FTC Solar reports Q1 2026 revenue of $17.3M, announces new CEO Anthony Carroll, and secures 1GW tracker contract.

FTC Solar announced its Q1 2026 financial results with revenue of $17.3 million, down 17% year-over-year and 47.5% sequentially, and a GAAP gross loss of $1.2 million. The company appointed Anthony Carroll as the new CEO, bringing extensive renewable energy leadership experience. FTC Solar also secured a significant 1 gigawatt tracker contract with a new major customer, boosting its backlog to approximately $543 million. The company expects revenue growth through 2026, projecting about 40% growth over 2025, signaling confidence in its market position and future expansion.