SES AI (NYSE: SES) flags Q1 2026 beat, affirms 2026 revenue outlook

Q: What first quarter 2026 revenue does SES (SES) expect?

SES AI expects first quarter 2026 revenue between $6.3 million and $6.5 million . Management notes this preliminary, unaudited range is above published consensus estimates and is driven mainly by ESS product sales to UZ Energy, plus drones and subscription revenue contributions.

Q: What full year 2026 revenue guidance did SES (SES) reaffirm?

SES AI reaffirmed full year 2026 revenue guidance of $30 million to $35 million . This outlook assumes contributions from its three revenue-generating businesses: ESS, drones, and advanced materials, and aligns with the company’s focus on a capex-light commercial model and financial discipline.

Q: Are SES AI’s Q1 2026 financial figures final and audited?

No, SES AI’s Q1 2026 figures are described as preliminary, estimated, and unaudited . They are subject to completion of financial and accounting closing procedures, including audit, and the company notes actual results for the quarter could vary materially from these initial estimates.

Q: Which business units contribute to SES (SES) 2026 revenue guidance?

SES AI’s 2026 revenue guidance of $30 million to $35 million reflects expected contributions from three units: ESS , drones , and advanced materials . Management highlights ESS as its largest near-term revenue driver, with additional growth opportunities across the other businesses.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

SES AI Corporation issued an update with preliminary, unaudited first quarter 2026 revenue expected between $6.3 million and $6.5 million, which it states is above published consensus estimates. The quarter was driven mainly by ESS product revenue from UZ Energy, plus smaller drone and subscription contributions, including about $1.5 million from orders delayed from the fourth quarter of 2025.

The company affirmed its full year 2026 revenue guidance of $30 million to $35 million and highlighted its capex-light business model and three revenue-generating units: ESS, drones and advanced materials. SES AI plans to report full first quarter results and host a conference call on April 23, 2026.

Insights

SES AI pre-announces a Q1 revenue beat and maintains 2026 guidance.

SES AI expects first quarter 2026 revenue of $6.3M–$6.5M, which it notes is above published consensus estimates. Revenue is led by its ESS business with UZ Energy, with additional contributions from drones and subscriptions, including $1.5M of orders shifted from late 2025.

The company is reaffirming full year 2026 revenue guidance of $30M–$35M, supported by three units: ESS, drones and advanced materials. Management reiterates a capex-light approach and has scheduled detailed first quarter results and outlook discussion for April 23, 2026, when audited figures and more granular metrics will be available.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Preliminary Q1 2026 revenue: $6.3M–$6.5M Full year 2026 revenue guidance: $30M–$35M Delayed revenue recognized: $1.5M +1 more

4 metrics

Preliminary Q1 2026 revenue $6.3M–$6.5M Expected first quarter 2026 revenue, above published consensus

Full year 2026 revenue guidance $30M–$35M Affirmed full year 2026 outlook

Delayed revenue recognized $1.5M Revenue from orders delayed from Q4 2025 into Q1 2026

Earnings call time 5:00 p.m. ET First quarter 2026 results call on April 23, 2026

Key Terms

preliminary, estimated, and unaudited, capex-light business model, Molecular Universe platform, forward-looking statements, +1 more

5 terms

preliminary, estimated, and unaudited financial

"The financial results presented in this press release are preliminary, estimated, and unaudited."

capex-light business model financial

"SES AI continues to execute on its capex-light business model and expects to provide additional details"

Molecular Universe platform technical

"continued development of the Molecular Universe platform,” Hu added."

forward-looking statements regulatory

"This press release contains forward-looking statements within the meaning of Section 27A"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

full year 2026 revenue guidance financial

"The Company is affirming its previously issued full year 2026 revenue guidance of $30 million to $35 million"

Earnings Snapshot

Preliminary revenue: $6.3M–$6.5M · Guidance included

Q1 2026

Preliminary revenue $6.3M–$6.5M

Guidance

Affirmed full year 2026 revenue guidance of $30 million to $35 million.

Understanding 8-K Material Events →

04/01/2026 - 07:00 AM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 1, 2026

SES AI CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

001-39845

88-0641865

(State or other jurisdiction

of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

SES AI Corporation

35 Cabot Road

Woburn, MA 01801

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (339) 298-8750

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A common stock, $0.0001 par value per share	SES	The New York Stock Exchange
Warrants, each exercisable for one share of Class A common stock at an exercise price of $11.50 per share	SES WS	The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

Item 2.02Results of Operations and Financial Condition.

