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QuantumScape (QS) shares are up more than 14% in Thursday morning trading following the company’s first-quarter 2026 earnings report, which delivered a narrower-than-expected loss and signaled meaningful business momentum across multiple fronts. The company reported a quarterly loss of $0.16 per share, beating the consensus estimate of an $0.18 loss, while its adjusted EBITDA loss of $63.2 million came in line with expectations. Customer billings for the quarter totaled $11 million, reflecting a combination of customer development activities and ecosystem partner payments.
