for EBITDA breakeven. 


**【CEO Summary Section】**
- Amprius is a leader in silicon anode batteries with industry-leading performance metrics: 450 Wh/kg energy density, 10C power capability, and 6-minute fast charging. 
- The company has shipped to 444 customers globally, with 80 new customers added in Q3 2025. 
- Strategic focus on defense and aerospace markets, including partnerships with U.S. government programs and leading drone manufacturers. 

**【President’s Q3 2025 Highlights】**
- Revenue surged 42% Q/Q to $21.4 million, up 173% YoY, driven by 4x growth in second-gen SiCore battery shipments. 
- Secured a $35 million purchase order from a leading UAS manufacturer, part of $53 million backlog. 
- 75% of revenue from aviation sector (drones, UAS), 25% from light electric vehicles. 
- Expanded contract manufacturing network to 1.8 GWh annual capacity. 

**【CFO Financial Commentary】**
- Gross margin improved to 15% (vs. 9% prior quarter), driven by product mix and scale. 
- Operating expenses stabilized at $8 million, down 30% Q/Q to $4.7 million loss. 
- Cash position of $73.2 million with no debt, supporting $25.9 million equity raise. 
- $12 million DIU contract for U.S.-based electrode manufacturing. 

**【Q&A Highlights】**
- **Capacity & Scaling**: 1.8 GWh contract manufacturing capacity, with 50 million cells/year production capability. 
- **Gross Margin Path**: Target >20% as SiCore mix exceeds 80%. 
- **Government Support**: $12M DIU contract for domestic battery production, aligning with U.S. defense needs. 
- **Customer Growth**: 400+ customers across 15 SKUs, with 75% aerospace/defense, 25% LEV. 
- **Amazon Partnership**: Advanced to Phase 3 of Climate Tech Accelerator program. 
- **Breakeven Outlook**: $10M incremental revenue needed for EBITDA breakeven. 


Amprius Technologies, Inc. (AMPX) Q3 2025 Earnings Call Transcript

- **Revenue Surge**: Q2 2025 revenue of $15.1 million (+335% YoY) driven by 450%+ SiCore shipments.
- **Profitability Breakthrough**: Gross margin turned positive at 9%, up from -21% in Q1.
- **Customer Expansion**: 93 customers in Q2, 43 new, with 86% of revenue from international markets.
- **Strategic Manufacturing**: South Korea partnership and $10.5M U.S. government grant to expand domestic production.
- **Drone Market Dominance**: SA102 enables 67-day drone flights, winning contracts with Airbus, U.S. Army, and others.

**【CEO Opening Remarks】**
- Amprius is a leader in silicon anode battery technology, with products achieving up to 517 Wh/kg energy density and 1,300 W/L power density.
- Q2 2025 revenue reached $15.1 million, a 350% year-over-year increase, driven by SiCore shipments growing over 450%.
- Gross margin turned positive at 9% in Q2, up from negative 21% in Q1, reflecting operational efficiency improvements.

**【President Thomas Stepien’s Q2 Highlights】**
- Introduced SA102, the first SiCore cell to reach 440 Wh/kg, enabling drones to fly 67 days continuously.
- Shipped to 93 customers in Q2, 43 of whom were new, with 86% of revenue from outside the U.S.
- Expanded manufacturing with a South Korean partner and upgraded Fremont pilot line to 10 MWh/year.

**【CFO Sandra Wallach’s Financial Update】**
- Q2 2025 revenue: $15.1 million (34% QoQ growth, 335% YoY).
- Gross margin: 9% (vs. -21% Q1 2025).
- Operating expenses: $8.2 million (12% QoQ increase due to R&D and sales investments).
- Cash balance: $54.2 million with $46.7 million remaining on ATM program.

**【Q&A Highlights】**
- **Drone Market Growth**: U.S. policy prioritizing domestic drone manufacturing could accelerate adoption, with 320+ customer engagements.
- **Gross Margin Expansion**: SiCore’s 9%+ gross margin expected to drive profitability as scale increases.
- **Manufacturing Strategy**: Fremont pilot line and South Korean partner support $1.8 GWh contract manufacturing capacity.
- **Government Contract**: $10.5M DoD grant to expand NDAA-compliant electrode manufacturing in Fremont.

Amprius (AMPX)-7 Aug 25-2025 Q2 Earnings call transcript

- **Revenue Surge**: Q1 2025 revenue up 383% YoY to $11.3M, driven by 600%+ SiCore shipments.
- **Breakthrough Products**: 370 Wh/kg 15C pouch cells win "Best in Show"; 6,300 mAh cylindrical cells deliver 25% energy boost.
- **Global Diversification**: 83% of revenue outside U.S., reducing tariff risk.
- **Backlog Growth**: $34.5M added, including $15M UAS contract set to ship in H2 2025.
- **Profitability**: SiCore product line already cash flow positive, driving margin improvement.
- **Manufacturing Expansion**: New non-China contract manufacturers launching "very soon".
- **Competitive Edge**: Industry-leading silicon anode portfolio and unique cell chemistries vs. EV-focused peers.

**【CEO Summary Section】**
- Q1 2025 revenue reached $11.3 million, up 6% sequentially and 383% year-over-year, driven by SiCore shipments growing over 600% since Q1 2024.
- Introduced new high-performance batteries: 370 Wh/kg 15C pouch cells ("Best in Show" at 2025 Battery Seminar) and 6,300 mAh cylindrical cells offering 25% energy boost.
- 83% of Q1 revenue came from outside the U.S., diversifying risk from tariffs.
- Added $34.5 million to backlog, including a $15 million UAS OEM contract set to ship in H2 2025.
- Expanded customer base to 102 (44 new), with 25% of revenue from light electric vehicles.
- Launched 450 Wh/kg SiCore cell, achieving 400 Wh/kg energy density, 80%+ better than graphite anode cells.
- Global manufacturing strategy: expanding contract manufacturing outside China while maintaining U.S. military-grade quality.

