Amprius Reports Strong Q1 2026 Growth, Secures $21M EV Order
Event summary
- Q1 2026 revenue up 2.5x YoY to $28.5M, net loss narrows to $5M
- Secured $21M purchase order for SiCore cylindrical cells from Chinese EV customer
- Added $3.3M to existing DIU contract, totaling $18.1M for NDAA-compliant drone batteries
- Updated 2026 revenue guidance to at least $130M, up from $125M
- Named one of America’s Top GreenTech Companies for 2026 by Time magazine
The big picture
Amprius' strong Q1 2026 results highlight its growing commercial reach in both defense and electric mobility sectors. The company's strategic focus on contract manufacturing and high-energy-density silicon anode batteries positions it well to capitalize on the increasing demand for advanced battery technologies. The updated revenue guidance and recent contract wins underscore the company's momentum, but challenges in scaling production and maintaining profitability remain critical watchpoints.
What we're watching
- Execution Risk
- Whether Amprius can sustain its growth trajectory while managing contract manufacturing partnerships and scaling production.
- Market Expansion
- The pace at which Amprius can penetrate new end markets, particularly in light electric vehicles and defense applications.
- Profitability
- How the company's focus on improving gross margins and reducing net loss will impact its path to profitability.