Toyo FY26 first-half net income rises to USD 45.8 million; revenue increases 87.6% to USD 261 million
TOYO•Sales mix and production plans
U.S. end-customer sales reached USD 210.5 million, about 80.7% of first-half revenue; solar cells delivered rose 62.5% to 2.6 GW.
The second 1 GW Texas module line is set to start production in September 2026; the 1.5 GW HJT cell line targets pilot production by Q1 2028.
First-half and second-quarter results
Toyo posted Q2 2026 revenue of USD 118.2 million, up 35% year-over-year; net income rose to USD 17.4 million.
Gross margin widened 10.4 percentage points to 31.3%; diluted EPS increased to USD 0.45.
First-half revenue climbed 87.6% to USD 261 million; net income rose to USD 45.8 million.
