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
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
A comparable price-assumption read is not available for this company.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Model as of 2026-09-04 · Compared with 32 industry peers
QS — M&A activity — Termination of a Material Definitive Agreement
Dated 2026-07-22
Termination of a Material Definitive Agreement. Statement of Work No. 1, previously disclosed as part of the Collaboration Agreement filed as Exhibit 10.1 to the Current Report on Form 8-K filed on July 23, 2025, was terminated effective as of July 16, 2026, and replaced by terms of the Amendment. Any outstanding obligations invoiced to PowerCo under the Collaboration Agreement to date remain due and payable to the Company.
Why it matters: Progress in this area could create new ways to earn money. It shows the technology can adapt.
Watch forQSDC announces a big contract or partnership with a customer from an AI data center.
Also watch forNo big updates or contracts are announced. This shows slower progress in this market.
Why it matters: Keeping losses within guidance shows good financial control. It also shows stable operations.
Supportive ifQ3 Adjusted EBITDA loss reported at or below $70M.
Worry ifQ3 Adjusted EBITDA loss is over $70M. This shows financial pressure.
Why it matters: New partnerships would prove the technology works. They would also help reach more customers in cars.
Supportive ifA new partnership is announced. It is with another Top-10 car maker, besides Honda.
Worry ifNo new partnerships are announced. This shows slow progress in the car market.
Why it matters: New partnerships would show success in entering valuable markets beyond cars.
Supportive ifA new partnership was announced with a major AI data center customer.
Worry ifNo new partnerships were announced. This shows slower market growth.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$281 on $10,000 · ±2.8% | How much price usually moves either way. |
| Bad day | $803 loss on $10,000 · 8.0% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $7,348 loss on $10,000 · 73.5% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: The Honda partnership is a major step for QS in automotive markets. Progress can boost credibility.
Supportive ifThere are new milestones or updates in the Honda partnership.
Worry ifNo updates or delays in the partnership timeline.
Why it matters: The earnings report will show if losses continue or improve. It is key for investor confidence.
Worry ifReported revenue shows a smaller loss than the previous quarter.
Less concerning ifRevenue loss worsens compared to the previous quarter.
Why it matters: Doing well in this market could bring in more money. It may also prove QS technology works outside cars.
Supportive ifEngagement with at least two new AI data center customers by Q4 2026.
Worry ifNo new customer engagements in the AI data center market by Q4 2026.
Why it matters: Growth in the Consumer Discretionary sector may show a recovery. This could help QuantumScape.
Supportive ifThe Consumer Discretionary sector has positive revenue growth for the first time in three years.
Worry ifSector revenue growth is still negative for another quarter.
Why it matters: Rising customer billings show more demand for QS technology. This means strong partnerships.
Supportive ifCustomer billings in Q3 are over $12M. This shows more customer engagement.
Worry ifCustomer billings fall below $10M, suggesting weak demand.
Why it matters: The Eagle Line is key for scaling battery production. Higher output can meet customer demand.
Supportive ifEagle Line cell output doubles in the second half of 2026.
Worry ifEagle Line output fails to increase or production targets are missed.