SES AI Corporation (SES) Stock Rises on Q1 2026 Earnings

SES AI Corporation (SES) reported first-quarter 2026 revenue of $6.7 million, up 15.9% year‑over‑year and well above the consensus revenue estimate of $3.7 million.

Margins tightened sharply: gross profit fell to $1.2 million, a decline of 73.3% year‑over‑year, while cost of sales surged to $5.5 million, up 344.7% year‑over‑year.

The company recorded an operating loss of -$17.9 million (down 23.2% YoY) and a net loss attributable to common shareholders of -$12.1 million; diluted EPS was -0.04 versus an estimate of -0.0354.

On the cash and balance sheet side, cash from operations was -$19.8 million, capital expenditures totaled -$330k, cash and cash equivalents stood at $46.9 million (down 16.3% YoY), and total liabilities rose to $50.3 million (up 39.2% YoY).

Top takeaways: revenue growth and a clear beat on the top line.

Margin pressure driven by a large increase in cost of sales and a steep drop in gross profit.

Continued operating and net losses with EPS slightly more negative than expectations.

Balance sheet and liquidity are worth watching—cash of $46.9 million versus liabilities of $50.3 million.

Shares of SES were up 3.28% since market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

SES AI Corporation Insider Trading Activity

SES AI Corporation insiders have traded $SES stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $SES stock by insiders over the last 6 months:

HONG GAN (CHIEF SCIENCE OFFICER) has made 0 purchases and 4 sales selling 500,000 shares for an estimated $1,107,820.
KYLE PILKINGTON (CHIEF LEGAL OFFICER) sold 25,000 shares for an estimated $30,000

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

EARLY ACCESS

Receive SES Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

SES AI Corporation Hedge Fund Activity

We have seen 75 institutional investors add shares of SES AI Corporation stock to their portfolio, and 44 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

TEMASEK HOLDINGS (PRIVATE) LTD removed 9,515,045 shares (-75.1%) from their portfolio in Q4 2025, for an estimated $17,127,081
INVESCO LTD. added 5,788,018 shares (+563.9%) to their portfolio in Q4 2025, for an estimated $10,418,432
TWO SIGMA INVESTMENTS, LP added 3,346,703 shares (+177.0%) to their portfolio in Q4 2025, for an estimated $6,024,065
UBS GROUP AG added 2,872,967 shares (+872.2%) to their portfolio in Q4 2025, for an estimated $5,171,340
RENAISSANCE TECHNOLOGIES LLC added 2,846,642 shares (+3649.5%) to their portfolio in Q4 2025, for an estimated $5,123,955
TWO SIGMA ADVISERS, LP added 2,768,400 shares (+720.4%) to their portfolio in Q4 2025, for an estimated $4,983,120
CITADEL ADVISORS LLC removed 2,364,858 shares (-57.7%) from their portfolio in Q4 2025, for an estimated $4,256,744

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

SES AI Corporation Price Targets

Multiple analysts have issued price targets for $SES recently. We have seen 2 analysts offer price targets for $SES in the last 6 months, with a median target of $12.5.

Here are some recent targets:

Konark Gupta from Scotiabank set a target price of $21.0 on 02/23/2026
Derek Soderberg from Cantor Fitzgerald set a target price of $4.0 on 11/06/2025