Jun 2026 (Q2 FY26) — Aug 11, 2026
SES AI Q2 FY26 — Strong Revenue Growth and Strategic Milestones in ESS and Drones
Read the full callSES AI (SES) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
SES AI earnings: last reported Tue, 11 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 5.1 | +43.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -378.5 | +273.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -17.9 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$0.71 −19.32% · −$0.17
Performance −79.9% 1Y
1Y: $3.54 on 15 Oct 2025 → $0.71. High $3.54 (15 Oct 2025), low $0.5 (24 Jul 2026).
- Previous close
- $0.88
- 52-week range
- $0.5 – $3.54
- One year
- −77.39%
Overview
- Symbol
- SES
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
SES AI earnings calls (SES)
Financials
What the filings say
Net profit, year on year: +21% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | — | — | 6 | 4 | 7 | 5 | 7 | 5 |
| Operating profit | -34 | -29 | -23 | -23 | -19 | -18 | -18 | -19 |
| Operating margin | — | — | −401.7% | −652.3% | −262.0% | −387.7% | −266.3% | −378.5% |
| Other income | 4 | -6 | 11 | 1 | -2 | 0 | 6 | 1 |
| Profit before tax | -30 | -35 | -12 | -22 | -21 | -17 | -12 | -18 |
| Tax rate | −0.5% | 0.7% | −0.0% | −3.0% | 0.5% | 1.9% | −3.5% | −0.7% |
| Net profit | -30 | -35 | -12 | -23 | -21 | -17 | -12 | -18 |
| EPS ($ per share) | -0.09 | — | -0.04 | -0.07 | -0.06 | — | -0.04 | -0.05 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | — | 0 | 0 | 0 | 0 | 0 |
| Reserves | -0 | -94 | -145 | -199 | -299 | -372 |
| Total liabilities | 1 | 12 | 49 | 48 | 51 | 58 |
| Fixed assets | — | 12 | 28 | 38 | 38 | 29 |
| Total assets | 1 | 193 | 440 | 407 | 330 | 273 |
| Line item | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Cash from operations | -11 | -30 | -46 | -56 | -66 | -58 |
| Cash from investing | -13 | 3 | -296 | 33 | 108 | -39 |
| Cash from financing | 1 | 185 | 290 | 3 | 1 | -2 |
| Net cash flow | -23 | 158 | -53 | -21 | 42 | -99 |
| Capital expenditure | -1 | -9 | -15 | -16 | -12 | -3 |
| Free cash flow | -12 | -39 | -61 | -72 | -78 | -61 |
Insider filings
34 filings between Nov 17, 2025 and Oct 5, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$1.17M
6 sales by 2 insiders
100% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 8
- Award — granted as compensation
- 5
- Option exercise — converted options into shares
- 15
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Gan Hong | — | $1.11M | Jan 23, 2026 |
| Pilkington Kyle | — | $60.0K | May 22, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 5, 2026 | Diemer Paul Director | Award | 320,000 | $0 |
| Sep 1, 2026 | Xu Kang CHIEF TECHNOLOGY OFFICER | Tax withheld | 35,198 | $18.4K |
| May 22, 2026 | Pilkington Kyle CHIEF LEGAL OFFICER | Sale 10b5-1 plan | 25,000 | $30.0K |
| May 18, 2026 | Luo Eric Director | Award | 141,593 | $0 |
| May 18, 2026 | Liu Yi Ray CHIEF FINANCIAL OFFICER | Award | 331,858 | $0 |
| May 18, 2026 | Boyd Andrew J Director | Award | 141,593 | $0 |
| May 18, 2026 | Hu Qichao CEO & CHAIRMAN | Award | 1,504,425 | $0 |
| May 18, 2026 | Pilkington Kyle CHIEF LEGAL OFFICER | Award | 353,982 | $0 |
| May 18, 2026 | Ma Jiong Director | Award | 141,593 | $0 |
| May 18, 2026 | Xu Kang CHIEF TECHNOLOGY OFFICER | Award | 221,239 | $0 |
| Apr 14, 2026 | Hu Qichao CEO & CHAIRMAN | Tax withheld | 133,303 | $146.6K |
| Apr 14, 2026 | Pilkington Kyle CHIEF LEGAL OFFICER | Tax withheld | 25,185 | $27.7K |
