Guidance calls for Q3 revenue of $30 million to $35 million; management reaffirmed 40% full-year 2026 revenue growth.
Q2 results and backlog
FTC Solar posted Q2 revenue of $26.2 million, up 52% quarter-on-quarter and 31% year-on-year, beating its target range.
Net loss widened to $27.1 million, or $1.69 per diluted share, from a net loss of $15.4 million a year earlier.
Contracted backlog stood at about $560 million; the company also set an equity line of credit for up to $20 million.
Bookings and project activity
Bookings included a 330+MW Australia project cleared to start production, with 2H 2026 deliveries, and multiple initial India project wins with shipments underway.
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