Filing Flows › SES AI (SES) › Q2 2026
SES AI (SES) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
SES AI (SES) reported revenue of $5.1M for the second quarter 2026 (Q2 2026), +44% from a year earlier and -24% from the quarter before. Operating margin was -378.5%, net loss $17.9M (353.0% of revenue).
SES AI, Q2 2026: revenue $5.1M (+44% year over year), operating margin -378.5%, net loss $17.9M, operating cash flow −$13.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.1M | -24% | +44% |
| Operating profit | −$19.2M | — | — |
| Net earnings | −$17.9M | — | — |
| Operating cash flow | −$13.8M | — | — |
What changed
Revenue was $5.1M in Q2 2026, up 44% year over year and down 24% from the previous quarter. Product was the largest line at 100% of revenue. Service declined 100%.
Gross margin was 22.6%, down 51.1 points from Q2 2025. Operating costs exceeded revenue by $19.2M, an operating margin of -378.5%. Operating expenses fell 21% while revenue rose 44%. The fastest-growing cost line was General & admin (+38%). The quarter ended with a net loss of $17.9M, wider than the previous quarter's $12.1M loss.
Operating cash flow was −$13.8M. Non-cash charges added back $2.7M of depreciation and amortization and $2.0M of share-based compensation. Capital expenditures of $656K exceeded it, leaving free cash flow of −$14.5M.
Questions
What was SES AI's revenue in the second quarter 2026?
SES AI (SES) reported revenue of $5.1M for the second quarter 2026 (Q2 2026), +44% from a year earlier and -24% from the quarter before.
Was SES AI profitable in the second quarter 2026?
Operating loss was $19.2M (-378.5% of revenue) and net loss $17.9M.
Source: SES AI 10-Q on SEC EDGAR.