A Look at Amprius Technologies's (AMPX) Valuation After Record Battery Deal and Strong Quarterly Results

Amprius Technologies (AMPX) posted quarterly results that topped Wall Street expectations, as a smaller loss and stronger revenue caught investors’ attention. The report coincided with a record $35 million re-order for its SiCore battery technology, which signals expanding customer demand.

See our latest analysis for Amprius Technologies.

The buzz around Amprius Technologies is not just about a stellar earnings beat. Momentum has been building for months, with the past 90 days bringing a remarkable 59.7% share price return and an even more eye-catching year-to-date rise of 295.8%. Looking further back, shareholders have seen a 1-year total return of 429%, reflecting both share price gains and reinvested dividends. With recent deals, analyst upgrades, and surging returns, investors are clearly betting on the company’s growth potential gaining traction.

If Amprius’s rapid climb has you curious about what else is catching investors’ attention, broaden your search and discover fast growing stocks with high insider ownership

The question now is whether Amprius’s impressive rally leaves more room for upside, or if the current share price already reflects all this momentum and future growth. This has investors wondering if a real buying opportunity remains.

Most Popular Narrative: 34.1% Undervalued

The prevailing narrative puts Amprius Technologies’ fair value well above the last close, suggesting a substantial gap between market price and perceived fundamentals. This is fueling both excitement and debate as investors eye the story behind the current valuation.

The industry's increasing need for lightweight, high-energy-density battery solutions (for drones, electric aviation, and next-gen vehicles) enables Amprius to maintain premium pricing and outperform on gross and net margins due to its demonstrated product performance advantages, evidenced by record energy density and recent customer wins (for example, AALTO/Airbus and U.S. Army). Diversification of the customer and geographic revenue base through global contract manufacturing partnerships (notably new capacity in South Korea) is expected to reduce revenue volatility and support scale-up, which should improve operating leverage and expand net earnings over time.

Read the complete narrative.

Want to know which bold assumptions power the high fair value? The real point of interest is how analysts see margins, revenues, and a valuation multiple fitting together. Unlock the specifics behind these projections—you may be surprised at the aggressive forecasts driving that price gap.

Result: Fair Value of $17.17 (UNDERVALUED)

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

However, heavy reliance on the aviation sector and potential manufacturing scale-up challenges could quickly shift the outlook if contract wins or efficiency targets do not meet expectations.

Find out about the key risks to this Amprius Technologies narrative.

Another View: Price-to-Sales Comparison Raises Caution

Taking a different approach, looking at Amprius through its price-to-sales ratio presents a more expensive picture. The company trades at 25.3 times sales, much higher than the US Electrical industry’s 1.9 times and just above the peer average of 24.9 times. Compared to the fair ratio of 2.7 times, this gap signals significant valuation risk if the market cools or expectations reset. Does the stock’s premium already price in all the future growth?

See what the numbers say about this price — find out in our valuation breakdown.

Build Your Own Amprius Technologies Narrative

If these viewpoints do not match your outlook or you want to interpret Amprius’s prospects your own way, you can build a narrative around the latest numbers in under three minutes. Do it your way

A great starting point for your Amprius Technologies research is our analysis highlighting 2 key rewards and 3 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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