Ses Ai Corporation · NYSE:SES
Ses Ai — Q2 2026 Earnings Presentation
13 slides from Ses Ai's earnings presentation, Aug 11, 2026
Slide 1: Letter to Our Shareholders
LETTER TO OUR SHAREHOLDERS @SES Q2 2026
Slide 2: Dear Shareholders
Dear Shareholders, Ark as a certified battery partner, and we appointed Paul Diemer, former CTO of Flex Power, to our board to help guide our ESS SES is solving two of the most difficult challenges in energy strategy. We continue to build out a stellar team with experience at storage: accelerating p
Slide 3: Building a Robust Supply Chain – Drones & Unmanned Systems
residential batteries for their closed-loop compatibility with its hybrid inverters. We believe this certification with Sol-Ark will 2 Building a Robust Supply Chain – Drones & Unmanned Systems greatly accelerate the growth of UZ’s revenue growth in the US, On drones and unmanned systems, we expect
Slide 4: Accelerating Product Development Using AI4Materials – Molecular Universe
than a toolkit. Very few enterprise customers would allow their proprietary data to leave their premises or be used to train external models. It requires a fully secured, on-premises integration of domain expertise, experimental data, and computational chemistry simulations in a full-stack solution.
Slide 5: Financial Highlights
While some investors may be underestimating Molecular Universe, first quarter of 2026. The improvement was primarily driven by our especially when viewed purely through the lens of near-term ESS products, where we saw a higher mix of international sales monetization, we believe that over the next 3
Slide 6: 2026 Financial Outlook
loss was primarily due to slightly lower revenue in the second 2026 Financial Outlook quarter and the bad-debt provision mentioned earlier. For full-year 2026, we are reaffirming our revenue guidance of $30 Looking ahead, we expect our net loss to narrow in the second half million to $35 million. We
Slide 7: Condensed Consolidated Balance Sheets
SES AI Corporation Condensed Consolidated Balance Sheets (Unaudited) (in thousands, except share and per share amounts) June 30, 2026 December 31, 2025 Assets Current Assets Cash and cash equivalents $ 64,136 $ 29,541 Short-term investments 98,862 170,091 Accounts receivable 7,749 4,783 Inventories
Slide 8: Condensed Consolidated Statements of Operations and Comprehensive Loss
SES AI Corporation Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) Three Months Ended June 30, Six Months Ended June 30, (in thousands, except share and per share amounts) 2026 2025 2026 2025 Revenue from contracts with customers: Revenue $ 5,072 $ 3,527 $ 11,783 $
Slide 9: Condensed Consolidated Statements of Cash Flows
SES AI Corporation Condensed Consolidated Statements of Cash Flows (Unaudited) Six Months Ended June 30, (in thousands) 2026 2025 Cash Flows From Operating Activities Net loss $ (30,003) $ (35,083) Adjustments to reconcile net loss to net cash used in operating activities: Gain from change in fair v
Slide 10: Supplemental Non-GAAP Information
SES AI Corporation – Supplemental Non-GAAP Information (Unaudited) GAAP Non-GAAP (in thousands, except per share amount) Q2 2026 Q2 2025 Q1 2026 Q2 2026 Q2 2025 Q1 2026 Revenue 5,072 3,527 6,711 5,072 3,527 6,711 Gross profit 1,147 2,600 1,215 1,151 2,709 1,225 Gross margin 22.6% 73.7% 18.1% 22.7% 7
Slide 11: Supplemental Non-GAAP Information (continued)
Interest income 1,470 2,367 1,696 3,166 9,338 15,036 Net loss (Non-GAAP) (13,116) (15,300) (11,098) (24,214) (53,220) (66,448) Weighted-average shares outstanding 336,324,962 331,732,000 332,840,425 332,840,425 330,917,166 321,824,143 EPS GAAP (0.05) (0.07) (0.04) (0.09) (0.22) (0.31) EPS Non-GAAP (
Slide 12: Forward-Looking Statements Non-GAAP Financial Measures
Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertaintie
Slide 13: Definitions
We use these non-GAAP measures to supplement our financial reporting and to evaluate ongoing operations and results, facilitate internal planning and forecasting, and assess performance against prior periods, industry peers, and the broader market. These non-GAAP measures are not prepared in accorda