TOYO Q2 Revenue Jumps 35% to $118M, H1 Net Income Soars 1,731%
TOYO sits 36% above its 52-week low of $4.41.
Summary
TOYO reported Q2 2026 revenue of $118.2M, up 35% YoY, with net income of $17.4M versus $6.2M a year ago. First-half revenue hit $261.0M, up 87.6%, and net income surged to $45.8M from $2.5M. Gross margin expanded to 31.3% in Q2 from 20.9% last year, driven by the new Texas module facility. The company raised $52.6M in net proceeds from equity offerings during H1 and ended June with $123.4M in cash. Management flagged uncertainty from Section 232 policy discussions with the Department of Commerce, which could impact H2 results, and noted it won't know final terms until those talks conclude. The company reaffirmed the Texas expansion timeline with module capacity reaching 2 GW in September and HJT cell pilot production by Q1 2028.
At the time of this announcement, TOYO was trading at $5.99 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $244.4M. The 52-week trading range was $4.41 to $17.43. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: PR Newswire.