SES AI Corporation.

SES AI Corporation develops and manufactures AI-powered lithium-metal and lithium-ion rechargeable battery technologies for applications including electric vehicles, urban air mobility, drones, robotics, battery energy storage systems, and other advanced energy solutions.

• Recent Highlights- SES AI released Molecular Universe 2.5, expanding its AI-powered battery discovery platform to support both lithium and sodium chemistries while enhancing capabilities across material search, formulation, design, prediction, and manufacturing. The company continues accelerating commercialization through advanced customer testing programs. 

• A leading global battery manufacturer signed a multi-year enterprise subscription for SES AI’s Molecular Universe platform, validating its commercial potential and growing industry adoption. Meanwhile, approximately six customers progressed to second-phase testing of AI-discovered electrolyte materials, strengthening future commercialization opportunities.

• SES AI reported first quarter 2026 revenue of $6.7 million, representing a 47% increase from $4.6 million in the previous quarter, while reaffirming full-year revenue guidance of $30 million to $35 million across its three revenue-generating business units. 

• The company signed a distribution agreement with ATG EPower valued at approximately $20 million over 3 years, expanding its Energy Storage Systems business into North America and providing access to residential, commercial, and industrial customer segments. 

• SES AI completed conversion of its South Korea manufacturing line to drone-format pouch cells and expects annual production capacity exceeding 1 million cells, while shipping NDAA-compliant products for evaluation by defense and commercial drone customers globally. 

• First-quarter GAAP gross margin improved to 18.1% from 11.3% in the fourth quarter of 2025, while non-GAAP gross margin increased to 18.3%, reflecting stronger Energy Storage Systems performance and higher-margin subscription revenue contributions. 

• SES AI ended the first quarter with approximately $178 million in liquidity after utilizing around $20 million in operating cash, while maintaining expectations for a 15% reduction in full-year operating expenses through disciplined cost management.

Acrobull Recommendation Based on Evaluation