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TOYO reports 87.6% revenue growth and $45.8M net income in H1 2026, driven by U.S. solar expansion.

Company Fundamentals
19 Aug 2026
PRNewsWire
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Bullish
pluang ai news

TOYO Co., Ltd announced strong financial results for the first half of 2026, with revenues rising 87.6% to $261 million and net income soaring to $45.8 million, up over 1700% from the previous year. This growth was fueled by a 62.5% increase in solar cell deliveries and the ramp-up of its U.S. manufacturing facilities, including a new solar module plant in Texas. TOYO is advancing its integrated U.S. solar manufacturing strategy, with plans to expand module capacity to 2 GW and pilot production of advanced solar cells by early 2028. The company is also engaging with the U.S. Department of Commerce on policy matters that may impact future results but remains confident in its long-term growth prospects.

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