Amprius Technologies, Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $34.0 million for the three months ended June 30, 2026, a 126% increase from $15.1 million in the same period last year. For the first half of 2026, revenue totaled $62.6 million, up 137% from $26.4 million in the prior year. This surge in revenue was primarily driven by increased sales of the company's SiCore batteries, reflecting a growing customer base and higher order volumes. Despite the revenue growth, the company reported a net loss of $3.2 million for the quarter, a 50% improvement compared to a net loss of $6.4 million in the same quarter of 2025.
The company's operational metrics also showed notable changes. Amprius's gross profit for the second quarter was $9.3 million, compared to $1.3 million a year earlier, resulting in a gross margin of 27%, up from 9%. The increase in gross profit was attributed to higher sales volumes and an improved product mix. However, operating expenses rose significantly, with research and development costs increasing by 90% to $4.1 million, and selling, general, and administrative expenses climbing 58% to $9.5 million, reflecting the company's investment in scaling operations and expanding its workforce.
In terms of strategic developments, Amprius has been actively expanding its manufacturing capabilities. The company has entered into supply agreements with global contract manufacturers and is part of the Amprius Korea Battery Alliance, which collectively provides access to over 2.0 GWh of annual production capacity for SiCore batteries. Additionally, Amprius is expanding its Fremont, California facility to enhance its pilot line capacity to 10 MWh, supported by a contract with the U.S. Department of Defense's Defense Innovation Unit, which has been amended to increase funding to $18.1 million.
As of June 30, 2026, Amprius had cash and cash equivalents of $74.5 million, which the company believes will be sufficient to fund its operations for at least the next twelve months. The company has also been proactive in managing its capital structure, with a total of 9.3 million public warrants outstanding, which could provide additional cash if exercised. However, Amprius continues to face challenges, including the need for further capital to support its growth and the potential impact of geopolitical tensions on its supply chain and market conditions.
Looking ahead, Amprius Technologies anticipates continued investment in research and development to enhance its battery technology and expand its market presence. The company is focused on improving battery performance and scaling production to meet increasing demand, while also navigating the complexities of a competitive landscape and potential regulatory changes. The outlook remains cautiously optimistic, with expectations of further revenue growth and operational improvements as the company leverages its technological advancements and strategic partnerships.
About Amprius Technologies, Inc.
Amprius Technologies, Inc. develops and manufactures high-performance lithium-ion batteries featuring proprietary silicon anode technology for mobility applications, including aviation, electric vehicles, and light electric vehicles. Its SiCore and SiMaxx battery platforms offer superior energy density, power, and fast charging compared to conventional graphite batteries. Serving aerospace, defense, and emerging electric transportation markets, Amprius leverages patented silicon nanowire anodes and scalable manufacturing to deliver lightweight, durable batteries optimized for demanding environments.
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