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TOYO reports Q1 2026 revenue up 177% and net income of $28.4M, reaffirming strong 2026 outlook.

Company Fundamentals
18 May 2026
Prnewswire
View Source
Bullish
pluang ai news

TOYO Co., Ltd announced a 177% increase in Q1 2026 revenue to $142.8 million, driven by higher solar cell and module sales. Net income rose to $28.4 million from a loss of $3.7 million in Q1 2025, with EBITDA improving significantly. The company reaffirmed its 2026 guidance, expecting solar cell shipments of 5.5-5.8 GW and solar module shipments of 1.0-1.3 GW, supported by expanded manufacturing capacity and plans for a new U.S. cell plant and R&D center. This strong performance highlights growing demand for high-efficiency solar solutions and TOYO's operational scale-up.

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