QuantumScape announces Honda solid-state battery partnership and lowers 2026 capex guidance
QuantumScape announced on June 18 a multi-year partnership with Honda to advance solid-state lithium-metal battery technology for automotive applications. The company also lowered its full-year 2026 capital expenditure guidance to between $27M and $37M, reflecting capital discipline and cost savings, while reiterating Adjusted EBITDA loss guidance of between $250M and $275M. In the second quarter, QuantumScape reported $10.8M in customer billings, $106.1M in GAAP operating expenses, and ended with $859.0M in liquidity.
- Honda partnership announced June 18, described as multi-year agreement for solid-state lithium-metal battery technology in automotive and other applications
- Full-year 2026 capex guidance lowered to between $27M and $37M
- Full-year 2026 Adjusted EBITDA loss guidance reiterated at between $250M and $275M
- Q2 customer billings: $10.8M
- Q2 GAAP operating expenses: $106.1M
- Q2 GAAP net loss: $98.2M
- Q2 Adjusted EBITDA loss: $64.2M
- Q2 capital expenditures: $4.6M
- End of Q2 liquidity: $859.0M
- Eagle Line core tools showing uptime greater than 90%, company aims to double cell output in second half of 2026
The Honda partnership—with a Top-10 global automaker and following rigorous assessment—marks QuantumScape's most significant automotive customer engagement to date and validates its solid-state battery technology at scale; combined with the capex reduction, the moves signal production progress on the Eagle Line pilot while disciplining near-term spending despite ongoing operating losses.
Derived from 8-K filed 2026-07-22. Not investment advice. Figures are extracted from the filing; prose is AI-assisted. View the source filing on SEC.gov →