Amprius Technologies, Inc. (AMPX) AI Stock Analysis

Amprius Technologies, Inc. produces and distributes lithium-ion batteries featuring ultra-high energy density. The company concentrates on silicon nanowire anode batteries designed for critical applications in aerospace, defense, and electric vehicles. Its battery technologies address commercial and emerging aviation applications, including unmanned aerial systems such as drones and high-altitude pseudo satellites. Founded in 2008 and based in Fremont, California, Amprius integrates advanced materials and proprietary manufacturing processes to support scalability and reliability across mobility sectors.

Amprius expanded revenue from $2.8M in FY2021 to $73.0M in FY2025, achieving a five-year revenue CAGR of 73.2% from FY2020 to FY2025. Annual top-line growth accelerated from 59.1% in FY2022 and 99.4% in FY2023 to 174.9% in FY2024 and 202.1% in FY2025. Gross margin turned positive in FY2025 at 11.3%, up from -75.8% in FY2024 and -169.9% in FY2023. Operating margin remained negative at -63.9% in FY2025, alongside net income of -$44.0M. For the latest quarter ended June 30, 2026, quarterly revenue grew 125.9% year-over-year, bringing trailing twelve-month revenue to $109.2M with an operating margin of -12.6% and EPS of -$0.29.

As of June 30, 2026, Amprius held $74.5M in cash and short-term investments against total debt of $6.4M, resulting in net cash of $68.1M. Total assets stood at $149.2M against shareholders' equity of $125.6M, yielding a current ratio of 7.17 and a debt-to-equity ratio of 0.05. In FY2025, the company used -$31.1M in operating cash flow, incurred capital expenditures of $4.4M, and generated free cash flow of -$35.5M. The share count increased 118.1% over five years.

Amprius carries a market capitalization of $1.13B and an enterprise value of $1.35B. The stock trades at a forward P/E of 161.3x, a price-to-sales of 10.3x, and an EV-to-revenue ratio of 12.5x. These multiples sit above the median of its US-listed Industrials peers, which post a forward P/E of 17.2x and a price-to-sales of 1.5x. Over the past year, AMPX shares dropped 39.7%, trailing the S&P 500 benchmark return of 16.8%.

Wall Street coverage includes 10 Strong Buy and 1 Buy ratings, with zero Hold, Sell, or Strong Sell recommendations. The mean price target is $22.10, representing 186.6% upside compared to the October 16, 2026 closing price of $7.71. Consensus estimates model FY2026 revenue of $140.6M with EPS of -$0.07, followed by FY2027 revenue of $212.2M and EPS of $0.10 across 5 analysts. Amprius beat EPS expectations in 2 of the last 4 quarters, with next earnings scheduled for November 5, 2026.

This page is an AI-written research summary of Amprius Technologies, Inc. (AMPX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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