SolarMax net loss widens to $4.7 million in second quarter 2026; revenue rises 49% to $10.2 million
SMXT•SolarMax revenue rose 49% year over year to $10.2 million in Q2 2026, while its net loss widened to $4.7 million, or $0.98 per share.
1. Quarterly results
Gross profit more than tripled to $2.4 million. Operating expenses rose to $6.9 million, including a one-time $4.3 million legal judgment tied to the China segment. CEO David Hsu cited a focus on EPC projects, tighter cost management and pursuing large-scale energy storage opportunities.
