Holme Timothy sold $382K of QS

QuantumScape (QS), a solid-state battery developer, focuses on EVs and AI, with partnerships from Volkswagen and Honda. It aims for commercialization by 2029 but faces production and funding challenges. QS has $800M in cash, with projected 2026 EBITDA loss of $250M-$275M. The stock fell from a 2025 high of $19.07 to around $4.77.

QuantumScape (QS) reported no GAAP revenue and a $98M Q2 net loss, while SoundHound AI (SOUN) delivered $62M in revenue, up 45%. Both have similar market caps and are down 30-45% YTD. SoundHound raised its FY2026 revenue outlook to $230-260M. QuantumScape's commercialization is expected in 2029.

Honda said it will commercialize solid-state lithium-metal batteries through a partnership with US battery developer QuantumScape, co-developing cells and scalable manufacturing. The move follows Honda’s cancellation of North American launches of three EV models and its first annual loss in about 75 years. Honda expects gains in range, charging, cost and safety, citing technical advantages in evaluations.

QuantumScape (NYSE:QS) fell about 14% to $5.03 after its Q2 2026 results, despite a narrower-than-expected net loss of ~$98 million ($0.16/share vs est. $0.1781). It reaffirmed 2026 adjusted EBITDA loss guidance of $250 million to $275 million and trimmed capex to $27 million to $37 million. Honda partnership and defense/AI milestones did not prevent selling; Solid Power (NASDAQ:SLDP) and SES AI (NYSE:SES) also dropped.

QuantumScape reported a narrower-than-expected Q2 2026 loss of $0.16 per share versus $0.18 expected, with GAAP net loss down to $98.24 million and operating expenses down to $106.13 million. The company said liquidity was $859 million, capex guidance was cut to $27-$37 million, and pilot line utilization exceeded 90% after a Honda partnership. Shares fell about 13% to €4.36.

QuantumScape (NYSE:QS) shares fell about 14% after its Q2 2026 results, despite a narrower net loss of about $98 million, or $0.16 per share, versus an expected $0.1781 loss. The company reaffirmed 2026 adjusted EBITDA loss guidance of $250 million to $275 million and said it trimmed capex to $27 million to $37 million. Solid Power (SLDP) and SES AI (SES) also dropped.