Key Highlights

  • Record third-quarter Revenue of USD 39.1 million rose 83% from USD 21.4 million a year earlier and 15% from the prior quarter, per the release dated November 10, 2026.
  • Gross profit rose 217% to USD 10.5 million from USD 3.3 million, and GAAP gross Margin widened to 27% from 15% in the third quarter of 2025.
  • The net loss attributable to common stockholders narrowed to USD 3.5 million, or USD 0.02 per share, from USD 3.9 million, or USD 0.03, while adjusted EBITDA was negative USD 1.0 million.
  • The company raised its 2026 revenue outlook to USD 145 million from at least USD 140 million, and now expects a full-year gross margin of at least 28%.

Record Revenue and a Wider Gross Margin Lead the Quarter

Amprius Technologies (NYSE:AMPX) reported third-quarter 2026 results in a release dated November 10, 2026, with revenue of USD 39.1 million against USD 21.4 million in the same quarter of 2025. Gross Profit increased by USD 7.2 million, which lifted the GAAP gross margin to 27%. The net loss attributable to common stockholders was USD 3.5 million, a USD 0.4 million improvement, equal to a net margin of negative 9% versus negative 18%. The company makes silicon anode lithium-ion batteries for drones, aviation, defense and advanced mobility,, using contract manufacturers. Adjusted EBITDA, a non-GAAP measure, was negative USD 1.0 million compared with positive USD 0.2 million a year earlier.

Raised Outlook Points to Profit Targets for the Full Year

Management raised its 2026 revenue outlook to USD 145 million, the third consecutive quarter in which the outlook has been increased, according to the CEO on the call. The company also expects a full-year net loss below USD 10 million, a net loss per share under USD 0.07, adjusted EBITDA of at least USD 2.5 million and Capital Expenditure below USD 10 million. That net loss figure includes a USD 1.9 million non-cash Fair Value charge from a Warrant exchange in the second quarter. With adjusted EBITDA negative this quarter, the year-end target implies a stronger fourth quarter, which is our reading of the guidance, not a company statement.

USD 75 Million Defense Contract, SiCore 500 and Regional Mix

The company said it won a competitive USD 75 million contract from the U.S. Department of War to convert an existing battery line to produce up to 12 million cells a year that meet domestic sourcing rules, with USD 22.3 million obligated so far and output planned for 2028. On the call, management said the conversion project is expected to cost about USD 100 million including in-kind Investment from Amprius. It also introduced SiCore 500, a cell rated at 500 watt hours per kilogram, and said it plans to ship it to high-altitude platform customers in the fourth quarter. U.S. revenue was USD 12.2 million, about 31% of the total, while Europe remains the largest market at nearly 60%, management said. The company flagged Supply chain disruption and cost Inflation as risks to its outlook.

Where Things Stand

Gross profit rose 217% because revenue grew 83% while the gross margin widened to 27% from 15%, so profit outpaced sales. Amprius Technologies (NYSE:AMPX) still lost USD 3.5 million and posted negative adjusted EBITDA, yet it lifted its revenue outlook to USD 145 million and set a full-year adjusted EBITDA target of at least USD 2.5 million. The gap between that target and the third-quarter result is the key test. Watch the fourth-quarter shipments of SiCore 500, the pace of U.S. contract obligations beyond USD 22.3 million, and whether margin reaches the 28% full-year floor.