QuantumScape Corporation (QS)
QuantumScape is a technology company racing to develop solid-state batteries that could help electric vehicles charge faster and drive further.
Is QuantumScape Corporation a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Pioneering technology that could solve major electric vehicle limitations. Worth weighing: No current revenue or profit. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.
Over about 2 years to 2026-07-31. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
How much has QuantumScape Corporation actually fallen?
Over the last 2 years of daily prices, QuantumScape Corporation fell as much as −74% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.
Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
Commercial production begins and batteries are adopted by major brands
Technology fails to become commercially viable
What does QuantumScape Corporation do?
QuantumScape is essentially a research and development powerhouse focused on replacing the liquid batteries found in today's electric cars with a solid-state alternative. Because they are still in the testing phase and haven't started mass-producing batteries for sale, they aren't making any profit yet. How quickly they move from laboratory prototypes to reliable, large-scale manufacturing will be telling.
On our factor screen it looks strongest on value and quality, and weakest on momentum.
- !Pays no dividend - the whole return rides on the share price
- !Thin profits - turns only about 0% of sales into profit
- ✓Low debt - a sturdier balance sheet
- Value screens high (81/100)
- Pioneering technology that could solve major electric vehicle limitations
- High potential for disruption in the automotive industry
- Strong interest from major automotive partners
- Quality screens low (28/100)
- Momentum screens low (2/100)
- Income screens low (16/100)
- The technology may never reach mass-market production
- Competitors could develop better or cheaper alternatives
What do QuantumScape Corporation's numbers mean?
How much money does QuantumScape Corporation make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Does QuantumScape Corporation pay a dividend?
No - QuantumScape Corporation doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.
When does QuantumScape Corporation report earnings, and how did recent quarters go?
QuantumScape Corporation is next scheduled to report on about 2026-10-21 - dates can move, and we don't predict results; this just tells you when to look.
Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-07-22 | $-0.18 | $-0.16 | Beat +10% |
| 2026-04-22 | $-0.17 | $-0.16 | Beat +7% |
| 2026-02-11 | $-0.17 | $-0.17 | Beat +1% |
| 2025-10-22 | $-0.20 | $-0.18 | Beat +9% |
| 2025-07-23 | $-0.18 | $-0.20 | Missed -8% |
| 2025-04-23 | $-0.19 | $-0.21 | Missed -10% |
Across the last 6 quarters here, QuantumScape Corporation came in ahead of what analysts expected 4 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.
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An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.
What are the pros and cons of QuantumScape Corporation?
How many points the write-up makes each way — a balance check, not a score or verdict.
- Pioneering technology that could solve major electric vehicle limitations
- High potential for disruption in the automotive industry
- Strong interest from major automotive partners
- No current revenue or profit
- High cash burn rate to fund research
- Significant share price volatility
- The technology may never reach mass-market production
- Competitors could develop better or cheaper alternatives
- The company may need to raise more money, which can dilute existing shareholders
The write-up's own warning lights — if these start happening, the case above changes.
- The company announces it has successfully begun mass production of its batteries
- A major car manufacturer cancels its partnership agreement
Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →
This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.