Amprius: A Better Entry Point After A 50%+ Decline (Rating Upgrade)

Amprius Technologies is capitalizing on surging drone battery demand, delivering 125.7% YoY revenue growth and improved gross margins. AMPX raised 2026 revenue guidance to at least $140 million and targets $600 million revenue, 30% gross margin, and 20% EBITDA by 2030. Operating leverage is emerging, with EBITDA break-even expected imminently and a strong $74.5 million cash position supporting growth.