On April 1, 2026, SES AI Corporation (the “Company”) issued a press release, attached as Exhibit 99.1, and incorporated herein by reference, providing preliminary unaudited revenue results for the first quarter ended March 31, 2026.

The financial information presented in the press release is preliminary, estimated, and unaudited. Such amounts are subject to the completion and finalization of the Company’s financial and accounting closing procedures, including its audit. They reflect management’s estimates based solely upon information available to management as of the date of the press release. Further information learned during the completion and finalization of such financial and accounting closing procedures may alter the final results. In addition, the preliminary estimates should not be viewed a substitute for full financial statements prepared in accordance with GAAP.

The information contained in this Item 2.02 and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, unless expressly incorporated by specific reference in such filing.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits


Exhibit No.	Description
99.1	Press release dated April 1, 2026
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


	SES AI Corporation

Date: April 1, 2026	By:	/s/ Jing Nealis
	Name:	Jing Nealis
	Title:	Chief Financial Officer

SES AI Provides First Quarter 2026 Business Update

Expects first quarter 2026 revenue of $6.3 million to $6.5 million

Affirms full year 2026 revenue guidance of $30 million to $35 million

Plans to report first quarter 2026 results on April 23, 2026

Woburn, MA (April 1, 2026)––(BUSINESS WIRE)––SES AI Corporation (“SES AI”, the “Company,” “we” or “us”) (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today provided a business update for the first quarter of 2026, including expected revenue for the quarter and affirmed its previously issued full year 2026 revenue guidance.

First Quarter 2026 Business Update

Based on preliminary results, the Company expects first quarter 2026 revenue to be in the range of $6.3 million to $6.5 million, above published consensus estimates. The first quarter revenue is largely due to ESS product revenue from UZ Energy, reflecting continued momentum in the Company’s largest near-term revenue generating business, as well as smaller contributions from drones and subscription revenue. First quarter results also include approximately $1.5 million in revenue from orders that were previously disclosed as having been delayed from the fourth quarter of 2025 due primarily to logistics constraints.

The Company is affirming its previously issued full year 2026 revenue guidance of $30 million to $35 million, with contributions expected from all three revenue generating business units: ESS, drones, and advanced materials. SES AI continues to execute on its capex-light business model and expects to provide additional details on its full year outlook when it reports first quarter results.

Qichao Hu, Founder and CEO of SES AI, commented, “We are pleased to start 2026 with strong momentum in our ESS business. Our first quarter results are expected to come in above expectations, driven by the continued execution of UZ Energy and growing demand for our commercial and industrial energy storage solutions.”

“As we look ahead to the remainder of the year, we are confident in our full year guidance and excited about the pipeline of opportunities across our three revenue generating

businesses. We remain focused on financial discipline, our capex-light model, and creating value for our shareholders through commercial execution and the continued development of the Molecular Universe platform,” Hu added.

First Quarter 2026 Earnings Date and Conference Call

The Company plans to report its first quarter 2026 financial results after market close on Thursday, April 23, 2026. SES AI will hold a conference call at 5:00 p.m. ET on that date to discuss its results and business outlook.

A webcast of the live conference call will be available through SES’s Investor Relations website, https://investors.ses.ai. The following link can be used to register in advance for the call: https://events.q4inc.com/attendee/998500960.

The conference call can also be accessed live over the phone by dialing the following numbers:

United States (Toll Free): 800-715-9871
International: +1 646-307-1963

Access Code: 2990899

A webcast replay will be available shortly after the call at:
https://investors.ses.ai/events-and-presentations/events/default.aspx

About SES AI:

SES AI Corp. (NYSE: SES) is powering the future of global electric transportation on land and in the air with the world’s most advanced Li-Metal batteries. SES AI is the first battery company in the world to accelerate its pace of innovation by utilizing superintelligent AI across the spectrum of its business, from research and development; materials sourcing; cell design; engineering and manufacturing; to battery health and safety monitoring. Founded in 2012, SES AI is an Li-Metal battery developer and manufacturer headquartered in Boston and with operations in Singapore, Shanghai, and Seoul. Learn more at SES.AI.

SES AI may use its website as a distribution channel of material company information. Financial and other important information regarding SES AI is routinely posted on and accessible through the Company’s website at www.ses.ai. Accordingly, investors should monitor this channel, in addition to following SES AI’s press releases, Securities and Exchange Commission filings and public conference calls and webcasts.