| Apr 14, 2026 | Nealis Jing CHIEF FINANCIAL OFFICER | Tax withheld | 36,145 | $39.8K |
| Apr 14, 2026 | Gan Hong CHIEF SCIENCE OFFICER | Tax withheld | 32,138 | $35.4K |
| Mar 27, 2026 | Gan Hong CHIEF SCIENCE OFFICER | Tax withheld | 74,682 | $73.7K |
| Mar 27, 2026 | Xu Kang CHIEF TECHNOLOGY OFFICER | Tax withheld | 39,593 | $39.1K |
| Mar 27, 2026 | Nealis Jing CHIEF FINANCIAL OFFICER | Tax withheld | 163,968 | $161.9K |
| Mar 27, 2026 | Hu Qichao CEO & CHAIRMAN | Tax withheld | 310,446 | $306.5K |
| Mar 27, 2026 | Pilkington Kyle CHIEF LEGAL OFFICER | Tax withheld | 60,452 | $59.7K |
| Mar 9, 2026 | Pilkington Kyle CHIEF LEGAL OFFICER | Sale 10b5-1 plan | 25,000 | $30.0K |
| Feb 9, 2026 | Pilkington Kyle CHIEF LEGAL OFFICER | Tax withheld | 56,074 | $111.6K |
| Feb 9, 2026 | Nealis Jing CHIEF FINANCIAL OFFICER | Tax withheld | 110,231 | $219.4K |
| Feb 9, 2026 | Hu Qichao CEO & CHAIRMAN | Tax withheld | 267,934 | $533.2K |
| Feb 9, 2026 | Gan Hong CHIEF SCIENCE OFFICER | Tax withheld | 63,290 | $125.9K |
| Feb 6, 2026 | Xu Kang CHIEF TECHNOLOGY OFFICER | Tax withheld | 35,063 | $65.9K |
| Jan 23, 2026 | Gan Hong CHIEF SCIENCE OFFICER | Sale 10b5-1 plan | 100,000 | $250.3K |
| Jan 23, 2026 | Gan Hong CHIEF SCIENCE OFFICER | Option exercise 10b5-1 plan | 100,000 | $16.0K |
| Jan 22, 2026 | Gan Hong CHIEF SCIENCE OFFICER | Option exercise 10b5-1 plan | 150,000 | $24.0K |
| Jan 22, 2026 | Gan Hong CHIEF SCIENCE OFFICER | Sale 10b5-1 plan | 150,000 | $374.4K |
| Dec 15, 2025 | Gan Hong CHIEF SCIENCE OFFICER | Sale 10b5-1 plan | 100,000 | $197.9K |
| Dec 15, 2025 | Gan Hong CHIEF SCIENCE OFFICER | Option exercise 10b5-1 plan | 6,723 | $1.1K |
| Dec 15, 2025 | Gan Hong CHIEF SCIENCE OFFICER | Option exercise 10b5-1 plan | 93,277 | $14.0K |
| Nov 17, 2025 | Gan Hong CHIEF SCIENCE OFFICER | Sale 10b5-1 plan | 150,000 | $285.2K |
| Nov 17, 2025 | Gan Hong CHIEF SCIENCE OFFICER | Option exercise 10b5-1 plan | 150,000 | $22.5K |
| Sep 8, 2025 | Boyd Andrew J Director | Award | 296,296 | $0 |
| Sep 3, 2025 | Xu Kang CHIEF TECHNOLOGY OFFICER | Tax withheld | 39,238 | $42.8K |
| Aug 18, 2025 | Nealis Jing CHIEF FINANCIAL OFFICER | Tax withheld | 15,691 | $16.9K |
| Aug 8, 2025 | Pilkington Kyle CHIEF LEGAL OFFICER | Tax withheld | 5,452 | $6.2K |
| Jul 16, 2025 | Nealis Jing CHIEF FINANCIAL OFFICER | Tax withheld | 15,691 | $15.4K |
| Jun 16, 2025 | Nealis Jing CHIEF FINANCIAL OFFICER | Tax withheld | 15,691 | $15.0K |
| May 16, 2025 | Nealis Jing CHIEF FINANCIAL OFFICER | Tax withheld | 15,691 | $14.7K |
| Apr 18, 2025 | Nealis Jing CHIEF FINANCIAL OFFICER | Tax withheld | 37,825 | $25.9K |
| Apr 18, 2025 | Hu Qichao CEO & CHAIRMAN | Tax withheld | 90,038 | $61.7K |
| Apr 18, 2025 | Gan Hong CHIEF SCIENCE OFFICER | Tax withheld | 41,294 | $28.3K |
| Apr 18, 2025 | Pilkington Kyle CHIEF LEGAL OFFICER | Tax withheld | 4,558 | $3.1K |
| Apr 17, 2025 | Nealis Jing CHIEF FINANCIAL OFFICER | Tax withheld | 15,691 | $10.1K |
| Apr 17, 2025 | Pilkington Kyle CHIEF LEGAL OFFICER | Tax withheld | 25,293 | $15.7K |
| Apr 17, 2025 | Nealis Jing CHIEF FINANCIAL OFFICER | Tax withheld | 35,410 | $22.0K |
| Apr 17, 2025 | Hu Qichao CEO & CHAIRMAN | Tax withheld | 134,866 | $83.8K |
| Apr 17, 2025 | Gan Hong CHIEF SCIENCE OFFICER | Tax withheld | 30,926 | $19.2K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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