QuantumScape Corp (QS)
NASDAQConsumer DiscretionaryAuto - PartsSnapshot 2026-09-04
$5.48+0.55%
Close 2026-09-04 · 1-day change
NASDAQConsumer DiscretionaryAuto - PartsSnapshot 2026-09-04
QuarterlyIQ Insights · QS
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within consumer discretionary on a research-validated quality screen. As of 2026-09-04.
The screen ranks QS against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated weak grew net income 56% of the time over the next year (vs 53% for the rest of the cohort, n=5213).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue development and joint activities with multiple Top-10 automotive OEMs including Honda and Volkswagen PowerCo to commercialize solid-state lithium-metal battery technology.
Stated as a priority in 2 of last 2 quarters. Management emphasized advancing commercialization with multiple Top-10 OEMs including a new partnership with Honda and ongoing work with Volkswagen PowerCo and others. While no revenue is reported, customer billings were $10.8M in Q2 and $11.0M in Q1 reflecting ongoing customer engagement. The trajectory shows continued progress in automotive commercialization efforts.
“We have taken a major step forward on automotive customer engagement: partnership with Honda and ongoing collaborations with Volkswagen PowerCo and other Top-10 OEMs.”
“We continue to work through our two JDAs with Top-10 global automotive OEMs and shipped cells to an automotive JDA partner for testing.”
Ramp up production volumes and improve process stability on the Eagle Line pilot production line to support customer sample shipments and scale manufacturing.
Stated as a priority in 2 of last 2 quarters. Management reports Eagle Line uptime above 90% and ongoing ramp of cell volumes with customer sample shipments. The plan to double output in H2 2026 indicates progress. Operational metrics and customer shipments support delivery on this priority.
“Core tools are showing uptime greater than 90%, key productivity metrics hitting targets, ramping cell volumes and shipping samples.”
Develop and commercialize solid-state battery solutions for AI data centers, aerospace, defense, and other advanced applications through dedicated business verticals.
Stated as a priority in 2 of last 2 quarters. Management has established dedicated verticals for AI data centers and aerospace/defense, shipped cells to a major defense prime, and engaged multiple customers. While financial impact is not separately reported, these activities indicate ongoing expansion efforts.
“We are establishing QSDC for AI data centers and QSAS for aerospace and defense, shipping cells to a major American defense prime.”
Manage operating expenses and efficiencies to achieve Adjusted EBITDA loss within the guided range of $250M to $275M for full-year 2026.
Stated as a priority in 2 of last 2 quarters. Management reiterated full-year 2026 Adjusted EBITDA loss guidance of $250M to $275M. Q2 Adjusted EBITDA loss was $64.2M, consistent with Q1's $63.2M, indicating stable operating performance. The trajectory is delivering within guided ranges.
Control capital spending to remain within the full-year 2026 capex guidance range of $40 million to $60 million.
Stated as a priority in 2 of last 2 quarters. Management reiterated full-year 2026 capex guidance of $40M to $60M in Q1, then lowered it to $27M to $37M in Q2 reflecting capital discipline. Q2 capex was $4.6M, down from $10.0M in Q1. The trajectory shows active cost control and capital discipline.
Over the trailing year it converted 0.52x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
11 material management or governance events in the past 24 months, led by M&A activity. Historically, Consumer Discretionary names rated neutral grew net income 48% of the time over the next year (vs 53% for the rest of the cohort, n=2538).
Not investment advice. As of 2026-09-04.
“Eagle Line installation completed, producing initial QSE-5 cell volumes, improving uptime, throughput, and process stability.”
“We are ramping up engagements in new markets including AI data centers and defense, highlighting supply chain benefits and customer interest.”
“For full-year 2026, we reiterate our Adjusted EBITDA loss guidance of between $250M and $275M.”
“For full-year 2026, we reiterate our Adjusted EBITDA loss guidance of between $250M and $275M.”
“For full-year 2026, we lower our guidance for capex to between $27M and $37M, reflecting capital discipline and cost savings.”
“For full-year 2026, we reiterate our capex guidance of between $40M and $60M.”