The financial results presented in this press release are preliminary, estimated, and unaudited. Such amounts are subject to the completion and finalization of SES’s financial and accounting closing procedures. They reflect management’s estimates based solely upon information available to management as of the date of this press release. Further information learned during that completion and finalization may alter the final results. In addition, the preliminary estimates should not be viewed as a substitute for full annual financial statements prepared in accordance with GAAP. There is a possibility that SES’s financial results for the three months ended March 31, 2026 could vary materially from these preliminary estimates.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “will,” “goal,” “prioritize,” “plan,” “target,” “expect,” “focus,” “look forward,” “opportunity,” “believe,” “estimate,” “continue,” “anticipate,” “project” and “pursue” or the negative of these terms or similar expressions. These statements are based on the beliefs and assumptions of the management of the Company. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Should one or more of a number of known and unknown risks and uncertainties materialize, or should any of our assumptions prove incorrect, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to, among other things, the risk of changes to SES AI’s financial results position resulting from SES AI’s finalization of its financial statements as of and for the three months ended March 31, 2026, risks relating to the Company’s ESS business and the ability of our products to meet customer needs, the risk that the market for the Molecular Universe platform is still emerging, and may not achieve the customer interest or growth potential that SES AI expects; risks relating to the uncertainty of achieving and maintaining profitability; risks relating to the uncertainty of meeting future capital requirements; risks relating to the integration of Shenzhen UZ Energy Co., Ltd. into the business of SES; the market for drones, robotics and air mobility, and for

use of SES technology in such applications, is still emerging and may not achieve the growth potential we expect; potential supply chain difficulties; the ability to obtain raw materials, components or equipment through new or existing supply relationships; our use of artificial intelligence and machine learning may result in legal and regulatory risk; risks resulting from SES’s strategic alliances and investments; product liability and other potential litigation, regulation and legal compliance; SES’s ability to attract, train and retain highly skilled employees and key personnel; risks related to SES’s intellectual property; business, regulatory, political, operational, financial and economic risks related to SES’s business operations outside the United States; SES’s failure to satisfy certain NYSE listing requirements may result in its Class A common stock being delisted from the NYSE, which could eliminate or adversely affect the trading market for SES Class A common stock; the volatility of SES’s common stock and value of SES’s public warrants; SES has, in the past, identified material weaknesses in its internal control over financial reporting and may identify material weaknesses in the future or otherwise fail to maintain an effective system of internal controls and other factors described in our filings with the Securities and Exchange Commission (the “SEC”), including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q and other documents that we have filed, or that we will file, with the SEC. Any forward-looking statements made by us in this press release speak only as of the date on which they are made, and subsequent events may cause these expectations to change. We disclaim any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.

Contacts

For the media: pr@ses.ai

For investors: ir@ses.ai

Source: View Original Filing on SEC EDGAR

FAQ

What first quarter 2026 revenue does SES (SES) expect?

SES AI expects first quarter 2026 revenue between $6.3 million and $6.5 million. Management notes this preliminary, unaudited range is above published consensus estimates and is driven mainly by ESS product sales to UZ Energy, plus drones and subscription revenue contributions.

What full year 2026 revenue guidance did SES (SES) reaffirm?

SES AI reaffirmed full year 2026 revenue guidance of $30 million to $35 million. This outlook assumes contributions from its three revenue-generating businesses: ESS, drones, and advanced materials, and aligns with the company’s focus on a capex-light commercial model and financial discipline.

What drove SES AI’s preliminary Q1 2026 revenue performance?

Preliminary first quarter 2026 revenue was largely driven by ESS product revenue from UZ Energy. SES AI also reported smaller contributions from drones and subscriptions, and about $1.5 million from orders previously delayed from the fourth quarter of 2025 due to logistics constraints.

When will SES (SES) report full Q1 2026 results and hold its call?

SES AI plans to report full first quarter 2026 financial results on April 23, 2026 after market close. The company will host a conference call at 5:00 p.m. ET that day, with a live webcast and replay available via its investor relations website.

Are SES AI’s Q1 2026 financial figures final and audited?

No, SES AI’s Q1 2026 figures are described as preliminary, estimated, and unaudited. They are subject to completion of financial and accounting closing procedures, including audit, and the company notes actual results for the quarter could vary materially from these initial estimates.

Which business units contribute to SES (SES) 2026 revenue guidance?

SES AI’s 2026 revenue guidance of $30 million to $35 million reflects expected contributions from three units: ESS, drones, and advanced materials. Management highlights ESS as its largest near-term revenue driver, with additional growth opportunities across the other businesses.

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EX-99.1 16.8 KB

SES AI (NYSE: SES) flags Q1 2026 beat, affirms 2026 revenue outlook

Rhea-AI Filing Summary

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