T1 Energy Q2 net loss widens to $36.9 million; net sales rise to $250 million
TE•Second-quarter results
- T1 Energy posted Q2 net sales of $250 million, up 87.97% from a year earlier.
- Net loss from continuing operations was $36.9 million; adjusted EBITDA was $10.7 million, including a $24.4 million IEEPA tax-refund benefit.
- Gross margin rose to 19.6%; management cited about 300 basis points of improvement on higher throughput and contract deliveries.
Production and construction update
- G1_Dallas produced 935 MW of modules; the company expects Q3 and Q4 run-rate output to exceed Q2 levels.
- Construction at G2_Austin advanced, with first cell production expected in Q1 2027.
- T1 also placed $120 million of private convertible notes due 2031.
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