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QuantumScape Corporation (NASDAQ:QS) is one of the best EV battery stocks to buy in 2026. On April 22, QuantumScape Corporation (NASDAQ:QS) shared its Q1 FY2026 financial results, where it reported a GAAP net loss of $100.8 million. This was an improvement from the $114.4 million loss posted in Q1 2025. Management explained that the improvement was because operating expenses declined to $109.2 million from $122.9 million a year ago. Basic and diluted net loss per share came in at $0.16 per share, well ahead of the $0.18 expected.

Photo by Kumpan Electric on Unsplash

The company detailed that customer billings reached $11 million in the quarter. These included the company’s first-ever billings from ecosystem partners. Management highlighted this as a meaningful milestone because it signals that third parties are now financially invested in their company’s technology platform and that a licensing and royalty revenue stream is beginning to take shape.

However, management said the quarter’s most significant operational milestone was the completion of installation for the Eagle Line. This is QuantumScape’s pilot-scale solid-state cell production facility. The company said start-up operations are now underway, and that the project is central to its commercialization strategy.

QuantumScape inaugurated the Eagle Line production facility on February 4 at its headquarters in San Jose, California. Automotive OEM customers including Volkswagen Group, ecosystem partners, and government officials attended the ceremony.

QuantumScape Corporation (NASDAQ:QS) is a battery technology company. It designs and produces advanced battery cells that use solid electrolytes instead of liquid ones. The company supplies next-generation battery technologies intended for integration into EV platforms.

While we acknowledge the potential of QS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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