QuantumScape (QS): Valuation in Focus as Strategic Partnerships Fuel Optimism Ahead of Q3 2025 Results

QuantumScape, the US-based developer of solid-state battery technology, will deliver its Q3 2025 earnings shortly after securing strategic partnerships with Murata Manufacturing and Corning to accelerate ceramic separator production. These moves have raised investor expectations regarding commercial progress.

See our latest analysis for QuantumScape.

After a bumpy stretch earlier this year, QuantumScape’s share price return of 191% year-to-date has captured attention, powered by its new manufacturing partnerships and a wave of optimism around solid-state battery breakthroughs. Still, the three-year total shareholder return of 78% highlights that the journey remains volatile but promising, as market enthusiasm for new technology challenges old doubts.

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But with a massive rally already in the books and new partnerships setting high expectations, investors may wonder whether QuantumScape’s current price is a bargain for long-term believers or if the market has already factored in all future growth.

Most Popular Narrative: 35.4% Undervalued

According to davidlsander, the narrative sets QuantumScape’s fair value well above its last close of $16.14. By this estimate, the market could be missing out on significant upside, especially as novel production partnerships and commercial promise continue to unfold.

QuantumScape (QS), a company that for years was often dismissed as a mere "science project" by skeptics, has definitively transformed into a formidable business on the verge of real-world impact. Having chosen the "Hard Path" to tackle fundamental battery challenges, QuantumScape's journey, spanning over a decade and fueled by approximately $1.5 billion in funding (with roughly $300 million strategically deployed to date), is now poised for commercial success.

Read the complete narrative.

Wondering what bold financial logic powers that huge upside? The narrative leans heavily on assumptions about technology milestones, production breakthroughs, and strategic alliances. Only a deep dive reveals the numbers, the secret engine of that sky-high fair value.

Result: Fair Value of $25 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, the narrative faces real tests if QuantumScape stumbles on scaling production or if competitors deliver solid-state breakthroughs first. This could reshape investor expectations.

Find out about the key risks to this QuantumScape narrative.

Build Your Own QuantumScape Narrative

If you think there’s another angle to the QuantumScape story or want to see where your own research leads, it's quick and easy to build your own perspective in just a few minutes. Do it your way

A great starting point for your QuantumScape research is our analysis highlighting 3 key rewards and 4 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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