QuantumScape signs Honda battery deal alongside Q2 results

QuantumScape reported second-quarter 2026 results on July 22, posting a GAAP net loss of $98.2 million, or $0.16 per share, narrower than analysts expected, and reaffirmed full-year adjusted EBITDA loss guidance of $250 million to $275 million. The company disclosed a new multi-year joint research agreement with Honda R&D to develop QuantumScape's solid-state lithium metal battery technology for automotive and other applications, following what it described as a demanding technical evaluation by Honda. Shares still fell after QuantumScape separately said the maximum potential payments under its existing Volkswagen PowerCo licensing deal dropped from $131 million to $75 million.