**【CFO Financial Commentary】**
- Q1 2025 GAAP net loss: $9.4 million (-$0.08/share) vs. Q4 2024 loss of $11.4 million (-$0.10/share).
- Gross margin: -21% (sequential improvement from -21% in Q4 2024).
- Operating expenses: $7.3 million (-23% vs. Q4 2024) due to reduced non-recurring costs.
- Cash position: $48.4 million with no debt, and $57.8 million remaining on ATM.
- SiCore product line already cash flow positive, driving margin improvement.
- No near-term Colorado facility construction plans; focusing on contract manufacturing expansion.

**【Q&A Highlights】**
- **Backlog Growth**: $34.5M added in Q1, bringing total to ~$37.8M (excluding grants). Expect sequential revenue growth through 2025 as contracts ramp.
- **Non-China Manufacturing**: New contract manufacturers outside China launching "very soon" to support global supply chain.
- **Competitive Advantage**: Industry-leading silicon anode portfolio (SiO, SiC, nanowire) and unique cell chemistries vs. CATL/BYD focus on EV/consumer electronics.
- **Fortune 500 Customer**: Testing 21700 cylindrical cells; expects volume orders in late 2026 after qualification process.
- **R&D/Sales Expansion**: Hiring in R&D (core innovation), contract manufacturing management, and sales teams to support growth pipeline.
- **Tariff Mitigation**: 80%+ Q1 revenue outside U.S., competitive cost structure makes Amprius the only viable solution for many customers.

Amprius (AMPX)-8 May 25-2025 Q1 Earnings call transcript

- **Revenue Surge**: 2024 revenue up 167% to $24.2M, driven by 235 customers (182 new) and $10.6M Q4 sales (77% international).
- **Product Excellence**: 14 SKUs with 450 Wh/kg energy density and 10C power, winning $15M UAS order and $3M USABC grant.
- **Global Expansion**: 77% Q4 revenue from outside U.S., with Korea and Europe CM partnerships to mitigate geopolitical risks.
- **Financial Health**: $55.2M cash, negative 21% Q4 GM (vs. -98% YoY), targeting positive GM with SiCore line scale-up.

**【CEO Opening Remarks】**
- **2024 Milestones**: Delivered 1.8 GWh manufacturing capacity, shipped to 235 customers, and achieved $24.2M revenue (167% YoY growth). Key wins include a $15M UAS order and a $3M USABC grant for EV batteries.
- **Product Portfolio**: 14 SKUs covering energy density (450 Wh/kg) and power (10C/15C). Q4 2024 revenue was $10.6M, 77% from international markets.
- **2025 Outlook**: Expand contract manufacturing in Korea and Europe to mitigate geopolitical risks. Targeting light e-vehicles (projected $136B by 2029) and drone markets ($213B by 2032).

**【CFO Financial Highlights】**
- **Q4 2024 Results**: $10.6M revenue (71% QoQ growth), negative 21% gross margin (improving from -98% YoY). Operating expenses $9.5M (55% QoQ increase due to R&D and non-recurring costs).
- **Full Year 2024**: $24.2M revenue (167% YoY), negative 76% gross margin (vs. -162% YoY). Ended with $55.2M cash and no debt.
- **2025 CapEx**: $1M for Fremont line expansion; Colorado facility on hold due to macro uncertainty.

**【Q&A Key Takeaways】**
- **Customer Diversity**: 235 customers (182 new in 2024), 3+10% revenue contributors. 77% Q4 revenue from outside U.S. due to global expansion.
- **Manufacturing Strategy**: 3 China-based CMs + new Korea partner. Europe partnerships in evaluation for geopolitical diversification.
- **Gross Margin Path**: SiCore line (positive GM) driving margin improvement. Q4 2024 GM -21% vs. -98% YoY.
- **Risks**: Geopolitical trade tensions, federal policy uncertainty, and supply chain volatility.

Actual	-0.06	-0.07	-0.11	-0.11	-0.1	-0.11	-0.11	-0.13	-0.1	-0.1	-0.08	-0.05	-0.03	-0.01
Forecast	-0.115	-0.0633	-0.0933	-0.1125	-0.12	-0.1122	-0.1139	-0.1043	-0.1238	-0.1057	-0.0907	-0.0786	-0.0536	-0.038
Surprise	+47.83%	-10.58%	-17.90%	+2.22%	+16.67%	+1.96%	+3.42%	-24.64%	+19.22%	+5.39%	+11.80%	+36.39%	+44.03%	+73.68%

AMPX

AMPX fundamentals

AMPX Q4 2025 Earnings

Earnings Call

You can ask Aime

AMPX

AMPX fundamentals

AMPX Q4 2025 Earnings

Earnings Call

AMPX Earnings Call Summary for Q4/20258:30 AM on Mar 5, 2026

AMPX Earnings Call Summary for Q3/20255:00 PM on Nov 6, 2025

AMPX Earnings Call Summary for Q2/20255:00 PM on Aug 7, 2025

AMPX Earnings Call Summary for Q1/20255:00 PM on May 8, 2025

AMPX Earnings Call Summary for Q4/20245:00 PM on Mar 20, 2025

You can ask Aime