SES-WT · SES AI Corporation

SES AI Corporation provided preliminary unaudited Q1 2026 revenue results of $6.3 million to $6.5 million, explicitly stated to be above published consensus estimates, signaling stronger-than-expected performance early in the year. This revenue is driven largely by ESS product revenue from UZ Energy, SES's largest near-term revenue generating business, reflecting continued momentum in commercial and industrial energy storage solutions. Smaller contributions came from drones and subscription revenue, with an additional $1.5 million from orders previously delayed from Q4 2025 primarily due to logistics constraints. The company affirmed its prior full year 2026 revenue guidance of $30 million to $35 million, expecting contributions from all three revenue units: ESS, drones, and advanced materials. Management emphasized execution on a capex-light business model and financial discipline, with CEO Qichao Hu noting strong ESS momentum and confidence in the full year outlook amid a growing pipeline of opportunities. These preliminary figures are subject to change upon finalization of financial closing procedures and are not a substitute for GAAP financial statements. SES plans to release full Q1 results after market close on April 23, 2026, followed by a conference call, providing investors further visibility into detailed results, business drivers, and outlook refinements. The update underscores SES's focus on commercial execution and AI-enhanced battery development across its global operations.