Toyo Co., Ltd (TOYO)
NASDAQ:TOYO
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Earnings Data
Report Date
Aug 26, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.69Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strong, positive operational and financial inflection: record revenue, major YoY improvements in gross profit, EBITDA and net income, and clear capacity expansion plans (Houston module ramp to 2 GW and planned 1.5 GW cell facility). Management reiterated full-year guidance and noted robust U.S. demand while maintaining conservative assumptions (excluding 45X credits). Key risks include materially higher operating and cost-of-revenue levels (driven by scale), multi-year CapEx needs (with most cell CapEx deferred to 2027), and concentration of revenue in the U.S. Overall, the positive results and on-track expansion materially outweigh the manageable execution and funding risks.Company Guidance
Record Quarterly Financial Performance
Revenue of $142.8M in Q1 2026, up 177% year-over-year from $51.5M; gross profit of $47.8M, up 894.8% YoY; net income of $28.4M versus a net loss of $3.7M in Q1 2025; diluted EPS of $0.75 versus a loss per share of $0.10.
Material Margin Expansion
Gross margin expanded to 33.5% in Q1 2026 from 9.3% in Q1 2025 (a ~24.2 percentage-point increase), reflecting structural improvements from scale and cost reductions.
Strong EBITDA and Adjusted Results
Non-GAAP EBITDA of $48.1M (vs. $2.4M in Q1 2025) and adjusted EBITDA of $48.3M (vs. $2.8M), representing increases of roughly $45M, driven by revenue scale-up and improved margins.
Reaffirmed Full-Year Guidance
Reaffirmed 2026 targets: solar cell production 5.5–5.8 GW, solar module production 1.0–1.3 GW, and full-year adjusted net income guidance of $90M–$100M.
U.S. Manufacturing Expansion on Track
Houston module capacity being expanded from ~1 GW to 2 GW with on-track timing to reach 2 GW by Q3 2026; planning a U.S. solar cell facility designed for ~1.5 GW annual production and expected transition to execution in H2 2026.
Improved Liquidity and Cash Generation
Cash and restricted cash increased to $72.2M as of March 31, 2026 from $58.9M as of Dec 31, 2025, reflecting solid operating cash generation during the quarter.
Strong U.S. Customer Demand
Management indicates majority of 2026 revenue (>75% by volume) is U.S.-oriented, with accelerating demand for domestically manufactured FIAC-compliant modules.
TOYO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TOYO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 18, 2026 | $12.67 | $14.80 | +16.81% |
Mar 31, 2026 | $7.42 | $7.33 | -1.21% |
Sep 08, 2025 | $5.71 | $5.42 | -5.08% |
Apr 28, 2025 | $2.79 | $2.88 | +3.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Toyo Co., Ltd (TOYO) report earnings?
Toyo Co., Ltd (TOYO) is schdueled to report earning on Aug 26, 2026, Before Open (Confirmed).
What is Toyo Co., Ltd (TOYO) earnings time?
Toyo Co., Ltd (TOYO) earnings time is at Aug 26, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TOYO EPS forecast?
TOYO EPS forecast for the fiscal quarter 2026 (Q2) is 0.69.