SES AI Corporation (SES) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the SPS Half Year 2036 Conference Call. For the first part of the conference call, the participants will be in listen-only mode. During the question and answer session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. I will now hand over the conference to Christian Kern, Head of Investor Relations. Please go ahead, sir. Thank you, Guy Yang. Good morning, everyone, and thank you for joining us today. It is my pleasure to welcome you to SES' first half 2026 results call on behalf of our management team. Before proceeding with the management presentation, we would like to inform you that the financial information contained in this document have been prepared under international financial reporting standards. As usual, this presentation may contain announcements that constitute forward-looking statements, which are not guarantees for future business performance and involve risk as well as uncertainties. Also, certain results may materially differ from those in these forward-looking statements due to several factors. We invite you to read the detailed disclaimer on slide 2 of this presentation. The presentation is also available on our company webpage. Today, I'm joined by our CEO, Adel Asaleh, and our CFO, Lisa Pataki, who will take you through the presentation followed by a Q&A session. Adel, without further ado, over to you now. Very good. Thank you, Christian. Good morning, everyone. First half of the year performance is in line with our expectations. Although Q2 performance was softer than expected, mainly due to the timing of a couple of contract awards, the fundamentals of the business remained strong. supporting our confidence in the year ahead and our reiterated 2026 financial outlook. We also showed continued p...