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FTC Solar reports Q2 revenue up 31% YoY, secures major projects, and reaffirms 40% revenue growth for 2026

Company Fundamentals
05 Aug 2026
GlobeNewsWire
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Bullish
FTC Solar reports Q2 revenue up 31% YoY, secures major projects, and reaffirms 40% revenue growth for 2026

FTC Solar announced strong Q2 2026 results with revenue rising 31% year-over-year and 52% sequentially, driven by new project awards including a 400MW U.S. project and 80+MW in Australia. The company is expanding internationally, entering the India market with multiple project wins, and expects continued growth with a 40% revenue increase forecast for 2026. Despite a GAAP net loss of $27.1 million, FTC Solar is investing in sales, AI, and robotics to improve efficiency and margins. The company also secured a $20 million equity line of credit to support growth and expects Q3 revenue to grow by about 24% sequentially.

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